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$700,000
Est. payment /mo
6,961 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 6,961 sqft
Price per Sqft $100
MLS Listing ID A12068885
HOA Y/N No
Year Built 2001
Annual Tax Amount $35,890
Property Description
Gorgeous, fully built-out 258-seat restaurant offering approximately 6,961 square feet of versatile hospitality space, featuring two bars, two distinct dining areas, and a separate speakeasy-style lounge.
The restaurant features a welcoming front dining room designed for traditional lunch and dinner service, along with a spacious back dining and event room accommodating approximately 150 guests. The back dining room includes a dedicated stage for live music and entertainment and also provides an excellent setting for private dining, corporate functions, networking events, birthdays, anniversaries, wedding celebrations, community gatherings, and other special events.
The property also features a distinctive speakeasy-style lounge with its own private bar, intimate seating, custom lighting, and a cozy, upscale atmosphere. Accessible through a concealed bookshelf-style entrance, the lounge can operate during regular restaurant hours as an additional guest experience or be reserved independently for private gatherings and special events.
The site includes four guest restrooms, with two conveniently serving the front dining and lounge areas and two located within the rear dining and event space.
The approximately 6,961-square-foot facility also offers convenient complimentary parking in both the front and rear of the property.
Located directly along University Drive, the restaurant is positioned within an active and continuing-growth corridor surrounded by residential communities, businesses, healthcare, higher education, and expanding retail and dining development.
The versatility of the operation provides multiple potential revenue channels, including lunch and dinner service, private dining, catered events, corporate and community functions, live music/entertainment, and private lounge reservations.
This is a unique opportunity for a new operator to acquire an established restaurant with an extensive existing build-out while retaining the flexibility to continue the current concept or introduce a new vision.
About the Business
Years in Operation:
Approximately 3½ years
Employees:
Approximately 20 employees, consisting of a combination of full-time and part-time staff.
Franchise:
No. Independently owned and operated family restaurant.
Facilities & Assets
The restaurant features an extensive commercial food-and-beverage infrastructure designed to accommodate both traditional restaurant operations and private events.
The full commercial kitchen includes approximately 20 feet of hood space, two fryers, two grills, a walk-in cooler, and freezer, along with dedicated locked liquor storage and secured dry-storage and inventory areas.
The facility is also equipped with a comprehensive security camera system, professional sound system, DJ station, custom lighting, stage, and entertainment infrastructure.
One of the property's most distinctive features is its separate speakeasy-style lounge, accessed through a concealed bookshelf-style entrance. The lounge features its own private bar, intimate seating, atmospheric lighting, and an upscale setting inspired by the character and exclusivity of the Prohibition or sleek modern era.
The lounge can complement normal restaurant operations or function independently for private gatherings and special events.
Combined, the main restaurant, rear dining and event space, commercial kitchen, two bars, entertainment infrastructure, and private lounge provide a future operator with considerable flexibility to create multiple guest experiences and revenue opportunities within one facility.
Market Outlook / Competition
The restaurant occupies a highly visible location along the University Drive corridor in an area experiencing continued residential, commercial, healthcare, educational, retail, and dining development.
The property is positioned near established and developing residential communities, major employment centers, Nova Southeastern University, Broward College, HCA Florida University Hospital, Memorial Hospital, and a growing collection of surrounding restaurants, retailers, and businesses.
This combination creates a diverse built-in audience consisting of local residents, families, professionals, healthcare employees, university personnel and students, nearby businesses, and visitors to the area.
The surrounding corridor continues to attract investment and development, strengthening consumer traffic and the area's long-term potential.
The restaurant's versatility further distinguishes the operation by offering several hospitality experiences under one roof: traditional restaurant dining, private dining, live music/entertainment, corporate and community functions, catered special events, and an intimate speakeasy-style lounge.
Opportunities for Continued Growth
The business provides substantial opportunities for a new owner to build upon the existing operation and infrastructure.
Continued residential and commercial development throughout the surrounding University Drive corridor is bringing additional families, professionals, businesses, healthcare employees, university-related traffic, and consumers into the immediate market.
The restaurant is well positioned to serve both lunch and dinner crowds, including employees from surrounding businesses and institutions as well as residents from nearby communities.
A new operator can further capitalize on the property's multiple revenue-producing spaces by developing private dining, corporate events, community and networking functions, catered events, wedding and anniversary celebrations, live music/entertainment, and private speakeasy lounge reservations, while continuing to grow traditional restaurant operations.
With an established commercial kitchen, two bars, multiple dining and event spaces, entertainment infrastructure, parking, and a distinctive private lounge already in place, the property provides a substantial foundation for continued growth under new ownership.
