Profitable Italian Restaurant for Sale

Palm Beach, FL
Palm Beach County


Asking Price: Annual Revenue:
$150,000 $401,377

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Profitable Italian Restaurant for Sale Broker: Ken Eisenband

Quick Facts

Asking Price: $150,000
Annual Revenue: $401,377
Net Profit: Not Disclosed
Cash Flow: $70,202
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2006
Employees: 9
BBN Listing #: 72918096
Broker Reference #: 9278

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Business Overview:

This profitable Italian Restaurant for Sale in Palm Beach County, Florida has served the community for 16 years. The loyal customer base has provided a steady income stream to retiring owner for years.

The Royal Palm Beach Italian Restaurant for Sale has a history of providing quality food for its customers and steady income to the owner. The restaurant had sales of $401,377 in 2021. These sales were achieved with limited hours and no advertising. The seller spent zero dollars in advertising. Only open six days per week, closed on Mondays, from 4 pm – 10 pm. The net to the owner/operator in 2021 was $70,202. The shopping center and area will certainly support lunch business. The restaurants sales are derived primarily from pick-up and catering. The restaurant only delivers for large orders and does not use any third-party delivery services. A new owner can keep this business model or if looking for immediate growth, add lunch hours, in-house delivery, and use of third-party delivery services.

The Restaurant Brokers at We Sell Restaurants know that this restaurant has a great location. Located in a very popular shopping center that is anchored by a newly remodeled grocery store, a big box pet store, and includes tenants such as National and local restaurants, retail operators, and service providers. The shopping centers signage is excellent, and this Italian Restaurant for Sale has good visibility from the street. The areas demographics are very strong. More than 114,000 residents with an average household income of $67,000 live in a five-mile radius of the restaurant. Royal Palm Beach has seen a drastic uptick in applications for new residential and commercial development. The restaurant is 1,575 square feet in size. It has eight tables in its dining room and seats 32 guests very comfortably. The monthly rent is $5,650 including all CAMS, waste removal, and taxes. The lease expires on November 30, 2025, and there is a five-year option attached.

The fully equipped Italian Restaurant for Sale will include the transfer of all assets. The exhaust hood is twelve feet in length, the grease trap is in ground and there is a walk-in cooler. The equipment package includes two six-eye burners with ovens, fryer, double stacked convection oven, steam tables, and plenty of refrigeration. The front of house has four booths that seats16 guests and four, four table tables with chairs. The total seating in the dining room is 32 guests.

The restaurant sales are driven by pick-up and catering. Delivery for catering orders is available. There is a menu for the restaurant and a separate catering menu. The menu includes all your favorite Italian dishes. Pasta, Baked Pasta, Salads, Chicken, Sausage, and Seafood entrees are all featured on the menu. There is a section for pizza and calzone. Pizza sales are a very small part of the business. The catering menu at this Italian Restaurant for Sale features all of your favorites in full and half tray sizes.

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Property Features and Assets:

neon open sign 8 tables (4 booths) 20 chairs small ice machine small wine cooler 7 prep tables 2 two door sandwich coolers 2 table top steamers 2 six eye burners with ovens fryer double stacked convection oven single door sandwich cooler SS shelving walk in cooler residential cooler slicer

Reason for Selling:

Personal

Additional Details:

  • The property is leased.
  • The owner is not 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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