Las Olas Restaurant for Sale - 4COP SFS LICENSE IN PLACE

Fort Lauderdale, FL

Seller Financing Available

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Asking Price:$695,000
Rent:$11,159/Month
Gross Revenue:$750,000
BUSINESS DESCRIPTION

Las Olas Restaurant for Sale - 4COP SFS LICENSE IN PLACE

This Restaurant for Sale in located in the heart Las Olas Blvd. Located on the most popular street in Fort Lauderdale this restaurant has recently been remodeled and is ready for a new owner. The restaurant features the best lease on the Boulevard. 4COP SFS license can transfer!
The Restaurant for Sale has recently been remodeled. Guests can enjoy dining in a relaxed atmosphere and can chose from cozy indoor seating, waterside under the stars dining, relax in the patio lounge or dine and mingle at the intimate bar. The restaurant has a 4COP SFS liquor license. This means the Liquor, beer, or wine can be offered. The current concept is Seafood and is chef-driven with local and seasonal offerings. Keep the current concept (with name change) or convert to your own. Contact We Sell Restaurants to start your path to ownership today!
The Restaurant for Sale has a location that is one of a kind. Occupying 1,771 square feet indoors and 1,586 square feet outdoors with seating for 40 guests indoors and 85 outdoors. There is also a 300 square foot air-conditioned storage area. The rent is the best on Las Olas. The monthly rent is only $11,159! WHAT A DEAL. The lease expires on March 1, 2030, and there are two five-year options attached. Lock in the best deal in Fort Lauderdale until 2040! The Restaurant for Sale features a fully equipped commercial kitchen. The kitchen features a 15-foot exhaust hood, six-eye-burners with stoves, four eye-burner/flat top/ two oven combo unit, char-broilers, two fryers, convection oven, two ice machines, walk-in cooler, walk-in freezer and much more. The front of the house features state of the art POS systems, fully equipped bar, comfortable indoor and outdoor dining, and security cameras.The Las Olas business district is known as the heart and soul of Fort Lauderdale. The district is famous for its sidewalk cafés, boutiques, unique architecture, and swaying palm and olive trees. The Las Olas business district is home to more than 30 restaurants, 75 boutiques, 12 art galleries, historic hotels, and luxury home and yacht rentals. If you are looking for a location with high foot traffic and year-round business, this is the Broward County space for you. Fort Lauderdale receives more than 10 million tourists annually. The number of guests enjoying a stroll on the boulevard or an evening of dining out and entertainment has increased by 29% since 2017. The resident population in downtown Fort Lauderdale has increased by 31% in the same period. There have been numerous new hotels and high-rise residences constructed that have propelled the increase of business in the area. If you want your restaurant to be in the most desirable location in Broward County, this Restaurant for Sale is for you.
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DETAILED INFORMATION
Location
Fort Lauderdale, FL
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
1,771
Lease Expiration
01/03/2030
Employees
16
Facilities
OUTSIDE 5 umbrellas 17 two top tables 33 chairs 3 high top tables 12 stools 5 gray chairs 4 heaters 4 cushioned chairs 2 love seats coffee table television INSIDE 7 bar stools 3 high top tables 9 brown bar stools 16 tables 32 chairs TOAST POS speed well with ice bin glass washer keg box with four taps food dehydrator refrigerated cold table top unit 2 ice machines orange juicer espresso machine vacuum packer BUNN Frozen drink dispenser double 2 glass door low boy coolers television dish machine low boy cooler assorted pots and pans and utensils 2 prep tables convection oven six eye burner with oven four eye burner flat top 2 oven combo unit two door pizza cooler char broiler 2 fryers two drawer sandwich cooler walk in cooler walk in freezer
Competition
Great location on most popular avenue in Fort Lauderdale. Best outdoor seating in the area.
Growth & Expansion
Downtown Fort Lauderdale has seen a population growth of 31% in the last five years. Tourism has grown by 29%. As these trends continue sales and profits will rise.
Support & Training
Two weeks of training is included with purchase for no compensation
Reason for Selling
Other
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Ken
Eisenband
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Ken Eisenband