Waterfront Restaurant for Sale on Las Olas Blvd - Below Market Rent

Broward County Asian/Sushi Restaurant for Sale in Fort Lauderdale, on Las Olas Blvd., is absentee run and a great investment. Just added 4COP liquor license to best location in Broward County. Seller is Very Motivated so let's make a deal.

The restaurant for sale had sales in 2018 in excess of $ 1.4 Million.  The newly acquired 4COP liquor license will surly add sales and profits to this already successful restaurant with owner benefits of more than $200,000. Sales and profits have been consistent year in and year out for this Asian eatery located on one of the most desirable streets in Broward County. This Thai/Sushi restaurant is one of only two restaurant on Las Ols Blvd. that has a waterfront patio. The restaurant is a top rated restaurant on Yelp, Google, Trip Advisor, Open Table, and Zagat. 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. There is huge room for continued sales increases as new residential development is being constructed in the area. If you are looking for a location with high foot traffic and year-round business, this is the Broward County space for you. The restaurant will qualify for an e-2 Visa.

This is an opportunity to buy a restaurant for sale that is producing strong top-line sales and bottom line numbers. the purchase price is for less than the original build-out and you get an already established and very profitable restaurant that will provide you an income on day one. The business has been absentee run for the last few years. The restaurant for sale is fully-staffed and has management in place to continue the growth. The concept has been in existence for ten years and has been guided by the same ownership since its inception, a rare find by the restaurant brokers. This is perfect as an investment or for a hands-on operator who can better control costs and drive more sales with an ownership presence. The restaurant will qualify for an e-2 Visa.

The restaurant for sale has a location that is one of a kind. Occupying 2,400 square feet with seating for 59 guests indoors and another 1,000 square feet available on the outdoor patio overlooking the water that has seating for an additional 50 guests. The rent for this location is $12,437 including all CAMS and taxes. The CAMS include water and trash. The rent is well below market rent.
 
The restaurant for sale features a fully equipped commercial kitchen. The kitchen features a long hood, wok cookers, six-eye-burners with stoves, char-broilers, fryers, stock pot ranges, ice machines, commercial refrigeration and freezers, and much more. The front of the house features state of the art POS systems, sushi cases, and security cameras. The outdoor patio is on the water and has six large heaters for chilly south Florida evenings.
 
The menu at this restaurant for sale has been developed over time by the owners and chefs. It features the finest Sushi and Thai cuisine in south Florida. The business features a 4COP license that allows it to sell liquor, beer, wine, and the very popular and profitable sake. There are lunch specials available. All recipes will transfer with the sale and the dedicated staff will remain to insure steady growth.

Please click on the tab below to easily acknowledge confidentiality on this Restaurant for Sale. For many business opportunities, you will immediately receive the name, address, photos and most recent financials.If you have any questions, please contact Certified Restaurant Broker Ken Eisenband at (561) 350-3365

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Listing

  • Listing#: 6745
  • Price: $399000
  • Location: Fort Lauderdale
Lease Term: Expires March 2024 plus five year option
Monthly Rent: $12437
Indoor Seating: 59
Inside Sq. Ft: 2400
Hood System: Yes
Neighboring Businesses: Restaurants, Upscale Boutiques, Service Providers
Hours Open: Sunday thru Thursday 12 pm - 10:15 pm, Friday and Saturday 12 pm - 11:15 pm
# of Part-Time Employees: 7
# of Full-Time Employees: 15
Net Sales: $1637913.00
Owner Benefit: $222797

Features

  • Annual Sale in Excess of $1,400,000 in 2018
  • Located on Las Olas Blvd. - Most desirable location in Broward County
  • Rent of Less than $13,000 is below market for this area
  • Absentee Run with Management and Staff in Place
  • Owners Benefit in excess of $200,000.
  • Will Qualify for E-2 Visa
  • 4COP full Liquor License in Place
  • Restaurant for sale