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Restaurant For Sale
Location: United States -> Florida -> Palm Beach County
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

This restaurant for sale needs a new owner to get back on track. The current owner was forced to move out of state shortly after buying in 2015. In his absence, food and labor costs are affecting bottom line. This is the ideal opportunity for someone with restaurant experience.

This restaurant for sale offered by the Restaurant Brokers is located in the booming west-central corridor of Palm Beach County. The average household income of this city is close to $100,000 with an estimated five thousand new homes to be built in the next few years. This restaurant for sale is a hub of activity day and night and has something for everyone including breakfast, lunch, dinner and nightlife.

The 3,500 Square foot restaurant for sale is decorated with a cool, welcoming island flair. Last year the owner invested more than $40,000 in overall renovations. The centerpiece is a horseshoe shaped bar in the middle of the restaurant. A full 4COP SFS license (beer, wine, liquor) is included. There is seating for 150 customers inside where they can enjoy the pool table, Touch Tunes jukebox, DJ booth for late night entertainment, and 14 flat screen TV's for game watching. Rent is a very reasonable $7,800 per month including all CAMS and taxes.

Customers enjoy watching the chefs do their thing in the fully equipped commercial kitchen that has open viewing for the dining room. The 14.5 foot exhaust hood is custom built. The kitchen of this restaurant for sale also features a 60-inch Imperial range with flat top griddle and six burners, a tabletop grill with four burners and Aeroshot two well steam table and other state of the art equipment is included. The walk-in cooler is 12'x6'and the walk-in freezer is 4' x 6' and all other refrigeration is commercial grade.

If you have any questions about this opportunity contact your Certified Restaurant Broker, Robert Morrison, at 917-499-5137


Financials

Asking Price Range:  $250K - $500K
Gross Revenues:   $1,126,226
Cash Flow:   Seller Will Provide
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  No

About The Business

Year Established:  2015
Number of Employees:  20 - 34
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Sale

About The Sale

Management Training and Support:  Owner will train for two weeks at no additional cost
Reason For Selling:  Relocation

Photos

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Restaurant For Sale Photo 1




Print Listing Id: 700287393
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Related Searches: Catering Services  >  Food Production and Packaging  >  Grocery and Supermarkets  >  Liquor Stores  >  Restaurants and Fast Food (Non-Franchise)  >  Vending Machines  >  Other Food and Beverage  > 

Also See: Franchise Opportunities > Franchise Resales > Florida Businesses For Sale > Florida Franchises For Sale > Florida Business Brokers



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