Listing ID: 67698
Restaurant for Sale in Broward County, Florida. Grocery Store Anchor and Build-out spared no expenses. Can convert to most concepts.
The restaurant for Sale occupies 2,625 square feet. The dining room seats 50 guests; you can easily add additional tables to the dining room. There is seating for 12 outside. The restaurant has a fully equipped commercial kitchen that features two exhaust hoods: a 10 foot hood and a 8 food hood. All of the equipment is in excellent condition and the refrigeration is commercial grade. The equipment list is extensive including Candy Stockpot, Four-Eye Burner, Grill, Two Fryers, Wok Burner and much more. The refrigeration includes a Walk-in Cooler and Freezer. The current lease expires in September 2027. The monthly rent is a reasonable $8,987.58 including CAM and taxes.?
This Vietnamese Asian Restaurant for Sale offered by We Sell Restaurants is located in a busy shopping center that is home to restaurants, retail shops and service providers. The main anchors of the plaza include a major supermarket and healthcare provider. There are over 397,500 residents within a 5-mile radius with an average household income of approximately $89,000 in a 1-mile radius. The property has a daily traffic count of 49,500 cars per day. Close to the beach and Fort Lauderdale, Coral Springs has excellent schools, activities and is a wonderful place to raise a family.
The Restaurant for Sale is open seven days per week. Sunday to Thursday from 11am-10pm, Friday and Saturday 11am-11pm. The restaurant has a 2COP beer and wine license. The current menu is traditional Vietnamese Cuisine including Pho, BBQ, Wings, and Boba Tea. Exclusivity in the plaza include Italian. The seller will provide 5 days of training at no cost.
Is there lending available? You bet. Have a credit score of over 680 and you’ll have loan approval with We Sell Restaurants lenders in 48 hours or less! We’ll help you every step of the way, as you realize the American dream of business ownership.
- Asking Price: $199,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2019
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,625
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
28 Chairs 17 Tables 9 Hightop Chairs 1 Hightop Table 8 TVs Neon Sign Beverage Cooler 2 Bussing Carts 4 High Chair Microwave 2 Two Door Cooler Table Top Steamer 2 Candy Stockpot 2 Eye 4 Eye Burner Grill Two Fryer 2 Sandwich Cooler with low boy refrigeration Ice Well Blender Toast POS Six eye Burner with oven Wok Burner 3 Compartment Sink Slicer Food Processor Two Compartment sink Ice Machine Dishwasher Walk in cooler and freezer SS Shelving Assorted Pots pans utensils 12 outdoor hightop chairs 6 outdoor tables
5 Days of training is included with purchase for no compensation
There are over 397 500 residents within a 5-mile radius with an average household income of approximately 89 000 in a 1-mile radius The property has a daily traffic count of 49 500 cars per day
Two exhaust hoods a 10 foot hood and a 8 food hood All of the equipment is in excellent condition and the refrigeration is commercial grade Extensive equipment list
The venture was started in 2019, making the business 3 years old.
The business has 0 employees and is located in a building with estimated square footage of 2,625 sq ft.
The real estate is leased by the business for $8,987.58
Why is the Current Owner Selling The Business?
There are all sorts of reasons why people decide to sell businesses. However, the genuine factor and the one they say to you might be 2 absolutely different things. For instance, they might say "I have way too many various commitments" or "I am retiring". For many sellers, these factors are valid. But also, for some, these may just be reasons to try to hide the reality of changing demographics, increased competition, recent reduction in revenues, or a variety of other reasons. This is why it is really crucial that you not rely completely on a seller's word, however instead, utilize the seller's answer combined with your overall due diligence. This will paint an extra realistic picture of the business's present situation.
Existing Debts and Future Obligations
If the current business is in debt, which many companies are, then you will need to consider this when valuating/preparing your deal. Lots of businesses take out loans in order to cover items like supplies, payroll, accounts payable, so on and so forth. Remember that sometimes this can suggest that revenue margins are too small. Numerous companies come under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may additionally be future obligations to take into consideration. There may be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with vendors that must be fulfilled or might cause charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the area draw in brand-new consumers? Often times, companies have repeat customers, which develop the core of their day-to-day profits. Particular factors such as brand-new competition growing up around the location, roadway construction, as well as employee turnover can impact repeat consumers as well as adversely affect future incomes. One crucial point to think about is the location of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the highway? Obviously, the more people that see the business often, the better the possibility to construct a returning client base. A final idea is the general location demographics. Is the business situated in a densely populated city, or is it located on the outskirts of town? Exactly how might the neighborhood typical house earnings influence future revenue potential?