Established Restaurant Landmark with Strong Community Presence
Listing Details
- Down Payment: $699,000
- Sales: $2,100,000
- Seller's Discretionary Earnings: $229,000
- Inventory: $20,000
- Furniture, Fixtures, and Equipment: $400,000
- Rent: $30,000
- Employees: 26
- Year Established: 2024
- Reason for Selling: Other Business Interest
Business Description
An exceptional opportunity for an accomplished restaurateur or established multi-unit restaurant group to acquire a thriving, full-service restaurant and bar in Fort Lauderdale’s highly desirable Las Olas dining corridor. Recently renovated and generating approximately $2 million in annual gross sales, this well-established restaurant offers a fully staffed operation, an established customer base, and a comprehensive restaurant infrastructure. With its prime location, substantial operating capacity, and existing revenue base, the business presents an attractive opportunity for an experienced operator to enhance profitability, expand revenue streams, and introduce new or complementary hospitality concepts.
A TURNKEY PLATFORM WITH SIGNIFICANT POTENTIAL - Recently refurbished inside and out, the restaurant features:
- Prime Las Olas location with below market lease being offered in a sought-after dining and entertainment district.
- Over 150 indoor and outdoor seats, offering substantial dining capacity.
- Approximately 4,600 square feet of restaurant space.
- Fully equipped commercial kitchen, including an extensive exhaust hood system, walk-in refrigeration and freezer, grease trap, preparation equipment, and storage.
- Fully staffed operation, currently operating under absentee ownership.
- Multiple revenue opportunities, including expanded food and beverage offerings, operational efficiencies, catering, private events, 4COP SRX license and potential complementary concepts, subject to applicable approvals.
THE RIGHT OPERATOR CAN MAKE THE DIFFERENCE - This opportunity is ideally suited for an experienced, hands-on restaurateur or established restaurant group with the operational expertise, financial resources, and vision to capitalize on an existing hospitality platform. The seller is seeking more than a financially capable buyer. The ideal candidate will bring a demonstrated history of successful restaurant operations, strong management capabilities, and a commitment to building long-term value.
CONFIDENTIAL ACQUISITION OPPORTUNITY - Inquiries are invited from financially qualified restaurant operators with verifiable industry experience. Detailed financial information will be made available during formal due diligence following execution of a nondisclosure agreement and an acceptable LOI or asset purchase agreement.