Business For Sale

Restaurant for Sale in Palm Bch County- Profitable

Lake Worth, FL
Palm Beach County


Asking Price: Annual Revenue:
$78,000 $317,040

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Restaurant for Sale in Palm Bch County- Profitable Broker: Ken Eisenband
License #: BK3249847
Owner Financing is Available!
67 % down.

Quick Facts

Asking Price: $78,000
Annual Revenue: $317,040
Net Profit: Not Disclosed
Cash Flow: $50,976
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2017
Employees: 8
BBN Listing #: 89498096
Broker Reference #: 6316

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Business Overview:

The current concept of this Restaurant for sale in Lake Worth, Florida is Indian Cuisine. The space can easily convert to any concept and is currently absentee run. This is perfect for an investor as staff and management is in place.

The Restaurant for sale has been in operation for one year. The owner has invested in this business, but does not work in the operation. Staff and management are in place and ownership only handles administrative functions. The restaurant for sale is profitable as an absentee investment, but an owner/operator could increase profits significantly by reducing the current labor cost. The business is forecasted to achieve sales of $317,000 in 2018 and when adding back the manager’s salary of $550 per week the restaurant for sale will have a seller’s discretionary income in excess of $50,000.

This profitable Indian restaurant for sale by We Sell Restaurants, is in Palm Beach County. It is in a recently remodeled shopping center in Lake Worth. The shopping center has 150,000 SF of rentable space and is anchored by Publix and a major new tenant. The new tenant that has moved in attracts thousands of customers to the center and offers no food. The remodel included new façade, parking lot, lighting, and painting. The daily traffic count in front of this shopping plaza is 49,000 vehicles per day.

Three are more than 110,000 residents within a three-mile radius with an average household income of more than $66,000. The most recent census data indicates that by 2020 the population growth will be more than 7.5% in both the three and five-mile radius areas. The restaurant occupies 2,384 square feet and seats 58 guests. The current lease expires in June of 2022 and has a five-year option period attached. The monthly rent is just $3,997 which includes CAM and taxes.

The fully equipped commercial kitchen has it all. The exhaust hood is 14 feet long and the grease trap is in ground. The equipment package includes six-eye burner with stove, tandoori oven, flat top grill, three candy stock pots, walk-in cooler and freezer, commercial refrigeration, and much more. The cooking equipment uses natural gas, which helps keep expenses low.

The front of house is nicely decorated and comes complete with a POS system and buffet set-up. The buffet is used only on the weekends and has been quite a hit with the customers. All recipes will transfer, and the owner will be available for two weeks for any training and questions about the operation.

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Property Features and Assets:

5 two top tables 9 four top tables 3 booths Booth seating 40 chairs 3 steam tables for buffet Chafing dishes 4 high chairs Host stand Television 2 neon signs Ice machine 7 prep tables 3 microwaves S/S shelving Three compartment sink 3 candy stock pots Low boy cooler Two door sandwich cooler Six eye burner with stove 3 fryers Flat top Tandori oven Two door beverage cooler Walk-in cooler Walk-in freezer Single door stand-up freezer Two door stand-up cooler POS system 16 foot exhaust hood Assorted pots, pans, utensils, smallwares

Market Competition and Expansion:

The shopping center has recently had a renovation. New parking lot, lighting, facade, and paint has brought in new customers. Anchored by Publix and and action center, that offers no food, the center has become a destination neighborhood shopping center.

Reason for Selling:

Personal

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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