Italian Restaurant For Sale In Lauderdale By The Sea - Location Fort Lauderdale, FL 33308

Property Details for 0 Italian Restaurant For Sale In Lauderdale By The Sea - Location

Year built

2013

Property size

1,550 SF

Property type

Retail properties

Property subtype

Restaurants

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

Longitude

-80.1038

Latitude

26.1898