Asking $295,000

Please contact Tom Prakas

561.929.0111

1,200 SF + Office/Storage/Loft

This very clean and beautiful store is ready for the new owner to take it to the next level!

Sales have been trending upwards for the past few years and there seems to be no sign of slowing down.

You cannot lose with this great Atlantic Avenue location.

This is a must see and you will fall in love with its charm and great location.

Plenty of parking in the rear of the store!

Gross Income 2011 – $325,000

Detailed Information

Facilities:

1200 SF Liquor Store with 400SF office/loft above the store. 4COP Liquor license is included in the price (appox value $75,000.) Sales have been trending up for the past 2 years and there is much potential for growth!

Competition:

The store is located next door to the Seagate Hotel and within walking distance to 1000′s of year round residences. Located on the ALWAYS busy Atlantic Avenue, just East of the intracoastal bridge.

Financing:

Owner Financing

Support/Training:

Owner will train for 2 weeks

Reason Selling:

Retirement/ Health

This is the perfect opportunity for a restaurant operator that wants to operate a restaurant and a late night business as well. This 4COP equipped restaurant is poised to gross over $2.5 Million with the right team in place.

This restaurant/bar is located steps from other high grossing restaurant, club and hotels. This locations is surrounded by 3 million SF of office space and 1000′s of residential units!

If you want to be front and center for West Palm Beach’s annual block parties, SunFest, Boat Shows, etc this is the location for you!

Recently named South Florida’s #1 Reggae scene along with many other awards and accolades!

This is truly a once in a life time opportunity and will not last!

4,800 SF

$11,500/month Rent

Lease – 12 years with options

Gross Income – $1.5 Million

Martinez, who starred in Unfaithful and Blood and Chocolate, is scheduled to be at Villa Azur on 23rd Street for the VIP grand opening Thursday night. He becomes the latest in a long list of celebrities who have tried their hands at the hospitality business here.

Most have failed.

Remember Marisa Tomei? She owned a place on Lincoln Road called Suva. The My Cousin Vinny Oscar winner had her say in the dishes on the menu. Lasted about a year.

How about Cameron Diaz’s Asian fusion eatery, Bambu, also on Lincoln? The actress opened it because she hadn’t been able to find a good Asian restaurant while doing There’s Something About Mary in Miami.

It was gone in less than 18 months.

Other tombstones in the celeb-eatery cemetery: Ricky Martin’s Casa Salsa on Ocean Drive, we hardly knew ya; Dirty Rotten Scoundrels starMichael Caine’ s South Beach Brasserie, the bangers and mash felled it.

More recently, Miami Heat superstar Dwyane Wade had the D-Wade’s chain grow three strong in Aventura, Fort Lauderdale, and Boca. It all ended three months later in a legal disaster.

“For celebrities, a restaurant is just an investment,” said restaurant broker Tom Prakas, who negotiated leases for D-Wade’s and Danny DeVito’sDeVito South Beach, shuttered after two years. “They show up a couple times a year then that’s it. A restaurant, however, is about the food and the service.

“If those aren’t any good, no one’s going back.”

That’s not to say, Prakas added, that a celebrity’s restaurant is a guarantee for bad food or crummy service.

Look at Nobu, Meet The Parents actor Robert DeNiro’s sushi joint in Miami Beach’s Shore Club. It’ll soon be 10 years. Gloria Estefan’s Bongos? Going on 16 years.

What about Martinez’s southern French cuisine emporium? The Art Deco décor sure is breathtaking.

“Halle Berry showing up would help for a short time,” Prakas said. “But then, you also got to eat. There are only so many times you want to see Halle Berry.”

MANNING WATCH

Super Bowl XVII winning QB Joe Theismann to the Miami Dolphins: Stay away from Peyton Manning!

With Manning now on the market, former Redskin Theismann tells Gossip Extra the Fins should look toward Green Bay Packers backup and free agent Matt Flynn.

“You’ll be lucky to get two, maybe three years out of Peyton,” said Theismann, now an NFL analyst. “The reality is Peyton’s 36. Flynn’s 26, and he played for [new Fins coach] Joe Philbin.

“No offense to Peyton.”

CONDO FUMBLE

Speaking of retired NFL greats, Marshall Faulk is in the sights of PNC Bank.

The bank filed a foreclosure action against Faulk in Broward County because it claims the former St. Louis Rams running back quit paying the $112,000 note on his Pompano Beach condo.

Thing is: County records show the bank’s too late!

The HOA in Faulk’s high-rise already owns the joint after it liened Faulk when he allegedly stopped paying the maintenance fees.

Faulk was unavailable for a comment, a spokesperson said.

• Great opportunity to have an Atlantic Avenue location for a fraction of the price!
• Access directly from Atlantic Avenue!
• This 5,500 SF restaurant space is beautifully built out and fully equipped, just add your staff and open the doors! Large outdoor patio to host events and large parties.
• Rent—$6,000/month Gross plus utilities
• This is a once-in-a-lifetime opportunity!
• Atlantic Avenue has become the premier location for restaurants/bars in Palm Beach County and is showing no signs of slowing for years to come.

Asking $95,000 Key Money

VERY CONFIDENTIAL, MUST CALL & SIGN NDA

• 5,000 SF Greek Restaurant on 1.1 Acres on Federal Highway in Boca Raton.
• Seating for 250 Guests
• 71 Parking Spaces
• Beautifully built and decorated Restaurant/Bar with exposed show kitchen and large wrap around patio.
• Rent—$18,000/month Gross if business is purchased without property.

