Restaurant for Sale in Lake Worth

Lake Worth, FL
Palm Beach County


Asking Price: Annual Revenue:
$60,000 $235,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Restaurant for Sale in Lake Worth Broker: Ken Eisenband

Quick Facts

Asking Price: $60,000
Annual Revenue: $235,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1994
Employees: 2
BBN Listing #: 17628096
Broker Reference #: 8361

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Business Overview:

Florida Restaurant for Sale in Lake Worth is fully equipped, seats up to 65 guests, and has great lease in place. Priced for quick sale, this one will not last long.

The location is on a very busy road with more than 45,000 vehicles per day passing by! The shopping plaza has more than 38,000 square feet of retail space and features a popular bank, restaurants, retail, and service providers. The rent of $2,698 is below market and includes trash removal. The lease for this Restaurant for Sale expires in April of 2023 and there is a five-year option attached.

The current concept in place is Greek. The Restaurant for Sale has been in the current location for the last 25 years. The current owner purchased the restaurant from the original owners in 2019. The current owner has a new opportunity and is looking to sell. The restaurant offered by We Sell Restaurants, has a charming atmosphere and fully equipped commercial kitchen that has been kept in perfect condition. The 1,400 square foot Florida Restaurant for Sale seats 64 guests comfortably.

The fully equipped commercial kitchen has everything you will need to continue the success of this family run business. The kitchen features a 14-foot exhaust hood, grease trap, six-eye burner with stove, char-broiler, flat-top, fryer, salamander, and gyro cooker. The refrigeration is commercial grade and includes a walk-in cooler and ice machine.

The front of house is charming and is decorated in the Greek colors of blue and white. This Florida Restaurant for Sale has two dining areas separated by a wall with an arched walk-way, and two cut-outs that match the walk-way. The seating accommodates 64 guests with seating for another 7 on three outdoor tables. The lighting is pleasant, and the artwork makes you feel at home. This restaurant can easily be converted to any concept. The kitchen is fully equipped and the front of would just require cosmetic changes for a new concept. Due to exclusivity agreements in shopping center no Mexican or breakfast/lunch restaurants will be accepted.

Need lending assistance? This Restaurant for Sale priced between $20,000 and $200,000 can be financed with our lending partners. If your credit score is 680 or above, contact the restaurant brokers at We Sell Restaurants for an introduction to our teams that can have you approved in the next 48 hours.

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:

15 Tables 61 Chairs 2 Televisions 2 Neon Signs Beverage Cooler Glass Door 4 Prep Table POS Lease to Own Microwave 2 Two door Sandwich Cooler Refrigerated Equipment Stand 6 drawer Gyro Cooler Table Top Steamer Char Broiler Flat Top Salamander Fryer Six Eye Burner with Stove Walk in Cooler Utility Cart Two Door Stand up Cooler 20 qt Dough Mixer Dish Machine Ice Machine 2 Freezer Chests SS Shelving Assorted Pots Pans utensils small wares

Market Competition and Expansion:

Shopping plaza sits on highly commercial road surrounded by residential communities. Perfect concepts would include Greek, Pizza/Italian, Burger, or any other concept that would utilize a fully equipped kitchen and comfortable dining area.

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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