Landmark Diner on Major Intersection

Miami Gardens, FL
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Asking Price:$525,000
Gross Revenue:$729,304
EBITDA:$174,601
Established Year:1960
Cash Flow:$174,601
Inventory:$3,000
FF&E:$50,000
BUSINESS 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.


DETAILED INFORMATION
Location
Miami Gardens, FL
Inventory
Included in asking price
Employees
12
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Freestanding bldg in a strip center, ample parking, full kitchen equipment, 98 seats
Competition
Not any other diners in proximity
Growth & Expansion
Open for dinner, social media marketing
Support & Training
2 weeks at no cost
Reason for Selling
Moving out of State
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Mark
Habib
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Mark Habib