Restaurant for Sale on Clematis Street is perfect

West Palm Beach, FL
Palm Beach County


Asking Price: Annual Revenue:
$139,000 $600,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Restaurant for Sale on Clematis Street is perfect Broker: Ken Eisenband

Quick Facts

Asking Price: $139,000
Annual Revenue: $600,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2019
Employees: Not Disclosed
BBN Listing #: 49868096
Broker Reference #: 8636

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Business Overview:

Fast Casual Restaurant for Sale in in West Palm Beach, Florida is a proven concept that is easy to operate. Owner will train and guarantee success.

Located on the most popular street in West Palm Beach, this Fast Casual Restaurant for Sale features Vietnamese Street Food. The name, logo, and slogan are federally trademarked. The trademarks will transfer with sale. The restaurant has a state-of -the -art website that will transfer with sale. The website allows for online ordering. Third party delivery apps are used. The operation is very simple, and the restaurant is run with minimal employees. This restaurant is perfect for a husband-and-wife team or for someone looking for a scalable concept. Food cost is low, minimal employees are needed to operate, and a great rent deal is in place. The seller will assist in staffing and reopening. The seller will guarantee sales of more than $2,500 per day, WOW! and will structure a purchase to insure your success. Contact me to discuss. The seller of this restaurant has many businesses and is looking to downsize his portfolio of operations.

The concept is Vietnamese Street Food. The menu features Pho, Banh Mi, Salads, Bowls, and fresh Rolls. The restaurant for sale by We Sell Restaurants had achieved sales of $40,000 per month during 2021. These sales have been reached by being open five days per week. Monday thru Friday from 11 am – 9 pm. Demand for weekend operation is good. Cost of Goods hover around 30% including food, paper, and chemical costs. The restaurant has been running with six employees. This includes management. The seller does not work in the operation. The payroll does not exceed $10,000 per month, including management. This restaurant has been developed for ease of operation. The concept is scalable and perfect for a husband-and -wife team.

The restaurant is located on Clematis Street in West palm Beach. Clematis Street is the heart of downtown West Palm Beach. The street is trendy and has a long history as the entertainment and business center of West Palm Beach. Close to the courthouse, library, and government buildings. One side of the street is known for its waterfront views and the other side for its restaurants and shopping. The Brightline train station is just a short walk from this restaurant. The street is lined with restaurants, art galleries, boutiques, antique shops, and historical landmarks. Thousands of white-collar employees are just steps away in the office buildings that line the street. This is built in lunch business that will walk to your restaurant daily. At night and on weekends the street becomes a destination venue for locals and tourists that are seeking the nightlife and special events that are very popular. The restaurant is housed in 1,436 square feet and has seating for 32 guests inside and 22 guests outside. The monthly rent of $6,080 includes trash, water, CAMS, and taxes. The lease expires on January 31, 2023 and there is a five year option attached.

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Property Features and Assets:

6 two top tables 6 chairs 5 stools 2 large picnic tables 12 benches 2 outside picnic tables neon sign trash receptacle flat top merry chef speed oven two door sandwich cooler display case refrigerated Toast POS system 2 low boy coolers refrigerated beverage dispensers 6 induction heaters assorted pots pans utensils 3 two door stand up coolers convection oven utility oven counter top refrigeration unit 2 freezer chests slicer SS shelving three compartment sink coffee maker

Market Competition and Expansion:

Clematis Street is the heart of downtown West Palm Beach. There is no competition in the area for this type of operation.

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.

Relevant Links:

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