Pierce Vietnamese Restaurant For Sale Ft, Fort Pierce, FL 34949
This thriving Vietnamese restaurant in Fort Pierce, Florida, presents a unique investment opportunity. Located in a high-visibility spot within a well-maintained plaza, this 2,080-square-foot establishment boasts a fully equipped kitchen and a modern, attractive interior. The current owners are selling due to relocation and managing multiple businesses. The restaurant features a 10-year lease with options to renew, providing long-term stability. The impressive kitchen is equipped with a 20-foot stainless steel hood, four-fryer setup, multiple burners (including large pot burners), a wok station, oven, walk-in cooler, ice machine, and a Touch Bistro POS system, along with ample smallwares. The restaurant has a seating capacity for 43 patrons and also includes a small retail area with expansion potential. The business enjoys strong customer reviews averaging over 4.5 stars and generated a gross revenue of $435,000. The current lease is for $7,000 per month. Seven employees are currently on staff. The restaurant benefits from ample parking and a favorable tenant mix within the plaza. This turnkey operation is ready for a new owner to step in and capitalize on the established brand and growing popularity of Vietnamese cuisine, including the potential for Boba Tea sales. The limited presence of Vietnamese restaurants in Fort Pierce offers a significant competitive advantage. This is a rare opportunity to acquire a profitable, well-established business with a long-term lease in a prime location. The sale includes all existing equipment and fixtures.
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
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Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.