948 62Nd St, Fort Lauderdale, FL 33334
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.
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Cabo Blanco Restaurant Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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