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Landmark Diner on Major Intersection

Miami Gardens, FL, USA
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  • Businesses For Sale | Diners For Sale
  • Businesses For Sale | Diners For Sale
  • Businesses For Sale | Diners For Sale
  • Businesses For Sale | Diners For Sale

Listing ID : 2431559

Listed On December 10, 2024 View Count 7

Listing Updated December 10, 2024

Price :
$499,000
Business Overview :
Gross Revenue:
$729,304
Cash Flow:
$174,601
Target Working Capital:
$40,000
Year Established:
1960
Number of Employees:
12
Inventory Included:
Yes
Estimated Value of Inventory:
$3,000
Accounts Receivable Included:
No
Furniture, Fixtures & Equipment (FF&E) Included:
Yes
Estimated Value of FF&E:
$100,000
Outstanding Liabilities & Debts:
No
License Included:
Yes
License Type:
Hotels & Restaurants
Business Location Details :
Business Location:
Leased
Type of Lease:
Triple Net Lease (NNN Lease)
NNN Monthly Cost:
$6,350
Lease Expiration:
12/2025
Building Size:
2,150 Sq. Ft.
Facility & Tenant Improvements:
Seating for 98 people. Full kitchen.
Property Details :
Terms :
Financing:
Cash
NDA Required:
Yes
Broker Co-Op:
Yes
Support & Training Offered:
2 weeks
Reason for Selling:
Moving out of the State
Company Overview :
Franchise Overview :
Description :

This long established and well known landmark diner is the envy of many restaurateurs and pride of the area. They have been inbusiness 63 years and current operator is the 3rd owner. It’s nestled amongst thousands of retailers, commercial buildings, municipality offices, residential neighborhoods and in proximity to Hard Rock Stadium. It sits on the corner of a strip center as a free standing building with excellent visibility on all 4 corners of the lighted intersection.

Diner has its nostalgic look of red booths, chrome bar stools and a fun, casual and family atmosphere. The menu is extensive and has something for everyone. They have a max indoor seating capacity of 98. The space underwent a complete renovation with new booths, ceiling, A/C, roof, and kitchen equipment less than 5 years ago. Aside from dining in, the business uses most food delivery apps like Doordash, Uber Eats, Grubhub, and Cookdash, as well as, pick-up orders.

Operator works approximately 8 hrs/day six days a week and has a good loyal staff with many of them since its acquisition in 2017. Seller has leveraged the history and fame of the business by having several music video shoots, podcasts, fashion shows and other private engagements rent out the space after hours for these additional revenue streams. There’s been a strong demand for dinner service which a prospect Buyer can capitalize upon and generate additional revenue. The sale is very confidential and staff is not aware of it. Non Disclosure Agreement and Proof of Funds are required in order to release additional information or schedule a site visit.

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Royal Crown Group LLC
License:BK3166860

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