American Restaurant and Bar For Sale – Fort Lauderdale, Florida
American Restaurant and Bar For Sale in Fort Lauderdale, Florida for $170,999! Asset sale. This is a great opportunity to purchase a fully built out, newly renovated and fully operating restaurant and bar. Includes restaurant furniture and equipment. There is seating for 103 inside. Live entertainment and dancing are available every night. This restaurant is located on a busy thoroughfare surrounded by other restaurants and offices. There is a loyal customer base and the restaurant has received positive reviews. This restaurant can also be purchased with a full liquor license for an additional $150k (total price $320,999) or a SRX liquor license for less.
Frequently Asked Questions:
What is the current gross revenue for this restaurant?
This is an asset sale. The space has been built out to accommodate and operate as an American Restaurant and Bar.
How does the restaurant profit?
Current profits are generated from the gross revenue, minus food purchases, payroll, supplies, and operating expenses. This will determine your net/cash flow.
Can I finance this restaurant?
There is no seller financing. This business may qualify for a business or SBA loan. If more financing is needed you can review additional Financing Options Here.
What are my expenses and overhead for a restaurant business?
Expenses will vary for each restaurant owner depending on the type of restaurant, number of employees, and location. Current expenses for this owner include: payroll, payroll taxes, workers compensation, advertising, supplies, food, utilities, property rental fees, permits and licenses, phone, and insurance.
What type of insurance do I need?
In most cases restaurant owners will need a minimum of the following insurance policies: business liability, worker’s compensation and business property insurance. Restaurants For Sale now offers discounts on insurance! Through our size and volume, we have partnered with some of the largest insurance brokers in the nation to offer the best rates. Request Your Free Insurance Quote Here.
Is the restaurant property owned or leased?
Currently the owner leases the property. Lease terms remain for 4 years and are very low for the area. New owner must be approved by the landlord. Note: New buyer will negotiate and sign lease terms with the property owner.
Where is the restaurant located?
Located in Fort Lauderdale, Florida. Physical address will be released to qualified buyers upon execution of an NDA.
What type of equipment is included with the sale?
Current list of equipment includes: all new HVAC and kitchen equipment, all new furniture, and more. Estimated value is $140,000.
What size is the restaurant and how many customers can it seat?
Restaurant is 2,580 sq. ft. and seats 103 inside.
Does the restaurant currently have a beer or liquor license?
No, there is no liquor license included with this sale. However, the restaurant can be purchased with the liquor license for an additional $150,000.
Does the restaurant offer drive-thru or delivery service?
There is no drive-thru but a delivery service is offered.
How long has the seller owned the restaurant?
Seller has owned this restaurant for less than 1 year.
Why is the owner selling?
Owner is selling to pursue other business opportunities.
What are the hours of operation?
This restaurant is operated from 5:00pm – 12:30am Monday through Thursday, 5:00pm – 2:30am Friday and Saturday, and 11:00am – 12:30am on Sunday.
What type of neighboring business are in the area?
Neighboring properties are a mix of restaurants and offices.
What do you recommend when purchasing a business?
When purchasing this type of business we recommend forming some type of entity such as an LLC or Corporation to do business under. This not only offer protection for your personal assets, but also ensures protection of your business. If you need help forming this, we recommend that you Form A Corporation Here.
What else should I know?
Opportunity to purchase a fully built out and newly renovated restaurant and bar in a great location. Restaurant has a loyal clientele and positive reviews. Includes all equipment. Plenty of opportunity to increase revenue. Priced at $170,999. For additional information and to evaluate this business further Contact Us About This Restaurant Here!
Disclaimer: Restaurants For Sale is a Restaurant Broker that brings buyers and sellers together. Restaurants For Sale does not represent, or is not affiliated with the company or franchise being offered. All agreements are made between the buyer and seller and not Restaurants For Sale. It is the prospective Buyer’s duty and obligation to verify the accuracy of the Seller’s representations and if necessary retain attorneys, accountants, business appraisers, or other professionals. The representation of income is based on the efforts of the current owner. As with any business you can make more or less.