Florida Restaurant for Sale Nets $160,000

Village Of Golf, FL
Palm Beach County


Asking Price: Annual Revenue:
$250,000 $1,108,285

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Florida Restaurant for Sale Nets $160,000 Broker: Ken Eisenband

Quick Facts

Asking Price: $250,000
Annual Revenue: $1,108,285
Net Profit: Not Disclosed
Cash Flow: $160,429
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2013
Employees: 14
BBN Listing #: 92458096
Broker Reference #: 7932

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Business Overview:

You will live the Florida dream when you buy this top-rated restaurant for sale in Palm Beach County with sales in excess of $1,100,000 and returns of $160,000 to owner. LENDING AVAILABLE for BUYER with strong credit.

This Palm Beach County restaurant for sale has excellent books and records. The restaurant has been in business since 2013. The current owner purchased the restaurant in April of 2019 and has decided to relocate his family out of the area. Online reviews have been excellent for years and the current owner has kept the high service standards, great food quality, and top rating on Trip Advisor and other online services. From April 9 - December 31, 2019 the restaurant achieved $711,000 in sales. Adding normal operating sales for January, February, and March annualized sales are $1,100,000. This was accomplished while being closed for four weeks in September (this restaurant has closed in September since inception, original owner vacationed in Europe each year.), one week for Thanksgiving and one week for Passover. The restaurant is closed on Monday throughout the year and Monday and Tuesday during the summer. Operating hours are from 4:30 pm - 9 pm on all open days. Stay open later at night, open for lunch, open in September and increase sales and profits. Covid 19 has influenced the sales. Sales through the summer have been averaging $40,000 per month. These sales should increase significantly as we get into the "season".

This restaurant for sale is in a Publix anchored shopping center that has 135,000 square feet of retail space available. Within a ten-minute drive of the restaurant 221,000 residents live with an average household income of more than $72,000. The daytime population in a three-mile radius is more than 100,000. This indicates that a strong lunch business is feasible if new ownership decides to open for lunch. The restaurant occupies 3,150 square feet of space under air and seats 97 customers inside in a combination of tables and chairs, and booths. The outside patio is set up to accommodate 25 guests and is nicely decorated. The outside patio has aided in attracting business during Covid -19. Monthly rent of $6.702 includes all CAM and taxes. The lease expires on February 29, 2024 and there is a five-year option attached. The Restaurant Brokers can answer all your questions about this lease.
The restaurant is owned and operated by a husband and wife team. The husband runs the kitchen. The wife manages the front of house. The menu is continental cuisine. Menu items consist of assorted Chicken dishes with sauces created by the chef. Lamb duck and veal are prominently featured on the menu along with plenty of seafood and fish. There is a twilight special offered daily and attracts a nice crowd prior to 5:30 pm. This restaurant for sale has the 2COP beer and wine license.
All recipes will transfer with sale and the seller will remain for two weeks of training at no cost. To obtain all pertinent on this restaurant for sale you must agree to confidentiality and provide proof of funds in the amount of $150,000.

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Property Features and Assets:

2 tray jacks 20 tables 2 bar stools 76 chairs booth and bench seating 29 outside chairs 8 outside tables artwork on walls espresso machine two glass door low boy beverage cooler freezer chest stand up wine cooler ice well POS system 16 camera security system dish machine 2 six eye burner with stove fryer flat top with stove 2 two door sandwich cooler four hotel gas steam table 2 heat lamps microwave 2 two glass door beverage cooler speed rack 3 prep tables 2 two door stand up freezer ice machine walk in cooler slicer 20 quart hobart mixer 2 single door stand up cooler SS shelving table top steamer table top convection oven assorted pots pans utensils.

Market Competition and Expansion:

Boynton Beach and the surrounding areas are growing at a rapid pace The area has seen explosive growth of affluent gated communities The residents of these communities eat out or take in the majority of their meals.

Reason for Selling:

Moving

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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