Asking $2.5 Million ($500,000 for Biz, $2M for property)

Contact Tom Prakas
P: 561.368.0003

C: 561-929-0111

F: 561.368.4303

E-mail: tom@prakascompany.com

1800 NW 1st Court

Boca Raton, FL 33432

Great opportunity to own one of Atlantic Avenue’s best locations.
This 5000 SF restaurant/bar was completely renovated in 2010 and is ready for a new operator with a fresh concept.
Seating for 170 Guests
Rent—$16,500/month Gross
Lease—12 years
Atlantic Avenue has become the premier location for restaurants/bars in Palm Beach County and is showing no signs of slowing for years to come. Get your spot on the Ave now before its too late!

$795,000

Contact:
Christian Prakas

P: 561.368.0003
C: 561-929-7999
F: 561.368.4303

E-mail: christian@prakascompany.com

1800 NW 1st Court
Boca Raton, FL 33432

We are pleased to present you with this Restaurant Space For Lease

This great Restaurant Ready Space is located in one of the highest visibility Office High-Rise in Downtown Ft Lauderdale! Located in the Wells Fargo Building at the corner of Andrews Avenue and Broward Boulevard.

Space Available:2,872 SF
Rental Rate:$16 /SF/YearSpace
Type:Restaurant
Lease Type:NNN
Date Available:Jan 2012
$16 /SF/Year

Description
This space is restuarant ready and already has grease traps, walk in cooler/freezer, and hood/ansul system. Beautiful High-Rise Office Tower in Downtown Ft Lauderdale with aggressive plans to be one of Ft Lauderdales premier office buildings.

Bar Louie just inked a deal to lease 200 Clematis, a space formerly occupied by Cafe Mediterraneo and, before that, by Pescatore restaurant. The two-story corner property sits right by the fountain and the newly opened view to the Intracoastal Waterway. It has been vacant for several years.

Boca Raton restaurant broker Tom Prakas put together the deal, along with CB Richard Ellis. The casual American restaurant is set to open after an extensive rehab, Prakas said.

Prakas said Bar Louie officials believe Clematis Street is enjoying a revival “and they feel good about the location and the fact that they can see the waterfront.”

Bar Louie briefly had a location at CityPlace, near Blue Martini, but the eatery closed not too long after it opened in 2008. The Texas-based chain still has a location in Boynton Beach, in the Renaissance Commons shopping center.

On its website, Bar Louie describes itself as a “casually cool neighborhood restaurant and bar.”

A Bar Louie manager at the Boynton Beach location said the restaurant hopes to be open by March.

***

Since Thanksgiving, Boca Raton real estate firm Mizner Grande Realty has been doing major damage control, hoping to quell the fallout from the disappearance of about $1.3 million in escrow money being held by an outside attorney on behalf of about two dozen Mizner Grande clients.

This month, Mizner Grande sued a former agent, Jon D. Rashotsky, claiming he stole the money, according to a lawsuit filed in Palm Beach County Circuit Court.

The scandal has been the talk of the real estate community. It’s also a stark reminder that no matter how much scrutiny the industry has received since the crash, there are no guarantees when large amounts of money get moved around.

Back in November, Mizner Grande issued a pre-emptive press release, announcing it had fired Rashotsky for “improper disbursements.”

The 10-year-old firm also said it was developing a better plan to monitor escrow money and prevent “any future improprieties.”

Right before Thanksgiving, Mizner Grande owner Ari Albinder said he heard from a client that his deposit was missing and no one could reach Rashotsky. “I was shocked and floored. I couldn’t believe what I was hearing,” Albinder said.

In its lawsuit, Mizner Grande accuses Rashotksy of “scheming” to steal the escrow money by giving instruction to Boca Raton attorney Edgar Benes to disburse the money, which is unaccounted for. The lawsuit alleges fraud and breach of contract.

Albinder said the money had gone to “unauthorized parties,” but he did not say who they were. Normally, deposits cannot be released without signatures of the parties involved in the transaction, such as buyer and seller.

A Delray Beach police spokeswoman said an investigation is ongoing. Rashotsky could not be reached for comment.

Now at least one client is putting the blame squarely at the feet of Mizner Grande, as well as the lawyer who was responsible for safeguarding the money.

Jamie Fischer of Boca Raton alleges in his own lawsuit that Mizner Grande failed to conduct “an appropriate investigation” of Rashotsky before it hired him as an independent agent, resulting in the theft of Fischer’s $120,000 that was to serve as a down payment on a Delray Beach condo.

The lawsuit doesn’t specify what that investigation might have found, but it does say that a check would have revealed Rashotsky’s “unsuitability.”

Stephen Padula, an attorney for Fischer, said Mizner Grande is trying to deflect blame away from itself by suing Rashotsky.

But Albinder says the blame lies with its “rogue” agent, Rashotksy, and with Benes. Since Benes’ firm did the disbursements, Mizner Grande had no idea what was happening to its clients’ money, especially since Mizner Grande and Benes had no business affiliation, Albinder said.

Albinder said he has filed a Bar complaint against Benes, and a Florida Bar spokeswoman confirmed the Bar is investigating trust account violations involving Benes.

An attorney for Benes did not return a call seeking comment.

Albinder vowed to take “every legal measure to obtain the money back for victims.”

Mizner Grande attorney Tom Graner said some victims are assigning their losses to Mizner Grande, which will allow Mizner Grande to pursue Benes for the losses, with Mizner Grande footing the legal bill.