Ideal Fort Lauderdale By The Sea – Turn Key Restaurant & Bar

Description

Prakas & Co is proud to announce this confidential sale of an exciting opportunity for an established restaurant and bar with a huge wrap-around patio seating area, indoor/outdoor bar, and stunning ocean views from both the bar and dining room.

This is a 3,000 SF Restaurant & Bar under air + all patio seating.

Located in a desirable beachfront location, this property is leased for 15 years with 3 five-year options, and the rent is currently $32k a month all-inclusive. The current tenants have invested significantly in building a brand new infrastructure after converting a retail surf shop into a thriving restaurant and bar.

To maintain confidentiality, interested parties must register as buyers and sign our standard non-disclosure agreement before any information on the business location can be released.

This business / assets / lease / location is being offered for sale at $3,400,000,

In its first year of operation, the business is expected to achieve $5.1m in sales, with a net profit of $750k-$1m. The surrounding area boasts other high-performing restaurants and bars.

Again to find more information please contact our office and send a signed nondisclosure agreement to us.

Thank you.

• Lease: 25
• Year built: 2022
• Infrastructure Included: Yes
• Years in Business: 1