5574 W Sample Road, Margate, FL 33073

Overview

Description

PRESENTING AN EXCEPTIONAL OPPORTUNITY TO OWN ONE OF THE BEST CARIBBEAN, WEST INDIAN AND AMERICAN STYLE RESTAURANT IN A VERY HIGH TRAFFIC AND HIGHLY SOUGHT LOCATION. THIS FAMILY-OWNED ENTERPRISE COMES WITH, A VERY STRONG REPUTATION FOR DELIVERING QUALITY FOOD AND EXCEPTIONAL SERVICE, WITH A DINING ATMOSPHERE WHERE BOTH LOCALS AND TOURIST ENJOY THE BEST OF A WARM AND FRIENDLY DINING EXPERIENCE. THIS AMAZING OPPORTUNITY IS 100% TURNKEY, THE PRESENT OWNER DID A COMPLETE UPGRADING OF THE KITCHEN AND ALL AROUND REMODELING, THE OWNER IS ALSO WILLING TO STAY AROUND TO TEACH ALL THE IN'S AND OUT'S,TO CONTINUE A SUCCESSFUL BUSINESS, MAKING MONEY FRON DAY ONE. ALSO ADDING SOCIAL MEDIA WEBSITE, UBEREATS,DOORDASH ETC. HUGE FINANCIAL AND POTENTIAL GROWTH.

General Property Information

Occupied Area: 2200
Year Built: 1988
Parking Total: 1883

Property Features

Building Features: Restaurant Business Type: Commercial; Food & Beverage Documents Available: Copy Of Lease(s); Inventory; Owner Managed; Stock Inventory Electric: 110 Volts; 220 Volts Flooring: Tile; Wood Lease Term Remaining: 1-3 Years Location of Property: Central Business District; Shopping Center Parking Features: Common Possession: Negotiable Sale Includes: Business; Furniture; Inventory; Machinery Special Licenses: Occupational Source Of Expenses: Owner Provided Construction Materials: CBS Cooling: Central Individual Listing Terms: Cash; Conventional; Other Road Frontage Type: City Street Traffic Type: Pedestrian; Heavy Security Features: Fire Alarm; Security System; Smoke Detector(s) Sewer: Public Sewer Water Source: Public Showing Requirements: 24 Hour Notice; Appointment Only; Call Listing Agent; See Remarks

Contract Information

Comp Sale YN: No
Original List Price: 349000

Location and Legal

Country: United States
County Or Parish: Broward
County Parish Name: Broward
Street Number: 5574
Street Direction Prefix: W
Street Name: Sample
Street Suffix: Road
City Name: Margate
State Or Province: FL
Postal Code: 33073
Area: 3522
Geographic Area: NE41 - North Broward Turnpike To 441 (3511-3524)
Zoning: Business

Status Change Information

Major Change Timestamp: 2024-09-26T14:30:54Z
Major Change Type: New Listing
Status Change Date: 2024-09-26

Building and Property Details

Seating Capacity: 60

More Information

Business Details

Total Employees: 5
Year Established: 19

Short Sale Details

Short Sale Addendum: No

Income and Expenses

Gross Sales: 500000
Inc/Exp Statement Period: 12 Months
Insurance Expense: 2500
Inventory Value: 18000

Price Calculations

Current Price To SqFt: 158.64

Originating Details

Originating System Key: 588103533
Originating System ID: M00000170

Currently Not Used

Year Built: 1988

Office/Member Information

DXORIGMLSID: FLL

Electric

110 Volts: Yes
220 Volts: Yes

Flooring

Tile: Yes
Wood: Yes

Loan Details

Assumable Chattel Balance: 0

Parking Features

Common: Yes

Documents Available

Copy Of Lease(s): Yes
Inventory: Yes
Owner Managed: Yes
Photos: Yes
Stock Inventory: Yes

Location of Property

Central Business District: Yes
Shopping Center: Yes

Possession

Negotiable: Yes

Sewer

Public Sewer: Yes

Building Features

Restaurant: Yes

Business Type

Commercial: Yes
Food & Beverage: Yes

Sale Includes

Business: Yes
Furniture: Yes
Inventory: Yes
Machinery: Yes

Special Licenses

Occupational: Yes

Construction Materials

CBS: Yes

Listing Terms

Cash: Yes
Conventional: Yes
Other: Yes

Road Frontage Type

City Street: Yes

Security Features

Fire Alarm: Yes
Security System: Yes
Smoke Detector(s): Yes

Water Source

Public: Yes

Lease Term Remaining

1-3 Years: Yes

Source Of Expenses

Owner Provided: Yes

Cooling

Central Individual: Yes

Showing Requirements

24 Hour Notice: Yes
Appointment Only: Yes
Call Listing Agent: Yes
See Remarks: Yes

Traffic Type

Pedestrian: Yes
Heavy: Yes