Landmark Breakfast/Lunch/Dinner-So. Palm Beach County

Palm Beach County, FL

Landmark Breakfast/Lunch/Dinner-So. Palm Beach County
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Asking Price: $699,000

Cash Flow: $398,647

Gross Revenue: $2,011,181

EBITDA: N/A

FF&E: $25,000

Inventory: $3,000

Established: 1999

Landmark Breakfast/Lunch/Dinner-So. Palm Beach County

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Business Description

Reason For Sale: Focusing on expanding franchise brand- Landmark Breakfast/Lunch/Dinner in S. Palm Beach County. Established for over 20 years. Sales of $2 million + with an owner benefit of $400k. Perfect books & records. Bank Qualified with 20% down. Visa qualified (Tax Returns on file & W-2 employees). Large kitchen & dining area which seats 200. Free Standing Building (3,000 sq ft) located in a destination outside mall with many National anchors. Lease extends to 2029. Experienced kitchen staff in place. Owner benefit is a working owner replacing the manager. Purchaser will have the competitive advantage of the Corporate food buying group that will provide group food purchasing for 15+ restaurants in Florida for $500/month.

Detailed Information

Location:
Palm Beach County, FL
Inventory:
Included in asking price
Employees:
10 FT/30 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The Seller owns the building but has a land lease. Building valued at $674k. Lease extends to 2029. 3000 sq ft location.
Financing:
Lender pre-screened with $140k down.
Support & Training:
Will train for 4 weeks @ $0 cost.
Reason for Selling:
Focusing on expanding franchise brand.
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Russell Cohen M&AMI,CBI,BCI,CM&AP,CM&AI-

Business Listed By:
Russell Cohen

Murphy Business & Financial Services LLC

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in the M&A Source. The M&A Source is comprised of highly trained Intermediaries who advise on the preparation, sale and/or purchase of middle market (~$2M+ in revenue) business opportunities. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers. Merger and Acquisition Master Intermediary (M&AMI) is a professional certification awarded to Intermediaries who've achieve very stringent educational and professional requirements. M&AMI's agree to abide by an ethical code of conduct when working with business owners and buyers.

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