This Restaurant for Sale in located in the heart Las Olas Blvd. Located on the most popular street in Fort Lauderdale. The restaurant has a unique concept that is not duplicated in the area.  

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. 

The restaurant has a unique menu and atmosphere. The uniqueness of this restaurant makes it impossible to discuss without revealing the exact restaurant. Please contact the Restaurant Brokers for additional information about this restaurant’s food offerings. Guests can enjoy dining inside or out in a vibrant atmosphere. The restaurant occupies 980 square feet and seats 48 guests inside and another 14 outside. The decorations and wall art are all from the seller’s home country and add to the appeal of this restaurant. The lease expires on December 31, 2027. Monthly rent including all CAMS and taxes is $10,518. 

In 2023 the restaurant had sales of 619,244. In 2022 the restaurant achieved sales of $689,751. In 2021 the sales were $566,916. Seller’s discretionary earnings for the husband-and-wife team that operates this restaurant were $121,431 and $156,863 and $177,548 in 2023, 2022 and 2021, respectively. The husband runs the kitchen with assistance from team members. The husband is full-time and works approximately 50 hours per week. The wife works about 20 hours a week and handles the front of the house. During the high season the restaurant has four additional staff and during the rest of the year they operate with two employees. The restaurant features a low labor cost which enables high profits. The seller is offering two weeks of training at the time of sale.
 
The Restaurant for Sale features a kitchen and concept that does not require an exhaust hood. The restaurant features an electric convection oven for most of its preparation. The refrigeration is commercial grade and plentiful. The restaurant has a 2COP beer and wine license.
 

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