Highly Profitable Atlantic Ave (Delray) Restaurant

Not Disclosed, FL
Palm Beach County

Asking Price: Annual Revenue:
$900,000 $1,019,024

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Highly Profitable Atlantic Ave (Delray) Restaurant Broker: DAVID BALLOU

Quick Facts

Asking Price: $900,000
Annual Revenue: $1,019,024
Net Profit: Not Disclosed
Cash Flow: $159,112
Total Debt: Not Disclosed
FF&E: $50,000
Real Estate: Not Disclosed
Year Established: 1999
Employees: 15
BBN Listing #: 9387630
Broker Reference #: 7301462599

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Business Overview:

This Atlantic Ave (in Delray) restaurant has been serving top of the line lunch and dinners for many years! Highly reputable with one of the best locations in S. Florida. Restaurant serves a mix of Seafood and Steak choices and is known for its high quality and A+ service. Seats about 65 with seating at the Bar and some outside tables. Excellent staff in place makes this a turnkey opportunity. Take advantage of a rare opportunity to own a long term, successful restaurant in the heart of Delray. Sales in 2019 were $1.33mil with an owner benefit of $306,000. After COVID, sales are now tracking to these numbers in 2022.Please refer to listing number 7301462599, business broker David Ballou when inquiring about this listing.

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Property Features and Assets:

Lease/Month: $9,000; Square Footage: 2,000; Building Type: Restaurant; Terms & Options: 4 years remaining; Expiration Date: 12/30/2025.

Market Competition and Expansion:

Non Compete : Miles: 20 Years: 3

Reason for Selling:

Owner Retiring

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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