Iconic ABSENTEE Owned SE Florida Restaurant
Not Disclosed, FL Palm Beach County
Asking Price:
$1,500,000
Annual Revenue:
$2,236,443
Request More Information Contact the Seller
- RE: Iconic ABSENTEE Owned SE Florida Restaurant
- Contact: Randy Bring
Quick Facts
| Asking Price: | $1,500,000 | |
| Annual Revenue: | $2,236,443 | |
| Net Profit: | $273,839 | |
| Cash Flow: | Not Disclosed | |
| Total Debt: | Not Disclosed | |
| FF&E: | $250,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2012 | |
| Employees: | 80 | |
| BBN Listing #: | 994832 | |
| Broker Reference #: | 101345526 |
Business Overview:
This landmark food and beverage destination is known as THE local go to place fusing the best of American, Asian and Italian influences into an incredible dining and beverage experience. Blending a family, fun and very contemporary atmosphere, this almost 300 seat restaurant (inside and out) offers price and value for any gathering.
- Owner has no direct day to day involvement with restaurant operations
- Full management team in place including GM, front of the house, kitchen and bar.
- Multi-Million dollar professional design and build out.
- Stated Financials are part year for 2025 Jan.-April $2.23MM revenues, $274K Adj. EBITDA.
- Prior year financials are from Business Tax Returns and are presented as EBITA not “SDE”, or “Owner to prove”.
- Casual lunch (31% of total revenue ), happy hour and dinner (69% of total revenue).
- Food/Beverage mix by revenue is approximately 76% food/24% beverage.
- Long Lease in place with options to renew.
- Multi industry and media award winning restaurant and the subject of numerous Florida media food & beverage article publications.
- Full OFFERING MEMORANDUM available for qualified buyers including comprehensive financials, lease, equipment list and a full video tour of the property exterior, the dining room and the kitchen.
- All interested parties must sign an NDA, provide proof of funds and BIO/resume. Owner will not consider disclosure to a Buyer prospect without related direct F&B experience.
- Excellent E-2 Treaty Investment VISA opportunity business for qualified and experienced Buyers.
Please refer to listing #0101345526 & ask for Randy Bring or Alan Kaye when inquiring.
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Property Features and Assets:
5,800 SF in retail plaza @ $27,577/mo.
Market Competition and Expansion:
Unknown/Unlimited
Reason for Selling:
Transition to Retirement. Kindly ask the seller for more information.Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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