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#4438
Broward

BEACHFRONT PROFITABLE BAR/RESTAURANT FOR SALE

$500,000
BEACHFRONT PROFITABLE BAR/RESTAURANT FOR SALE
This Listing is Expired

Reason for Sale:Career Change-Beachfront bar/restaurant w/ High profits in E. Ft Lauderdale. Move to Sunny S. Florida to live the lifestyle while enjoying entrepreneurship. Your daily work environment will be a drop dead view of the beach & the Atlantic Ocean. Landmark location in the heart of the tourist traffic. 8000 sq ft bar/restaurant with SRX liquor license. Open 7 days until 4AM. Owner benefit $400k +. Owner fin avail to qualified buyer. Video tour avail after disclosure. Visa qualifed with 45 W2 employees. Once in a lifetime opportunity ! Very rare to see such a high volume bar /restaurant available to the public.

This is a Murphy Business & Financial Services Inc listing.
Broker Russell Cohen DRE License #SL679527

Lease

Region:
Broward
Lease Term:
Expires 8/23/2029
Total Monthly Rent:
$27,800

Financials

Last Year's Annual Gross:
$2,121,402
Last Year's Owner's Cash Flow:
$196,206

Operations

# of Full-Time Employees:
6
# of Part-Time Employees:
45
Hours Open:
Open 7 days 11-4AM
Year Established:
66

Facilities

Indoor Seating:
200
Inside Sq. Ft.:
8,500

Highlights

  • BEACHFRONT PROFITABLE BAR/RESTAURANT FOR SALE

Financing

Down Payment:
$500,000
Will SBA Finance:
No
Will Seller Lend To Buyer:
No

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 12,835 78,842 213,415
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 5,390 35,652 84,594
2010 Persons Per Household 1.80 1.90 2.30
Median House Value $492,500 $312,911 $236,080
Income Per Household $59,833 $54,645 $47,274
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 1,599 5,983 9,740
2012 Number Of Employees 37,908 132,718 195,240
2012 Total Annual Payroll $753,395,000 $3,242,434,000 $4,294,967,295

click for more demographic info

Disclaimer

DISCLAIMER: The User (that's you reading this) of this Website understands that South Florida Business Broker Russell Cohen ("Broker") or its agent(s) do not audit or verify any above information given to or gathered by Broker or its agent(s) from Seller, our Client, or make any warranties or representations as to its accuracy or completeness of the information provided, nor in any way guarantee future business performance. The User should perform a complete and detailed due diligence on the business and or real estate before buying it in addition to seeking professional advice from an attorney as well as a CPA.  In some cases, foreward looking statements may have been made but these statements are absolutely no guarantees of future performance of the business as each User has differing skills sets to either grow the business or kill the business.  Owning a business is a risky venture, but can also be a rewarding one.  The User of this website is solely responsible to examine and investigate the Business and or real estate (if included in the sale), its assets, liabilities, financial statements, tax returns, and any other facts which might influence the User's purchase decision or the price the User is willing to pay. In most cases, the Broker represents the Seller who is our principal, but the Broker owes the User a duty of fair and honest dealings.  Any decision by User to purchase the Business shall be based solely on User's own investigation and the User's legal, tax, and other advisors and not that of Broker or its agent(s). Any listing information may change at any time without any notice to User and User should often review the listing on the website to keep up to date.


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