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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
Monthly Rent:
$12,500
Expiration Date:
2027-11-30
Square Footage:
3,531
Terms and Options:
Negotiable
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
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
Monthly Rent: $12,500
Expiration Date: 2027-11-30
Square Footage: 3,531
Terms and Options: Negotiable
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
LISTING BROKER