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#5682
Ft Lauderdale Restaurants For Sale

South Palm Beach - Absentee - High Volume

$799,000
South Palm Beach - Absentee - High Volume
This Listing is Expired

Incredible Seller Financing with 20% Down!!! Landmark Breakfast/Lunch/Dinner in S. Palm Beach County. Established for over 20 years. Sales of $2 million + with an owner benefit of $400k+ in 2019. Perfect books & records. Great Seller Financing with 20% down. Visa qualified (Tax Returns on file & W-2 employees). Large kitchen & dining area which seats 200. Free Standing Building (2,800 sq ft) located in a destination outside mall with many National anchors. Lease extends to 2032. Experienced kitchen staff in place. Owner benefit is a working owner replacing the manager. All buyers must qualify financially before CIM is distributed.

President Russell Cohen DRE License #SL679527

Lease

Region:
Ft Lauderdale Restaurants For Sale
Lease Term:
Expires 1/1 2027
Total Monthly Rent:
$14,900

Financials

Last Year's Annual Gross:
$2,074,407
Last Year's Owner's Cash Flow:
$401,593

Operations

# of Full-Time Employees:
15
# of Part-Time Employees:
20
Hours Open:
Mon-Thurs 6am-12am; Fri-Sat 7am-2:30am; Sun 7am-12
Year Established:
2000
Hood System Type 1:
Yes
Hood System Type 2:
Yes

Facilities

Indoor Seating:
180
Outdoor Seating:
20
# of Parking Spots:
Ample

Highlights

  • Absentee Owner
  • High Grossing Amercian Restaurant

Financing

Down Payment:
$150,000
Will SBA Finance:
No
Will Seller Lend To Buyer:
Yes
Seller Carryback of Purchase Price:
8%

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 36,612 67,034 453,938
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 12,909 25,362 168,658
2010 Persons Per Household 2.58 2.44 2.40
Median House Value $141,400 $159,224 $162,512
Income Per Household $45,968 $46,978 $42,171
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 2,308 3,700 13,057
2012 Number Of Employees 99,790 120,768 322,748
2012 Total Annual Payroll $3,166,217,000 $3,574,871,000 $4,294,967,295

click for more demographic info

Disclaimer

Notice: The User (that's you reading this) of this Website understands that Murphy Business & Financial Services LLC. ("Broker") or its agent(s) do not audit or verify any above information given to or gathered by Broker or its agent(s) from Seller, our Client, or make any warranties or representations as to its accuracy or completeness of the information provided, nor in any way guarantee future business performance. The User should perform a complete and detailed due diligence on the business and or real estate before buying it.  In some cases, forward looking statements may have been made but these statements are absolutely no guarantees of future performance of the business as each User has differing skills sets to either grow the business or kill the business.  Owning a business is a risky venture, but can also be a rewarding one.  The User of this website is solely responsible to examine and investigate the Business and or real estate, its assets, liabilities, financial statements, tax returns, and any other facts which might influence the User's purchase decision or the price the User is willing to pay. Any decision by User to purchase the Business shall be based solely on User's own investigation and that of User's legal, tax, and other advisors and not that of Broker or its agent(s). Any listing information may change at any time without any notice to User. In addition, Broker uses SellingRestaurants.com as an advertising source for Broker's Listings and in no way is SellingRestaurants.com involved in receiving a commission for its services. 

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