Restaurant for Sale with Over $1 Million in Annual Sales in Florida

Buy this Restaurant for Sale with island flair in Palm Beach County, Florida. Over $1 million in annual sales consistently and recently renovated! Rent is $7,800 per month!

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.

The menu at this restaurant for sale is extensive and varied featuring American classics combined with Island favorites. Breakfast is served Thursday – Sunday. The lunch menu has burgers, flatbreads, wraps, sandwiches, soups and salads. Dinner entrees include ahi tuna, pasta and grilled items like steak and ribs among others. Friday and Saturday nights are for nightlife and fun with a closing time of 2 AM.

If you have any questions about this opportunity contact your Certified Restaurant Broker, Robert Morrison, at 917-499-5137 or email at RobM@WeSellRestaurants.com.

This is an exclusive listing of We Sell Restaurants who is the rightful owner of all intellectual property associated with this website. This may not be duplicated without express permission of We Sell Restaurants. We Sell Restaurants is federally registered trademark.

Listing

  • Listing#: 5773
  • Price: $420,000
Lease Term: Expires Oct 2017 + two 5 yr options
Monthly Rent: $7,800
Indoor Seating: 150
Inside Sq. Ft: 3500
Hood System: Yes
Neighboring Businesses: Major grocery, retail, Chinese food, ice cream, bank, gas station
Hours Open: Monday-Wednesday: 11AM - 11PM Thursday: 7AM - 11PM Friday: 7AM - 12AM Saturday-Sunday: 7AM - 2AM
# of Part-Time Employees: 8
# of Full-Time Employees: 20
Net Sales: $1,126,226

Features

  • Over $1 Million in Annual Sales
  • $200,000 Profit for Owner Consistently
  • Rapidly Growing and Affluent Community in Palm Beach County
  • 4COP SFS License (Beer, Wine, Liquor)
  • Breakfast, Lunch and Dinner Served
  • Pool Table and DJ Booth for Late Night Entertainment
  • American and Caribbean Menu
  • Fully Equipped Commercial Kitchen
  • Restaurant for Sale

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