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Clients of The Prakas & Co.

Posts Tagged ‘Deerfield Beach’

Todays Restaurant News

Wednesday, January 27th, 2010

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Florida hotel and restaurant owners seeking expert advice for owning and operating a successful business in the state of Florida can now call upon vision­ary Florida restaurant broker Athan “Tom” Prakas and veteran Ken DePasquale for consulting expertise including site selection, management, development, operation, marketing and financing expertise. “After negotiating more than 400 restau­rant deals throughout the state in the past seven years, the time finally came to add a consulting division to our hotel and restau­rant real estate broker­age services,” Prakas says. “With the forty plus year expertise of hotel and restaurant owner and operator Ken DePasquale, this established new Hospitality & Management Consulting Division at Prakas & Co. will deliver the perfect extension of operator advice to Florida hotel and restaurant owners.” The collaborative team joined consult­ing forces via the onset of reviving The Original Harpoon Louie’s Restaurant of fupiter- one of the nation’s top 25 gross­ing restaurant concepts- launching this month oceanfront at Deerfield Beach.

prakas-rntd

Originally posted 2010-02-11 08:17:17. Republished by Blog Post Promoter

Park Avenue, Harpoon Louie’s open new locations

Wednesday, January 27th, 2010

Palm Beach Post Staff Writer

Thursday, October 01, 2009

Restaurants have to attract the public’s
attention if they want to compete in this fickle and value-conscious
dining market. So two eateries are opening with splashy specials.

First up: Barbecue. Park Avenue BBQ Grille is expanding to Boca Raton, taking the home of the original, and legendary, Tom’s Place barbecueat Glades Road and Dixie Highway. (The building formerly was occupied by the failed Dwayne Wade sports-grill chain, and before that, Bucky’s Barbecue. ) Owner Dean Lavallee
said the recession created an opportunity for Jupiter-based Park Avenue
to expand into Boca at a good lease price. “There’s opportunity in pork
in Glades and Dixie, and we hope to take advantage of that,” Lavallee
said. He expects the chain’s 10th restaurant to be open in mid-November.

To introduce Park Avenue to Boca diners, and
celebrate the company’s 21st year in business, Park Avenue plans a
chain-wide promotion during the first week of December: Food at 1988
prices. For instance, a full rack of baby back ribs will cost $9.99,
down from the usual $17.99 price.

Meanwhile, Harpoon Louie’s, the iconic Jupiter seafood restaurant, has returned to South Florida, led by its original operator, Ken DePasquale. To
celebrate, DePasquale isn’t hosting a grand opening at his new
oceanfront location in Deerfield Beach. Instead, he’s hosting some
grand deals, starting with 50 percent off every food item Monday
through Friday, and after 4 p.m. on Saturday and Sunday. The deal
started Thursday and runs for a week, at least. The idea is to do
something nice for consumers: “I’d rather do this than blow $15,000 on
a big grand opening,” DePasquale said.

For those not familiar with Harpoon Louie’s, this popular seafood
restaurant facing the Jupiter Lighthouse once was a landmark in north
county and the site of many engagements and celebrations. DePasquale
and majority owner Bill Coleman came up with the concept during the
1970s, and they cornered the mid-priced dining market in northern Palm
Beach County throughout that decade and into the 1980s. At one point
they served 600,000 meals a year. In 1987, the restaurant was sold.
(The restaurant space is now known as the Crab House).

The Prakas Group’s Tom Prakas brokered both deals and serves as a consultant to Harpoon Louie’s, too.

Now for something completely different: Clematis Street in West Palm Beach has hooked Off The Hookah, anEgyptian
restaurant and lounge. The Fort Lauderdale restaurant company (which
also has a location in Richmond, Va.) is taking a whopping 15,000
square feet of space formerly occupied by

  • Gallerie, in the 300
    block of Clematis. Off The Hookah leased the former furniture showroom
    after scouting the market for more than a year, owner Ihab Atallah said. Again, the recession created an opportunity for the Atallah family to go into the space at a reasonable price.

    What awaits the Off The Hookah visitor Expect a Vegas-like
    atmosphere, replete with waterfalls, belly dancers and “flair”
    bartenders who will spin bottles, toss drinks and do other aerobic
    feats with libations. A $1.5 million renovation is planned, Atallah said.
    The interior will be akin to “dining in your living room,” with sofas
    and even beds where patrons can feast on the restaurant’s full menu of
    Mediterranean food, Atallah said.

