0 Italian Restaurant For Sale In Lauderdale By The Sea - LocationFort Lauderdale, FL 33308
- Retail properties
- 1,550 SF
Property Details for 0 Italian Restaurant For Sale In Lauderdale By The Sea - Location
- Year built
- 2013
- Property size (Sq ft)
- 1,550 SF
- Property type
- Retail properties
- Property subtype
- Other retail properties
Description
This thriving Italian restaurant, established in 2013, presents a fantastic investment opportunity in Lauderdale-by-the-Sea, Florida. Boasting 1,550 square feet of indoor space plus a 400-square-foot patio, this well-maintained establishment comfortably seats 40 guests inside and 16 outdoors. The restaurant enjoys excellent visibility from its beachfront road location, attracting both locals and tourists. The current owners, a husband-and-wife team, have operated the restaurant since its inception, generating $360,000 in gross revenue in 2023, resulting in a net profit of $76,489 while operating only six nights a week for dinner. The fully equipped commercial kitchen features a 14-foot exhaust hood, an inground grease trap, a double-stacked pizza oven, and all necessary equipment, including a dough mixer, pasta maker, and refrigeration. The current lease, with a monthly rent of $4,400 (including CAMs and taxes), extends until July 30, 2029. The menu, featuring fresh pasta and pizza, will be transferred to the new owner, along with two weeks of on-site training from the current owners. Significant growth potential exists by expanding hours to include lunch service and implementing delivery options. The restaurant's prime location, near numerous hotels and motels, and its proximity to a coral reef, ensures a steady stream of customers throughout the year. This is a turnkey operation ready for immediate success or expansion.
Location Insight
- City
- Fort Lauderdale
- County
- Broward
- State
- Florida
- Latitude
- 26.1898
- Longitude
- -80.1038
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