For Sale
$160,000

948 62Nd St Fort Lauderdale, FL 33334

Established Peruvian Restaurant, Turnkey Opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
135
This established Peruvian restaurant, Cabo Blanco, located at 948 NE 62nd St, Fort Lauderdale, FL 33334, presents a fantastic turnkey opportunity. Built in 1982, this retail property is priced at $160,000. The restaurant boasts a fully equipped kitchen featuring a double hood, dishwashing station, grease trap, and a complete fire suppression system. A bar is also included, offering wine and beer service. With a seating capacity of 110, Cabo Blanco has consistently generated annual revenue between $550,000 and $650,000. This well-established business benefits from its location in Broward County and is part of a larger restaurant group with additional locations throughout the county. The property is ready for immediate operation, making it an ideal investment for a seasoned restaurateur or a new entrepreneur looking to enter the thriving Fort Lauderdale food scene. This is a rare opportunity to acquire a profitable, established business with significant potential for growth. The property's strong financial history and existing infrastructure make it a compelling investment prospect.

Highlights

  • $160,000 asking price.
  • Fort Lauderdale, FL retail property.
  • Restaurant space, 110 seats.
  • Established Peruvian restaurant, operating since 2002.
  • Full kitchen with double hood, dishwasher, grease trap, and fire suppression system.
  • Bar with wine and beer service.

Property Details for 948 62Nd St

Property type
Retail properties, Restaurants
Year Built
1982

Location Insight

City
Fort Lauderdale
County
Broward
State
Florida
Latitude
26.203042
Longitude
-80.1335901

FAQs

What type of property is this?
Retail property - Established Peruvian Restaurant, Turnkey Opportunity.
Where is the retail property located?
The property is located at 948 62Nd St Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $160,000.
What are key features of this property?
This property features: $160,000 asking price.; Fort Lauderdale, FL retail property.; Restaurant space, 110 seats.
How can I contact the broker?
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948 62Nd St
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