Premier 2nd Gen Coral Gables Restaurant / Bar / Speakeasy Lounge – 2 floors – Amazing Space

Description

We are excited to share this opportunity with you in Coral Gables, a turnkey restaurant with a premium build-out, longterm lease and FF&E (furniture, fixtures, and equipment). Here are the updated details:

**This is a currently operating and open restaurant – Please do not disturb the staff **

For more information please click this link to sign our NDA (on Exhibit A Reference Levant Coral Gables)

https://eform.pandadoc.com/?eform=97949692-2d9a-4498-b8c2-c25863051d6e

• ASKING Sale Price: $550,000 for assets, lease, furniture, fixtures, and equipment

• Location: Levant Restaurant
• Address: 2415 Ponce de Leon Blvd., Coral Gables, FL 33134
• Size: 4,200 sq. ft. ground level + 1,000 sq. ft. mezzanine
• Property Facts:
  • Property Type: Retail
  • Gross Leasable Area: 4,364 sq. ft.
  • Property Subtype: Restaurant
  • Year Built: 1959
  • Premier Location: Located on the heavily trafficked Ponce De Leon Blvd. at the Miracle Mile
• Key Features:
  • Main Dining Area: Elegant space with seating for up to 120 guests, highlighted by artistic murals and luxurious custom furniture
  • Seating: 98 seats across two dining areas, with two wet bars (one per floor)
  • Mezzanine: Chic upstairs VIP lounge for private events with a full liquor bar
  • Other Spaces: Grand private dining room on the main floor
  • Kitchen: Top-tier, fully-equipped, state-of-the-art kitchen with a full hood and three walk-in coolers
  • Visibility: Prominent facade with excellent street visibility
  • Proximity: Neighboring tenants include Hillstone, The Cheesecake Factory, Bulla Gastrobar, Barnes & Noble, and more
• Parking: Street and valet parking are available, with a nearby city surface lot
• Lot Size:
  • Frontage: 25 feet
  • Depth: 107 feet
• Land Use Code: Classified as Restaurant
• Use Description: Restaurant or Cafeteria: Retail Outlet
• Lease Terms: 2.5 years left on the base term with one 5-year option. The current gross lease rate is $17,900 per month.
• Liquor License: The current 4COP license is not included, but the space qualifies for an SFS full liquor license upon application
• Kitchen Equipment: All owned and lien-free
• Concept Flexibility: Buyers have the option to keep the current concept or introduce their own concept and cuisine to the space
• Revenue Potential: Incredible annual revenue makes this an excellent opportunity for EB-5 Visa investors
• Investment Appeal: All fixtures and high-end furnishings are included, making this a premier, ready-to-operate investment for the discerning restaurateur
• Building Information:  freestanding, second-generation restaurant with excellent frontage and high visibility on Ponce De Leon Blvd. Built in 1959, the building is a two-story structure featuring two dining rooms and three walk-in coolers.

This is one of the most turnkey operations available in South Florida, perfectly suited for a restaurant, lounge, or nightclub operator looking to continue the current success or bring in their own vision.

• Size: 5200
• Lease: 15
• Infrastructure Included: Yes - Full Kitchen & Bar
• Zoning: Restaurant / Bar
• Concept Exclusion: ANY CONCEPT ALLOWED
• Years in Business: 4