Well Established Palm Beach County Steakhouse – FOR SALE – Free Standing – Incredible Location South Florida

$895,000
Sale
Property type: Restaurants

Amenities

  • Garage / Parking

Description

Specifications:

Gross Sales 2018: $1,440,000

Owner Comp: $260,000 gross profit

5,000 SF under air + patio + storage space

Rent: $9,600 (tax, cam, waste)ย 

Under valued 25 year Lease

Heavy traffic location, incredible street presence

Same ownership for many years. Looking to retire

Established 50 years.ย 

Attachments

Prakas & Co. CA

Contact the Agent

Athan โ€œTomโ€ Prakas is a Delray Beach resident and owner of Prakas & Co, Inc., a commercial real estate brokerage company specializing in restaurant, hospitality and commercial properties, headquartered in Boca Raton. Through his years of experience and remarkable vision for the industry, Prakas and his company continually make restaurant and real estate headlines, not only in South Florida but nationally. Originally from Portsmouth, Ohio, Prakas grew up in Columbus and has 30 yearsโ€™ experience in the restaurant, nightclub, and sports bar industry. He owned 27 popular establishments throughout Ohio, Georgia, and South Florida. โ€œI knew I wanted to be in the industry after I vacationed in Fort Lauderdale for spring break during college, and I even modeled one of my first nightclubs in Columbus, Ohio, after a nightclub in Fort Lauderdale,โ€ said Prakas. Prakas was recently selected by world-famous Chef Alan Susser to roll out Susserโ€™s new full-service gourmet…