The restaurant features a welcoming front dining room designed for traditional lunch and dinner service, along with a spacious back dining and event room accommodating approximately 150 guests. The back dining room includes a dedicated stage for live music and entertainment and also provides an excellent setting for private dining, corporate functions, networking events, birthdays, anniversaries, wedding celebrations, community gatherings, and other special events.
The property also features a distinctive speakeasy-style lounge with its own private bar, intimate seating, custom lighting, and a cozy, upscale atmosphere. Accessible through a concealed bookshelf-style entrance, the lounge can operate during regular restaurant hours as an additional guest experience or be reserved independently for private gatherings and special events.
The site includes four guest restrooms, with two conveniently serving the front dining and lounge areas and two located within the rear dining and event space.
The approximately 6,961-square-foot facility also offers convenient complimentary parking in both the front and rear of the property.
Located directly along University Drive, the restaurant is positioned within an active and continuing-growth corridor surrounded by residential communities, businesses, healthcare, higher education, and expanding retail and dining development.
The versatility of the operation provides multiple potential revenue channels, including lunch and dinner service, private dining, catered events, corporate and community functions, live music/entertainment, and private lounge reservations.
This is a unique opportunity for a new operator to acquire an established restaurant with an extensive existing build-out while retaining the flexibility to continue the current concept or introduce a new vision.
About the Business
Years in Operation:
Approximately 3½ years
Employees:
Approximately 20 employees, consisting of a combination of full-time and part-time staff.
Franchise:
No. Independently owned and operated family restaurant.
Facilities & Assets
The restaurant features an extensive commercial food-and-beverage infrastructure designed to accommodate both traditional restaurant operations and private events.
The full commercial kitchen includes approximately 20 feet of hood space, two fryers, two grills, a walk-in cooler, and freezer, along with dedicated locked liquor storage and secured dry-storage and inventory areas.
The facility is also equipped with a comprehensive security camera system, professional sound system, DJ station, custom lighting, stage, and entertainment infrastructure.
One of the property's most distinctive features is its separate speakeasy-style lounge, accessed through a concealed bookshelf-style entrance. The lounge features its own private bar, intimate seating, atmospheric lighting, and an upscale setting inspired by the character and exclusivity of the Prohibition or sleek modern era.
The lounge can complement normal restaurant operations or function independently for private gatherings and special events.
Combined, the main restaurant, rear dining and event space, commercial kitchen, two bars, entertainment infrastructure, and private lounge provide a future operator with considerable flexibility to create multiple guest experiences and revenue opportunities within one facility.
Market Outlook / Competition
The restaurant occupies a highly visible location along the University Drive corridor in an area experiencing continued residential, commercial, healthcare, educational, retail, and dining development.
The property is positioned near established and developing residential communities, major employment centers, Nova Southeastern University, Broward College, HCA Florida University Hospital, Memorial Hospital, and a growing collection of surrounding restaurants, retailers, and businesses.
This combination creates a diverse built-in audience consisting of local residents, families, professionals, healthcare employees, university personnel and students, nearby businesses, and visitors to the area.
The surrounding corridor continues to attract investment and development, strengthening consumer traffic and the area's long-term potential.
The restaurant's versatility further distinguishes the operation by offering several hospitality experiences under one roof: traditional restaurant dining, private dining, live music/entertainment, corporate and community functions, catered special events, and an intimate speakeasy-style lounge.
Opportunities for Continued Growth
The business provides substantial opportunities for a new owner to build upon the existing operation and infrastructure.
Continued residential and commercial development throughout the surrounding University Drive corridor is bringing additional families, professionals, businesses, healthcare employees, university-related traffic, and consumers into the immediate market.
The restaurant is well positioned to serve both lunch and dinner crowds, including employees from surrounding businesses and institutions as well as residents from nearby communities.
A new operator can further capitalize on the property's multiple revenue-producing spaces by developing private dining, corporate events, community and networking functions, catered events, wedding and anniversary celebrations, live music/entertainment, and private speakeasy lounge reservations, while continuing to grow traditional restaurant operations.
With an established commercial kitchen, two bars, multiple dining and event spaces, entertainment infrastructure, parking, and a distinctive private lounge already in place, the property provides a substantial foundation for continued growth under new ownership.
Location
State FL
County Broward
Area 3390
Zoning B-2
Interior
Heating Central, Electric
Cooling Central Air
Flooring Concrete
Exterior
Roof Type Other
Private Pool Yes
Building
Sewer Public Sewer
Water Public
Structure Type Block
Others
Tax ID 514103520024
Security Features Smoke Detector(s),Security Lights
Acceptable Financing Cash
Listing Terms Cash
Virtual Tour https://www.propertypanorama.com/instaview/mia/A12068885
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Listed by REF Realty Inc
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