Highly Profitable S. Florida Restaurant – Deli, Bagels and More!

General Business Information

Listing ID:

4110-00314

Listing Type:

Exclusive Right of Sale

Price:

$1,495,000

Down Payment:

$161,000

Category:

Restaurants

County:

Broward

State/Prov:

Florida

Country:

United States

Sales:

$1,763,000

SDE:

$540,306

Description of Business

A New York style deli with a hometown feel is a local favorite in South Florida; serving and specializing in all-day breakfast and also serves lunch and dinner and offers catering services. The restaurant has a full-service deli, bagels, and bakery full of fresh items to enjoy and has received "Best Of" awards in the community it has served for 16 years. It is known for serving a loyal customer base and offering a large menu with generous portions including overstuffed sandwiches, salads, wraps, burgers, and a dinner menu (including gluten-free and vegan menu choices). The large fully equipped kitchen supports the vast menu offerings.
There is a large patio for outdoor dining (approx. 50 guests) as well as 3,500sf of restaurant space. Staff and management are in place for continued success; current owner (who works 40-45 hours/week) has been in the industry her whole life and is looking to retire. This is a perfect opportunity for an Owner-Operator or as a Family-Run business.

Listing Details

Location:

This high-volume establishment is located in a very popular shopping center with 20+ retail, dining, and entertainment neighboring tenants. The average household income in the immediate area is $110k, and the intersection sees 90,000 vehicles per day.

Organization Type:

Full Corporate

Hours of Operation:

Sun - Wed, 6:30a - 3p; Thurs - Sat, 6:30a - 7p

Years Established:

2006

Years Owned:

16

Employees FT:

14

Employees PT:

5

Managers:

1

Amount of Hours Owner Works:

45

Is Relocatable:

No

Is Home Based:

No

Is a Franchise:

No

Is Lender Pre Qualified:

Yes

May Qualify for a Visa:

Yes

Financial Information
INCOME PERIOD, Year
GROSS SALES

– Costs of Goods Sold

= Gross Profit

– Total Expenses

= Net Before Taxes
ADD BACKS

+ Owner(s) Salary

+ Benefits

+ Interest Expense

+ Depreciation

+ Other
TOTAL OWNER BENEFIT
2022
$1,956,402

$933,111

$1,023,291

$752,985

$270,306
$270,000

$0

$0

$0

$0
$540,306
2021
$1,763,196

$796,694

$966,502

$564,550

$401,952
$201,000

$0

$11,861

$9,072

$0
$623,885
2019
$1,538,660

$686,423

$852,237

$511,292

$340,945
$130,000

$0

$236

$9,135

$0
$480,316
Assets Included in Sale

Leasehold Improvements:

$210,000 Included

FF+E:

$200,000 Included

Total Assets Included:

$410,000

Lease Information

Expiration Date:

2022-07-01

Square Footage:

3,531

Building Type:

Strip Center

Summary

Reason for Sale:

Retirement

Training and Support:

Two weeks at no cost to buyer.

Non Compete:

3 Miles for 3 Years

Owner Qualifications:

Restaurant management experience.

Financing Summary:

Financing Scenario offered by Lynne Singletary of 44 Business Capital. lsingletary@44businesscapital.com (407) 731-9555. Acquisition: $1,495,000 | Working Capital: $50,000 | CC Est. & SBA Guarantee Fee: $65,000 | Down Payment: $161,000 | Term 120 months | Rate: WSJP + 2.75% | Mo Pmt: $15,725.46

For more information on this listing, please complete our Non-Disclosure Agreement
LISTING BROKER

Tony Blair

Tony Blair
General Business Information

Listing ID: 4110-00314

Listing Type: Exclusive Right of Sale

Price: $1,495,000

Down Payment: $161,000

Category: Restaurants

County: Broward

State/Prov: Florida

Country: United States

Sales: $1,763,000

SDE: $540,306

Description of Business

A New York style deli with a hometown feel is a local favorite in South Florida; serving and specializing in all-day breakfast and also serves lunch and dinner and offers catering services. The restaurant has a full-service deli, bagels, and bakery full of fresh items to enjoy and has received "Best Of" awards in the community it has served for 16 years. It is known for serving a loyal customer base and offering a large menu with generous portions including overstuffed sandwiches, salads, wraps, burgers, and a dinner menu (including gluten-free and vegan menu choices). The large fully equipped kitchen supports the vast menu offerings.
There is a large patio for outdoor dining (approx. 50 guests) as well as 3,500sf of restaurant space. Staff and management are in place for continued success; current owner (who works 40-45 hours/week) has been in the industry her whole life and is looking to retire. This is a perfect opportunity for an Owner-Operator or as a Family-Run business.

Listing Details

Location: This high-volume establishment is located in a very popular shopping center with 20+ retail, dining, and entertainment neighboring tenants. The average household income in the immediate area is $110k, and the intersection sees 90,000 vehicles per day.

Organization Type: Full Corporate

Hours of Operation: Sun - Wed, 6:30a - 3p; Thurs - Sat, 6:30a - 7p

Years Established: 2006

Years Owned: 16

Employees FT: 14

Employees PT: 5

Managers: 1

Amount of Hours Owner Works: 45

Is Relocatable: No

Is Home Based: No

Is a Franchise: No

Is Lender Pre Qualified: Yes

May Qualify for a Visa: Yes

Financial Information
INCOME PERIOD, Year: 2022


GROSS SALES: $1,956,402

– Costs of Goods Sold: $933,111

= Gross Profit: $1,023,291

– Total Expenses: $752,985

= Net Before Taxes: $270,306



ADD BACKS

+ Owner(s) Salary: $270,000

+ Benefits: $0

+ Interest Expense: $0

+ Depreciation: $0

+ Other : $0



TOTAL OWNER BENEFIT: $540,306

INCOME PERIOD, Year: 2021


GROSS SALES: $1,763,196

– Costs of Goods Sold: $796,694

= Gross Profit: $966,502

– Total Expenses: $564,550

= Net Before Taxes: $401,952



ADD BACKS

+ Owner(s) Salary: $201,000

+ Benefits: $0

+ Interest Expense: $11,861

+ Depreciation: $9,072

+ Other : $0



TOTAL OWNER BENEFIT: $623,885

INCOME PERIOD, Year: 2019


GROSS SALES: $1,538,660

– Costs of Goods Sold: $686,423

= Gross Profit: $852,237

– Total Expenses: $511,292

= Net Before Taxes: $340,945



ADD BACKS

+ Owner(s) Salary: $130,000

+ Benefits: $0

+ Interest Expense: $236

+ Depreciation: $9,135

+ Other : $0



TOTAL OWNER BENEFIT: $480,316

Assets Included in Sale

FF+E: $200,000 Included

Leasehold Improvements: $210,000 Included

Total Assets Included: $410,000

Lease Information

Expiration Date: 2022-07-01

Square Footage: 3,531

Building Type: Strip Center

Summary

Reason for Sale:

Retirement

Training and Support:

Two weeks at no cost to buyer.

Non Compete: 3 Miles for 3 Years

Owner Qualifications:

Restaurant management experience.

Financing Summary: Financing Scenario offered by Lynne Singletary of 44 Business Capital. lsingletary@44businesscapital.com (407) 731-9555. Acquisition: $1,495,000 | Working Capital: $50,000 | CC Est. & SBA Guarantee Fee: $65,000 | Down Payment: $161,000 | Term 120 months | Rate: WSJP + 2.75% | Mo Pmt: $15,725.46