The Prakas Group is the exclusive broker for South Beach Restaurant deal with Danny DeVito and is also is named exclusive broker for the most prestigious restaurant space in Philadelphia!
Background:
Athan "Tom" Prakas is a Delray Beach resident and owner of The Prakas Group, Inc., a commercial real estate brokerage company specializing in restaurant, hospitality and commercial properties, headquartered in Boca Raton. Through his years of experience and remarkable vision for the industry, Prakas and his company continually make restaurant and real estate headlines, not only in South Florida but nationally.
Originally from Portsmouth, Ohio, Prakas grew up in Columbus and has 25 years experience in the restaurant, nightclub, and sports bar industry. He owned 27 popular establishments throughout Ohio, Georgia, and South Florida.
"I knew I wanted to be in the industry after I vacationed in Fort Lauderdale for spring break during college, and I even modeled one of my first nightclubs in Columbus, Ohio, after a nightclub in Fort Lauderdale," said Prakas.
Locally, he was the originator of alternative music clubs in Palm Beach County with the establishment of The Dark Side in Delray Beach and Moscow in West Palm Beach and Delray Beach. He also owned and operated The Spot, a sports-rock cafe in West Palm Beach, and brought the popularity of cigar smoking to Boca Raton by establishing The Cigar Bar.
After many successful years and colorful experiences in the biz, Prakas decided to use his hands-on knowledge to open The Prakas Group in 2000. Prakas and his team have sold over 300 restaurants and commercial properties in the last seven years.
Prakas has established relationships with high profile names in the hospitality industry and exclusively represents Buckhead Life Restaurant Group for Florida locations including placing Chops Lobster Bar in Boca Raton. The Prakas Group also exclusively represents the successful Taverna Opa Greek restaurant concept in multiple Florida locations and Las Vegas, NV, and The David Manero Restaurant Group properties throughout South Florida. Prakas was also chosen as exclusive broker for one of Miamis hottest new restaurants DeVitos in South Beach, which opened June 2007 to major fanfare, and sold La Vieille Maison, Boca Ratons most famous French restaurant for over 30 years.
In other national accomplishments and as a true testament to Toms commanding pull in the industry, he was hand-picked by The Falcone Group, a privately held multi-billion dollar entity that specializes in a wide spectrum of real estate services primarily focusing on real estate development and investment funding, to be exclusive broker for the restaurant on the 37th floor of the prestigious 57-story tower, Two Liberty Place in Philadelphia, PA.
South Floridas hottest restaurant corridors including Atlantic Avenue in Delray Beach, Clematis Street in West Palm Beach, and Las Olas Boulevard in Fort Lauderdale have all been enhanced by the Prakas touch. Prakas hopes to keep working closely with these cities and other developers to increase revenue and watch the areas flourish and grow.
"The key to a successful establishment is knowing your demographics, because the failure rate is high and even if the concept is great, the location may be wrong," said Prakas.
Never one to be satisfied with the scope of services he provides, in 2004, Prakas established a Business Brokerage Division for The Prakas Group, which pursues sales of companies doing between $2-7 million. In 2006, the company expanded beyond its Boca Raton headquarters into Orlando. It was a natural progression for the firm to establish an office to tap into the incredible growth in the Central Florida market and bring a wealth of business brokerage and restaurant/hospitality brokerage experience to the Orlando area. The Prakas Group has hit the news with multiple restaurant brokerage deals as well as the exclusive listing for the restaurant at Lake Buena Vista Resort Village and Spa.
Prakas plans to continue expanding the company to bring expertise in hospitality brokerage to new markets. Targeted cities for new Prakas Group offices include Atlanta and New York City.
Prakas and his company are visionaries, and contribute to shaping the nightlife and generating revenue in cities across South Florida, Central Florida, and around the country. The Prakas Group will continue helping clients find the right space for their particular needs.
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Areas Served:
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Palm Beach County, Florida. Broward County, Florida. Miami-Dade County, Florida. Martin County, Florida. Orange County, Florida.
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Company:
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The Prakas Group is the largest restaurant and hospitality brokerage in Florida with offices in Boca Raton and Orlando.
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Affiliations:
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Partnered with Florida Restaurant & Lodging Association for Business Opportunities
