Asian Restaurant for Sale in Ft. Lauderdale – Sales of $1.7 Million

Contact Seller
Asian Restaurant for Sale in Ft. Lauderdale – Sales of $1.7 Million!
Asking Price:
$739,000

Gross Revenue:
$1,702,050
Cash Flow:
$271,044
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

Share this business:

Business Description

Broward County Asian Restaurant for Sale on Las Olas Blvd. is absentee run and a great investment. Eight years of goodwill, great reviews, and best location in Ft. Lauderdale make this a home run.

The restaurant for sale had sales in 2016 in excess of $ 1.7 Million with more than $270,000 in owners benefits. Sales and profits are consistent year in and year out for this Asian eatery located on the most desirable streets in Broward County. 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.

This is an opportunity to buy a restaurant for sale that is producing strong top-line sales and bottom line numbers. 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 nine 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 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 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 2COP license that allows it to sell 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.

About the Business

Year Established:
2010
Number of Employees:
15FT 7PT
Real Estate:
Leased
Building Sq. Ft.:
3,400
Lease Amount/Mo.:
$12,437.00
Lease Expiration:
3/1/2024
Facilities:
Host Stand
three door glass low boy cooler
2 refrigerated sushi cases
17 tables
25 chairs
2 booth seat
POS system
28 outdoor tables
71 outdoor chairs
station
4 large umbrellas
sectional outdoor couch
coffee table
6 outdoor heaters
utility cart
two door low boy cooler
three door low boy cooler
rice cooker
coffee brewer
coffee grinder
ice machine
table top steamer
rive maker
soup well
dish machine
three compartment sink
s/s shelving
2 prep tables
two station wok cooker
six eye burner with stove
char broiler
12 foot exhaust hood
two door sandwich cooler
microwave
candy stock pot burner
walk-in cooler
walk in freezer
pots, pans, utensils,smallwares
Website:
www.wesellrestaurants.com
Market Outlook/
Competition:
Restaurants, Upscale Boutiques, Service Providers
Contact the Seller

About the Sale

Reason For Selling:
Other
Training/Support:
Owner will Train for two weeks at no additional cost

Listing Info

ID:
1475838
Ad Detail Views:
1984

Contact the Seller
Please confirm you're not a robot
Contact the Seller
Business Listed by

Ken Eisenband

We Sell Restaurants
License# BK3249847

 Show Phone Number

View My 25 Active Listings
Sponsoring Broker:

Eric Gagnon
We Sell Restaurants
License# H49152

U.S. Census Data for Broward County, FL
Age

Gender

Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Broward County, FL
Income

Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


Similar Listings


Report an Issue The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms & Conditions.
;