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… Read More 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 BusinessYears in Operation:Approximately 3½ yearsEmployees:Approximately 20 employees, consisting of a combination of full-time and part-time staff.Franchise:No. Independently owned and operated family restaurant.Facilities & AssetsThe 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 / CompetitionThe 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 GrowthThe 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. 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Courtesy of REF Realty Inc 954-347-6831
Listing Snapshot
Days Online
11
Last Updated
Property Type
Business Opportunity
Square Ft.
6,961
Year Built
2001
MLS Number
A12068885
30 Days Snapshot Of 33024
$264k
-2%
(avg) sold price
13
-7%
homes sold
119
+11%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road frontage type: City Street
Building
Built in 2001, Building features: Lounge, Construction materials: CBS, Toal building area: 6961
Cooling
Central Building
Expenses
Insurance: $10,000
Floors
Concrete
Heating
Central, Electric
Parking
Common
Property
Zoning: B-2
Security Features
Fire Alarm, Security Lights
Sewer
Public Sewer
Taxes
Annual amount: $35,890
Utilities
101-200 Amp Service
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