Business Overview:
This Tapas and Spanish Restaurant for Sale in Palm Beach County has a 4COP license and serves Liquor, Beer, and Wine to its guests. The restaurant features live music, private dining rooms, and provides a six figure income to the seller.
The Restaurant for Sale has been in business since 2020. Health issues are forcing the chef/owner to sell this restaurant. In 2021 the restaurant achieved sales of $1,411,632 and returned $133,622 to the owner. 2022 is proving to be just as successful with sales of more than $500,000 from January through May.
The restaurant is housed in a free-standing building with its own parking lot. The restaurant is 6,300 square feet in size. There are three separate dining rooms, bar and lounge, and a kitchen that has been designed and equipped for high volume. The dining room is set up to accommodate private parties of different sizes and the restaurant often rents out the full facility for very large events. This Restaurant for Sale offered by We Sell Restaurants attracts customers from West Palm Beach up to Stuart. This includes Palm Beach Gardens, Jupiter Island, and Hope Sound. The lease expires on January 31, 2031, and has two five year options attached. The monthly rent is $9,585 including all CAMS and taxes.
The menu features Tapas and Spanish Cuisine. The restaurant utilizes the landlord 4COP quota license. This will allow you to serve Liquor, Beer, and Wine to your guests. The menu and all recipes of this Restaurant for Sale will transfer with sale. The chef/owner will remain for two weeks to assist with the transition. The kitchen is designed for high volume. The hood is 22 feet in length and the grease trap is in ground. The kitchen equipment includes a ten-eye burner with two ovens, six-eye burner with oven, two fryers, char-broiler, salamander, flat top and so much more. The refrigeration is all commercial grade and there is a brand-new walk-in cooler and freezer.
The front of house has three dinging areas, a lounge and bar area, and features a built-in fireplace. There is a small stage area for live music. This Restaurant for Sale seats 165 guests inside and another 32 on the outside patio. The space can be divided up so that a private event can be held in one of the dining areas without effecting service for the rest of the facility. The restaurant is popular for large events and does rent out the full facility frequently.
The seller of this Restaurant for Sale is very confident of the continued success of the restaurant. The seller is offering seller financing of up to $175,000. Contact the restaurant broker today to discuss this opportunity that will not last long.
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Property Features and Assets:
Tables 27
Chairs 129
Bar stools 30
High top 4
2 Speed Well
3 Small Cooler LANDLORD
POS System Total Payment 250 per month
Dishmachine Lease
Three door Low boy cooler glass door
mug chiller
wine cooler
ice bin
Cigar Humidor
Espresso Machine
Coffee brewer
Dishmachine kitchen LEASE
3 sandwich cooler 2 door
pizza cooler Three drawer LANDLORD
Steam table three hotel pan LANDLORD
Heat lamp LANDLORD
Microwave
Flat top with own LANDLORD
Salamander LANDLORD
Char broiler
Equipment stand LANDLORD
Ten eye burner with 2 oven LANDLORD
Six eye burner with oven
2 Fryer LANDLORD
3 Prep Table LANDLORD
Walk in Cooler LANDLORD
Walk in Freezer
Ice Machine
2 slicer
Assorted pots pans utensils smallwares
3 highchairs
Tray jack 2 LANDLORD
Breadwarmer
8 Tables Outside
32 Outdoor chairs
Market Competition and Expansion:
Can open for lunch with an express menu, the area will support this.
Reason for Selling:
Relocation
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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