1611 N Federal Hwy, Fort Lauderdale FL 33305,Fort Lauderdale,Broward County,Business Opportunity

$700,000

Overview

Description

Discover an incredible opportunity to own a thriving and well-established Cuban restaurant nestled in the heart of Fort Lauderdale. This culinary gem has been serving the community since 2005, delighting patrons with the rich flavors and vibrant culture of Cuba. The restaurant has untapped growth potential, with opportunities to expand catering services, explore partnerships, and enhance marketing efforts. The owners are now offering this successful venture for sale, presenting an ideal chance for a passionate entrepreneur to step into a turnkey operation and continue its legacy of excellence. FULL LIQUOR LICENSE

Address

Open on Google Maps

Address: Federal Hwy
City: Fort Lauderdale
State/county: Broward County
Zip/Postal Code: 33305

Details

Updated on January 3, 2024 at 12:44 pm

Price $700,000
Year Built 1980
Property Status Business Opportunity

Additional details

StreetDirPrefix N
PublicSurveyRange 49
ShowingInstructions 24 Hour Notice, Appointment Only, Call Listing Agent
CoListAgentDirectPhone 305-713-0401
SeatingCapacity 100
ListAgentKey 0d71ee6b760ba529d74f63aba66c7a15
InsuranceExpense 7000
TaxLegalDescription LAUDER-GATE 26-48 B LOT 8 LESS THE W 55 OF S 11.6 BLK 6
OnMarketDate 2023-12-29
ListAgentEmail mquintero@MQRGroup.com
ContractStatusChangeDate 2023-12-29
MajorChangeTimestamp 2024-01-02T22:06:38.890Z
Flooring Ceramic Floor
PhotosCount 28
SubAgencyCompensation $2500
Cooling Central Building A/C, Exhaust Fan
StatusChangeTimestamp 2024-01-02T22:06:38.890Z
SecurityFeatures Smoke Alarm, Security System
FinancialDataSource Owner May Show Books, Owner Provided
BuildingName Cubano's
NumberOfFullTimeEmployees 5
CoListOfficeName MQ Realty Group
PriceChangeTimestamp 2023-12-28T18:18:52.867Z
ListingKeyNumeric 389969765
MajorChangeType New
ListingContractDate 2023-12-29
CoListOfficeKey c77c95f17d24684ef624f3e64ca1b256
ListAOR A-Miami Association of REALTORS
TaxAnnualAmount 23121
ListOfficeName MQ Realty Group
OriginatingSystemKey miamire
BusinessType Restaurant, Bar/Tavern/Lounge
DualVariableCompensationYN no
PhotosChangeTimestamp 2024-01-02T22:09:01.617Z
RoadFrontageType City Street, County Road, Highway
OriginatingSystemName Miami Association of REALTORS®
ListOfficePhone 754-224-0794
MlsStatus Active
StreetNumber 1611
CoListOfficeMlsId MQRG01
ListingKey ec90e33b99b2b7700aaed06f539036fb
StateOrProvince FL
ShowingContactType Agent
CoListAgentEmail epatino@mqrgroup.com
FrontageLength 75
ListOfficeKey c77c95f17d24684ef624f3e64ca1b256
Directions From I95N take exit 29A to SR 838 Sunrise Blvd. Keep left onto N Federal Highway. Make a U-turn on NE 19th Street. The restaurant will be on the right.
BridgeModificationTimestamp 2024-01-03T07:57:32.567Z
ListAgentFullName Mauricio Quintero
Roof Other
ParkingTotal 30
ListAgentOfficePhone 754-224-0794
GrossIncome 780000
ParcelNumber 494236130720
ListingTerms All Cash, Cash
OperatingExpense 115000
SignOnPropertyYN no
OtherExpense 0
Possession Funding
CoListAgentOfficePhone 754-224-0794
OperatingExpenseIncludes Accounting/Legal, Advertising, Electricity, Fuel, Janitorial Service, Licenses, Miscellaneous, Other, Payroll
IDXParticipationYN yes
DistanceToFreewayNumeric 6
SpecialLicenses Beer/Wine, Liquor
InternetAddressDisplayYN yes
ListAgentMlsId 3026213
ModificationTimestamp 2024-01-03T04:00:37.327Z
BusinessName 1611 N Federal Highway
OriginatingSystemID miamire
DaysOnMarket 5
BuyerAgencyCompensationType %
NetOperatingIncome 272000
ListOfficeMlsId MQRG01
Inclusions Inventory, Leases, License, Business Only
ListAgentDirectPhone 754-224-0794
CoListAgentFullName Eric Patino
CoListAgentKey 38ff89c1d79ddf4294d48f24f538e87b
StreetNumberNumeric 1611
CoListAgentStateLicense 3464916
ParkingFeatures Free Parking, Guest, No Boats, Shared Parking
PostalCodePlus4 2528
Sewer Public Sanitation
SyndicationRemarks Discover an incredible opportunity to own a thriving and well-established Cuban restaurant nestled in the heart of Fort Lauderdale. This culinary gem has been serving the community since 2005, delighting patrons with the rich flavors and vibrant culture of Cuba. The restaurant has untapped growth potential, with opportunities to expand catering services, explore partnerships, and enhance marketing efforts. The owners are now offering this successful venture for sale, presenting an ideal chance for a passionate entrepreneur to step into a turnkey operation and continue its legacy of excellence. FULL LIQUOR LICENSE
Heating Central Building A/C, Exhaust Fan
StructureType Free Standing
ListAgentStateLicense 3026213
CoListAgentMlsId 3464916
PublicSurveyTownship 49
ListOfficeFax 954-900-1631
ListingAgreement Exclusive Right To Sell
PublicSurveySection 36
ListingId A11505909
OriginalListPrice 700000
BuildingAreaUnits Square Feet
InternetEntireListingDisplayYN yes
BuyerAgencyCompensation 4%
InternetAutomatedValuationDisplayYN yes
BuildingFeatures Automobile Traffic, Restaurant
OriginalEntryTimestamp 2024-01-02T22:06:38.890Z
SourceSystemKey 389969765
Ownership Corporation
LotFeatures City Location
DocumentsAvailable Financial Statement, Copy Of Lease(S), Photos
ConstructionMaterials CBS Construction, Stucco
LotSizeSquareFeet 0
Electric 200+ Amp Service, 220 Volts
InternetConsumerCommentYN yes
CoListOfficePhone 754-224-0794