OCEANFRONT RESTAURANT & BAR ON POMPANO BEACH COAST
Seller:
Attn:
Bill Ciano
Location:
Pompano Beach, FL, USA
Listing Number:
27528054
Overview of the Business:
This is the ideal location for an experienced restaurant operator. There are two million people within half hour driving time plus another half million visitors desirous of dining on the Ocean. This restaurant has one of the more spectacular views of the ocean in Broward County. Very adequate parking and easy access makes this a no-brainer for an experienced restaurateur. There is a very large bar with great views, an oversized stage and a dance floor. Seating for about 150 including a separate room for private parties of up to 50 people. There is entertainment several nights a week which keeps liquor at about 50% of sales. If you produce a good meal at a fair price, they will come. The resort requires this establishment be a "Family Style Restaurant" which precludes anything risque but leaves the late night venue up to the operator. Seller is very motivated and is more than willing to work with a qualified buyer to make for a smooth transition.
Property Features and Assets:
4,000 sq. feet including a hotel quality kitchen and storage facilities. Several flat Plasma TV's have been recently added. The lease is approx.$ 7,000 per month for eight years with adjustments only for cost of living. Parking is ample with an extra lot across the street from the Resort.
Market Competition and Expansion:
Competition: Business is located on the Ocean with spectacular views in a Time-Share Resort with 113 units. Location is at the base of one of only two bridges across the Intercoastal in Pompano Beach.
Growth/Expansion: Restaurant currently features a Prime Rib special but does not have an extensive Menu. The waterfront location warrants a much broader menu with fresh fish at the least. An experienced restaurateur should easily do $3,000,000 per year here.
Additional Details:
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