Palm Beach Gardens Restaurant for Sale

Palm Beach Gardens, FL
Palm Beach County


Asking Price: Annual Revenue:
$499,000 $2,692,007

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Palm Beach Gardens Restaurant for Sale Broker: Ken Eisenband
License #: BK3249847

Quick Facts

Asking Price: $499,000
Annual Revenue: $2,692,007
Net Profit: Not Disclosed
Cash Flow: $47,257
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1996
Employees: 42
BBN Listing #: 65848096
Broker Reference #: 6955

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Business Overview:

Waterfront Restaurant for Sale in Palm Beach Gardens generates revenue in excess of $2,600,000 annually. Fully-staffed with management in place, this is a great opportunity for an investor. Seller Discretionary income in excess of $240,000.

In 2018 the ownership of this restaurant for sale earned $241,665 profits on gross sales of $2,692,007. This restaurant is one of the premiere dining spots in the area. Appreciated regionally for its fresh seafood, steaks and Sushi, its indoor dining setting is simplistic, yet elegant, with beautiful waterfront views that make guests feel pampered and relaxed. The patio overlooks the marina with a popular bar area and a dining area that promotes a relaxed dining experience. An executive chef prepares the food that has received rave reviews and the staff is attentive as it has been well trained in customer service. A private dining room is available with a pull down screen and menus that can be tailored to the guests needs.

Brought to you by We Sell Restaurants, this waterfront dining restaurant for sale is located in a popular shopping center with other successful operators. This spot has easy access and great visibility. The three-mile radius population is more than 63,000 residents with an average household income in excess of 103,000.

The average price for a home in this area is $695,066. The busy road in front of the restaurant has more than 41,003 vehicles travel bye on a daily basis. The restaurant is housed in 6,286 square feet with 4,000 square foot waterfront patio. The restaurant seats 214 guests inside and 174 on the waterfront patio. The long term lease expires in 2023 and there is a five year option attached. The very reasonable monthly rent is $21,996 including all CAMS, water. Trash removal, and taxes.

The fully equipped commercial kitchen has it all Featuring two exhaust hoods, 18 feet and six feet in length, in-ground grease trap, and ADA restrooms this restaurant has it all. The kitchen equipment includes a six foot grill three six eye burners with stoves, double stacked convection ovens, salamander, walk-in cooler and freezer, commercial refrigeration equipment and more. The FOH features six terminal POS, 14 televisions, sushi bar, liquor bar, indoor and outdoor seating with views of the water.

The menu and recipes of the successful restaurant will transfer with sale. The menu is diverse and offers steaks, fresh seafood, duck, and pasta entrees. The Sushi offerings are extensive and a raw bar consisting of oysters and clams is available. The restaurant features a 4COP liquor license so Beer, Wine, and Liquor can be offered to your guests. The specialty drinks have an innovative twist making each creation incredible. The wine list is extensive and more than 20 beers are offered in bottle or draft.

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Property Features and Assets:

Inside Tables 44 Chairs 187 Outside Tables 34 Chairs 181 Bar Two 2 door beverage cooler One 3 door keg cooler One glass freezer Sushi bar Two 2 door cooler work top One 2 door freezer worktop Kitchen 6 foot grill Three 6 burners with oven Upper and Lower convection ovens Two 3 door pizza prep cooler One 2 door pizza prep cooler One 3 door cooler work top Steam table Bread warmer Two fryers 1 Salamander Walk in cooler Walkin freezer Walkin beverage cooler POS Micros 3700 6 terminals 14 TVs

Market Competition and Expansion:

The restaurant delights the senses with relaxing views of a Marina in a relaxed, lounge-style dining ambiance. Indoor and outdoor seating available. Diverse menu has something for everyone.

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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