000 Annually, Fort Lauderdale, FL 33316

Property Details for 000 Annually

Year built

1990

Property type

Retail properties & Spaces

Property subtype

Restaurants

Description

This thriving Fort Lauderdale pizzeria, operating for over 33 years, presents a unique investment opportunity. Boasting annual sales exceeding $1.5 million and a net owner-operator income of over $212,000, this well-established business is a proven money-maker. The 4,956 square foot, two-story space includes a fully equipped commercial kitchen designed for high volume, featuring four large pizza ovens, a six-eye burner with oven, flat-top grill, char-broiler, two fryers, and extensive commercial refrigeration. The restaurant comfortably seats 40 guests and offers dine-in, pick-up, and delivery services, utilizing both its own delivery drivers and third-party services. The current lease, expiring June 29, 2026, includes two five-year renewal options, and the monthly rent is less than 10% of gross sales. The business is fully staffed with 20 employees, allowing for absentee ownership. The current owner, who handles only administrative tasks, will provide two weeks of training at the time of sale. The sale includes a well-established website that facilitates online ordering. The menu features a wide variety of pizzas, Italian favorites, and other popular items, and the restaurant holds a 2COP license for beer and wine sales. This prime downtown Fort Lauderdale location, near a major hospital and surrounded by office buildings and apartments, ensures a consistent customer base, eliminating the need for advertising. The asking price is $495,000, with seller financing available to qualified buyers with a $300,000 down payment. This is a turnkey operation ready for a new owner to step in and continue its success.

Location Insight

City

Fort Lauderdale

County

Broward

State

Florida

Longitude

-80.1261

Latitude

26.0978