Vietnamese Restaurant For Sale In Lake Worth - Can Covert Concept

Business Overview:

This established Vietnamese restaurant for sale has successfully served the Lake Worth community for the past five years and has operated under the current ownership for the last year. The owner has made the decision to retire, creating an excellent opportunity to acquire a fully equipped restaurant through an asset sale.
From We Sell Restaurants, the kitchen is fully equipped to support high-volume restaurant operations. Features include a 21-foot exhaust hood, two walk-in coolers, a convection oven, a six-burner range, two wok cooking stations, a stock pot burner, char-broiler, commercial rice cooker, and commercial-grade refrigeration. The equipment package allows a buyer to begin operations immediately with minimal additional investment
A favorable lease is already in place through March 31, 2031, with exceptionally affordable monthly rent of just $3,504, including CAM charges and water. There is one five year option to renew in place. This provides a new owner with long-term occupancy at below-market occupancy costs. The business generates approximately $300,000 in annual sales and is operated by a staff of four, including the owner. The restaurant is open six days a week, serving both lunch and dinner, and offers a welcoming dining room with seating for 32 guests within its efficient 1,200-square-foot layout.
While the restaurant for sale currently operates as a Vietnamese concept, the location and layout are well suited for virtually any Asian cuisine or a Latin-inspired restaurant. The surrounding shopping center offers an excellent mix of complementary businesses, including a pizza restaurant, Asian market, Mexican restaurant, medical offices, and a variety of neighborhood service providers, creating consistent customer traffic and valuable cross-shopping opportunities.
The market fundamentals are equally compelling. The surrounding area continues to experience steady residential growth, providing an expanding customer base for years to come. Within a one-mile radius, the population exceeds 13,000 residents. More than 132,000 people live within three miles, and over 370,000 residents are located within five miles of the restaurant. Consumers within that five-mile radius spend more than $3.2 billion annually, demonstrating the area's strong purchasing power and long-term retail demand.
This is an outstanding opportunity for an owner-operator or experienced restaurateur seeking a turnkey location with affordable occupancy costs, quality equipment, established sales, and the flexibility to continue the successful Vietnamese concept or introduce another Asian or Latin cuisine in a thriving and growing Lake Worth market.
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Property Features and Assets:

POS System Clover - Leased
4 prep tables
table top convection oven
single door sandwich cooler
two glass door beverage cooler
single door beverage cooler
ice machine
convection oven
2 microwaves
three door sandwich cooler
fryer
six eye burner
two wok stations cooker
candy stock pot burner
rice cooker
SS shelving
residential freezer
2 walk in coolers
4 freezer chests
8 tables
32 chairs

Market Competition and Expansion:

1. Large and growing customer base - 1-mile population: 13,196, 3-mile population: 132,605, 5-mile population: 370,776
More than $3.2 billion in annual consumer spending within five miles.
2. Strong visibility
3. Established neighborhood shopping center
4. Diverse demographics - This diversity supports a wide range of restaurant concepts, particularly ethnic cuisine, fast casual, bakery, coffee, and takeout.
5. Medical employment nearby

Reason for Selling:

Retirement. Kindly ask the seller for more information.

Additional Details:

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