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Well - Established Colombian Restaurant
Location: United States -> Florida
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)

Business Summary

Colombian restaurant with a 34-year history of success

For 34 years, this Colombian restaurant and bakery has been a beloved destination for both locals and tourists alike. Situated in west Fort Lauderdale, FL, the restaurant is located in an area where Colombians represent the second largest population.
Thanks to its consistent quality and friendly service, the restaurant has cultivated a loyal customer base over the years. As a new owner, you will be welcomed into a warm and welcoming environment, working alongside a team of experienced and friendly staff who will make you feel like part of the family.

Under the current semi-absentee ownership, this restaurant has experienced impressive growth with sales doubling in the past year. However, there is still significant untapped potential to further increase sales by implementing a targeted marketing plan that caters to the local neighborhood.
With a diverse and well-trained staff, the restaurant offers a wide variety of traditional Colombian cuisine at affordable prices, with the most expensive dish costing only $22. This commitment to providing delicious food at moderate prices has contributed to the restaurant's popularity among both regulars and newcomers alike.

The restaurant is currently zoned for up to 60 guests, and there is potential to expand seating by an additional 12 in the bakery area. Additionally, the restaurant has secured a lucrative monthly contract with a local school and with a car dealership for lunch deliveries, which currently covers most of the rent. With the opportunity to expand lunch deliveries and secure similar contracts with other businesses in the area, the potential for increased revenue is significant.
As the new owner, you will have the opportunity to not only benefit from an established and loyal clientele but also from a dedicated and talented staff who take pride in serving delicious Colombian cuisine. Don't miss out on this incredible opportunity to take over a thrivi


Asking Price Range:  $500K - $1.0M
Gross Revenues:   $1,100,000
Cash Flow:   $192,000
Cash Flow Type:  EBITDA
Seller Financing:  Not Disclosed

About The Business

Year Established:  1988
Number of Employees:  1 - 3
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Leased

About The Sale

Management Training and Support:  4 weeks
Reason For Selling:  new opportunities


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Well - Established Colombian Restaurant Photo 1

Print Listing Id: 700377111
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