Restaurant for Sale in Broward County, Florida is ready for a new owner. Absentee operated. Huge potential drive additional sales and control costs to make this a cash cow.
The Restaurant for Sale has been part of the community for eight years. Concept was created in 2017. The restaurant is only open seven days per week. The restaurant opens at 8 am daily and closes at 9 pm Sunday thru Wednesday and closes at 10 pm on Thursday, Friday, and Saturday. Sales in 2024 were $930,006 and the rent is only $7,501 per month including CAMS and Taxes. With rent under 10% of sales this could be transformed into a money maker. Currently absentee run with a General Manager and Kitchen Manager in place, the restaurant currently is at break even when all addbacks are included. An experienced operator could make money immediately by readjusting the labor. Last year the labor percent including payroll tax was 50% of net sales.
The shopping center that is home to this Cuban Restaurant is anchored by a Publix. More than 72,000 cars pass by daily. The three-mile radius population is 123,000 with an average household income of $112,000. The restaurant is housed in 2,443 square feet of space. The restaurant seats 60 guests. The dining is very comfortable and can be converted to any concept. The restaurant has the 2COP beer and wine license. The monthly rent is just $7,510 per month including all Cams and taxes. The long-term lease expires on August 30, 2030. There is a five-year option attached for your long-term security. The Restaurant Brokers at We Sell Restaurants will help you navigate the leasing process all at no cost to you!
The Restaurant for Sale is fully equipped. The kitchen features a twelve-foot exhaust hood and an inground grease trap. The cooking equipment includes a char broiler, flat-top, four eye burner with stove, and two fryers. The refrigeration is all commercial grade. Everything you will need to continue and grow this successful business.
The Restaurant for Sale is operated by 15 employees. The owner handles administrative functions but does not work in the restaurant. The general manager works all six days, handles all functions of operations, and is paid $1,250 per week. The Kitchen Manager is paid $18.50 per hour and works about 50 hours per week. The current concept is Cuban, but the equipment package can be converted to almost any concept. Sports bar and Italian will not be permitted. All recipes will transfer with sale and the seller is offering two weeks of training at no additional cost.
The restaurant is located in Coconut Creek, but draws cutomers from Boca Raton, Parkland, Coral Springs and Pompano. It is conveniently located on a main east/west road. Surrounded by 1000's of residents in gated and ungated communities
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