Cafe for Sale in West Palm Beach – Asset Sale

West Palm Beach, FL
Palm Beach County


Asking Price: Annual Revenue:
$129,000 Not Disclosed

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Cafe for Sale in West Palm Beach – Asset Sale Broker: Ken Eisenband

Quick Facts

Asking Price: $129,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2018
Employees: 2
BBN Listing #: 2498096
Broker Reference #: 7378

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Business Overview:

Cafe for Sale in Hip Northwood Village of Palm Beach County has below market rent and plenty of space for your concept

This cafe for sale in the Northwood Village of West Palm Beach is ready for a new owner. The sellers of this cafe are ready for retirement. Northwood Village is known for its “Fine and contemporary dining, eclectic and vintage shops, and modern salons that dot the streets, creating a hub for hipsters, foodies, fashionistas and designers. The neighborhood vibe is more reminiscent of northern California or bohemian European capitals, where walking is encouraged.” per Palm Beach Illustrated. WPBMagazine had this to say about Northwood Village – “The word on the street – and the beach and the city – is that Northwood is the “Historically Hip” place to live, shop, eat and hang out. With property values rising, and a herd of cutting edge shops, galleries, cafes and restaurants moving in, Northwood is the most buzzed-about neighborhood in the county. The Bohemian Vibe of Northwood Village has even been written up for good reasons in publications such as The New York Times, Architectural Digest and Southern Living.” Northwood Village has been compared to Miami's Windwood District -

The cafe for sale has been built-out and opened in 2018. Good fortune has enabled the owners to be able to retire and travel the world. For that reason, they are looking to sell the passion project that they have created. We Sell Restaurants is offering up this opportunity, the current concept serves salads, sandwiches, and bakery items to its loyal regular customers and locals and tourists visiting the village. The cafe has a 2cop License in place which allows them to serve beer and wine to its guests. The cafe offers fine Californian Wines, Domestic and International Beers as part of its menu.

The restaurant space is 2,000 square feet and currently is set up to seat 50 guests inside and another 9 guests outside. This cafe for sale that is open six days per week from 10 am thru 7 pm Tuesday thru Saturday and 10 am – 5 pm on Sunday has an excellent lease in place. Monthly rent is only $2,500 per month including all CAMS and taxes. The lease expires on February 28, 2023 and there is a five-year option attached. The value of this offering is in the long-term lease that is below market price and the leasehold improvements made to the space. Bring your concept to Northwood Village and get below market rent in an area that is becoming a hotspot in the county.

The cafe kitchen is very simple. No exhaust hood is present but can be installed with proper permitting. The kitchen equipment includes a two-eye burner, table-top fryer, panini press, convection oven, and plenty of refrigeration. The front of house is complete with bakery display for both refrigerated and non-refrigerated items. This cafe for sale is set up as a mixed-use facility that doubles as a gallery. Any concept that takes over this space will be happy with the bones. Any new owner will be quite pleased with the design of the space to include the flooring and ceiling. The art that is present will not transfer to the new owner. In its space you can either bring in your own collection or increase the seating and/or kitchen space. This space lends itself to special events and private parties.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

50 Chairs 9 Outdoor Chairs 14 Tables 1 Small Coffee Table 2 decorative chairs 1 couch 4 umbrellas POS System Pastry Display Case 1 small tv monitor Refrigerated display 2 Door Beverage Cooler Glass Small wares assorted pots pans utensils ss Shelving Coffee Press Manual 3 Compartment Sink Microwave Four Prep Tables Dish Washer Ice Machine 2 Table Top Convection Oven Standup Refriderator Panini Press Crock Pot Table Top Fryer Table Top Two Eye Burner Sound System Freezer Chest Equipment Stand

Market Competition and Expansion:

Below market rent, unique build out, easy to open, neighbors include restaurants, galleries, unique boutiques, good foot traffic. Very eclectic neighborhood that is growing is becoming the palce to be in West Palm Beach. Can install hood and grease trap to expand menu. The street that this restaurant is located on is being extended to the water.

Reason for Selling:

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.

Relevant Links:

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