Latin Restaurant for Sale in West Palm Beach is Ve

West Palm Beach, FL
Palm Beach County


Asking Price: Annual Revenue:
$330,000 $680,506

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Latin Restaurant for Sale in West Palm Beach is Ve Broker: Ken Eisenband

Quick Facts

Asking Price: $330,000
Annual Revenue: $680,506
Net Profit: Not Disclosed
Cash Flow: $76,812
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2011
Employees: 10
BBN Listing #: 12448096
Broker Reference #: 8523

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Business Overview:

Latin Restaurant for Sale in Palm Beach County, Florida. Very profitable for an owner/operator. Great lease in place. Let’s make a deal today.

The Latin restaurant for sale has been in existence for ten years and operated by the current owner since 2014. The sales and profits have grown consistently over this time frame. In 2019 the sales were $680,506 with a net to the owner of $76,736. 2021 has seen great numbers and the sales through July were $349,415. The forecast sales for the entire year is more than $600,000 with a net to the owner of more than $100,000.

This Latin Restaurant for Sale by We Sell Restaurants has a great lease in place. The restaurant is housed in approximately 1,400 square feet in West Palm Beach. The road that this restaurant is located on is a very busy commercial road that dissects the entire county. Restaurants, retail, medical facilities and other service providers surround the restaurant. The Latin restaurant seats 51 guests in the very well decorated dining room. The monthly rent is only $2,020 including all CAMS and taxes! WOW! The rent for the restaurant space is less than 5% of net sales. This is a recipe for continued success.

The fully equipped commercial kitchen has everything you will need to continue this Restaurant for Sale . The exhaust hood is just under ten feet long and there are two grease interceptors. Under the hood sits a ten-eye burner with two ovens and three fryers. There is a gas steam table that can hold five hotel pans and two other table-top steamers. More than enough refrigeration completes the kitchen. The front of house is colorfully decorated with 14 tables and 57 chairs.

The menu at thsi Restaurant for Sale features Puerto Rican, Laitn and Seafood favorites. All of the recipes used in this menu are authentic. There is an assortment of Mofongo dishes to choose from. There are also plenty of Seafood, Pork, Chicken, and Beef dishes. There is a kids menu. The food is flavorful and highly rated with online reviewers. Regular customers travel from all over Palm Beach and Broward County to eat the authentic Puerto Rican and Latin Cuisine. The menu will transfer with sale and the owner will train for two weeks to insure that the high standards remain.

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Property Features and Assets:

Ice Machine lease 120 per month 57 chairs 14 tables Special Board Assorted smallwares 3 high chairs 2 freezer chests storage cabinet POS System Espresso Machine Two Door Sandwich Cooler SS Shelving 5 Hotel Pan Steam Table Gas 2 Table Top Steamer Ten eye burner with two ovens 3 fryer Utility cart 3 work table Double door glass bev cooler 2 Residential freezer 1 Residential cooler Blender Assorted pots, pans, utensils Microwave Dolly 2 Garbage Three Compartment sink

Market Competition and Expansion:

Best Puerto Rican Food in South Florida. Customers travel from Palm Beach and Broward Counties to dine on the authentic cuisine.

Reason for Selling:

other

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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