    The beds may be one novelty, but so are the hookahs, which are
    water pipes used for smoking. Off the Hookah doesn’t use tobacco-based
    products. Instead, the pipes are filled with an herbal compound that
    comes in various flavors. “You can eat on the bed and hang out on the
    bed. You can relax, kick your shoes off and people watch,” Atallah
    said. Look for an opening in December.

    Anderson & Carr’s Paul Snitkin, who brokered
    the deal, said the restaurant’s expansion to Clematis Street further
    diversifies the area’s dining options. In fact, Clematis soon could
    become a sort of Epcot in West Palm Beach, with a world’s array of cuisines along one street.

    Alexandra Clough writes about the economy, real estate and the law. Contact her at alexandra_clough@pbpost.com.

  • park avenue, harpoon louie's open new locations

    Originally posted 2009-10-02 00:00:00. Republished by Blog Post Promoter

    PRICE REDUCED 5,000 SF Italian Style Family Restaurant

    Tuesday, October 20th, 2009

       

    Famous Italian 4COP License/Net $225/year
    Report Date: 2/22/10     BizBuySell Ad #: 793078
    Location: Deerfield Beach, Broward County, Florida 33431Primary Category: Retail - Restaurants
    Secondary Category: Retail - Bars/Taverns
    Your Reference ID: 0001
    Date Listed/Changed: Now in review by BizBuySellShowcase Ad Tag Line: Famous Italian Restaurant Deerfield Beach 4COP LIcenseFinancial Information
    Asking: $395,000
    Gross: Not Disclosed
    Cash Flow: $225,000
    Financing: Terms to qualified buyers
    Seller financing is available

    Summary Description
    Price Reduced!! This famous Italian Restaurant/Lounge has been established and thriving for almost 20 years under the same ownership. Not only is the restaurant an institution but a gorgeous restaurant on an end -cap in a high visibility center with ample parking. Owner compensation over 225K per year. A South Florida institution Long Term favorable lease Gross Rent is $7200 per month 4 C.O.P. Liquor License included in the sale (valued at $150K.) Asking $395K with Terms Contact A. Tom Prakas at 561.368.0003

    General Information
    Facilities: Gorgeous restaurant on an end -cap in a high visibility center with ample parking.
    Support/Training: 2 weeks
    Reason Selling: retiring
    Year Established: 1990

    Co-Broker Information
    Co-Broker Share: 40%
    Commission: call broker

    Contact Information
    Contact: Tom Prakas
    Phone: 561-929-0111
    Email: tprakas@prakasgroup.com
    Prospect Contact Options
          Require prospect submit standard Confidentiality Agreement       Owner’s Compensation - $225,000+/year

     

     

    Famous Italian 4COP License/Net $225/year

    Tuesday, October 20th, 2009

    Famous Italian 4COP License/Net $225/year
    Report Date: 2/22/10    

    Primary Category: Retail - Restaurants
    Secondary Category: Retail - Bars/Taverns
    Your Reference ID: 0001

    Showcase Ad Tag Line: Famous Italian Restaurant Deerfield Beach 4COP LIcense

    Financial Information
    Asking: $395,000
    Gross: Not Disclosed
    Cash Flow: $225,000
    Financing: Terms to qualified buyers
    Seller financing is available

    Summary Description
    Price Reduced!! This famous Italian Restaurant/Lounge has been established and thriving for almost 20 years under the same ownership. Not only is the restaurant an institution but a gorgeous restaurant on an end -cap in a high visibility center with ample parking. Established for 20 Years - same owner and name Owner compensation over 225K per year. A South Florida institution Long Term favorable lease Gross Rent is $7200 per month 4 C.O.P. Liquor License included in the sale (valued at $150K.) Asking $395K with Terms Contact A. Tom Prakas at 561.368.0003

    General Information
    Facilities: Gorgeous restaurant on an end -cap in a high visibility center with ample parking.
    Support/Training: 2 weeks
    Reason Selling: retiring
    Year Established: 1990

    Co-Broker Information
    Co-Broker Share: 40%
    Commission: call broker

    Contact Information
    Contact: Tom Prakas
    Phone: 561-929-0111
    Email: tprakas@prakasgroup.com
    Prospect Contact Options
          Require prospect submit standard Confidentiality Agreement