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1300 S Federal Hwy
Dania, FL 33004 Dania Beach/Fort Lauderdale

$5,750,000 USD

Restaurant For Sale  •  2,692 SF

Property Details

  • Property Type Restaurant
  • Total Building Size 2,692 SF
  • Lot Size 0.47 AC
  • Building Class B
  • Year Built 1978
  • Tenancy Single
  • Zoning C-3, Dania
39 Transit Score
79 Walk Score

Description

John DeMarco with RE/MAX 5 Star Realty is proud to present the sale of Shenanigans Restaurant and Sports Pub.
Founded in 1992, Shenanigans has been successfully operating for over 34 years and is widely regarded as a local landmark and major destination in South Florida. The restaurant is well known for its fresh food, loyal patron base, quality service, and lively, entertaining atmosphere. This once­ in­ a ­lifetime acquisition opportunity includes A+ real estate, the operating business, and a 4COP liquor license, all located at 1300 S Federal Highway, Dania Beach, Florida. The physical property consists of 2,607 SF of building area, along with an additional 1,500+ SF outdoor patio and tiki bar with approved dining seating. The restaurant is situated on a large half­acre parcel, adjacent to McDonald’s, and offers ample parking along with its own drive­thru window. This prime location is known for award­winning BBQ, wings, fresh fish, and burgers, and holds the only approved 4:00 AM liquor license in the City of Dania Beach. The property has been fully upgraded with over $1,500,000 in recent improvements, including new parking lot asphalt, new bathrooms, new TVs, new kitchen equipment, new roofs, new HVAC systems, a new front seating area, new decking, full hurricane­impact windows and sliding doors, and more. The restaurant is in excellent overall condition. The outdoor patio and tiki bar are a rare offering along the US­1 corridor in Dania Beach.
This is a turn­key operating business that includes the 4COP liquor license (valued at approximately $350,000), all FF&E, equipment, licenses, inventory, and existing management. All staff will remain in place, and the current owner will provide a generous transition and coaching period. The owner is retiring after more than 40 years in the industry. The $5,750,000 purchase price is allocated as follows: $3,750,000 for the real estate and $2,000,000 for the business.

Seller financing is available with 30% down at 7% interest. The property qualifies for an E­2 visa.
The business generates approximately $4,000,000 in annual gross operating income, with net operating income of approximately $400,000, providing an investor with an above­ average market capitalization rate of approximately 7%.

Highlights

Real estate, business and 4COP liquor license included
Strong Historical Financial Performance, Landmark Brand and Business
Seller Financing Available!

Financial Summary

Total Expenses: $0 USD

Major Tenants

Tenant SF Occupied Lease End Date
Infiniti Pharmacy & Infusion
Pets Playground Grooming
Shenanigans Eastside Pub
Skyemed Inc

Amenities

  • Bus Line
  • Dedicated Turn Lane

Public Transportation

Commuter RailDriveWalkDistance
Sheridan Street (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail)) 7 min - 2.7 mi
Hollywood (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail)) 7 min - 3.5 mi
AirportDriveWalkDistance
Fort Lauderdale/Hollywood International 11 min - 5.2 mi
Miami International 44 min - 26.3 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 46
Type: Surface
Included in Rent: Yes
John DeMarco RE/MAX 5 Star Realty
John DeMarco RE/MAX 5 Star Realty