Restaurant for Sale in Palm Beach County - Absentee and Profitable

The current concept of this Restaurant for sale in Lake Worth, Florida is Indian Cuisine.  The space can easily convert to any concept and is currently absentee run. This is perfect for an investor as staff and management is in place.

The Restaurant for sale has been in operation for one year. The owner has invested in this business, but does not work in the operation. Staff and management are in place and ownership only handles administrative functions. The restaurant for sale is profitable as an absentee investment, but an owner/operator could increase profits significantly by reducing the current labor cost. The business is forecasted to achieve sales of $317,000 in 2018 and when adding back the manager’s salary of $550 per week the restaurant for sale will have a seller’s discretionary income in excess of $50,000.

This profitable Indian restaurant for sale by We Sell Restaurants, is in Palm Beach County.  It is in a recently remodeled shopping center in Lake Worth.  The shopping center has 150,000 SF of rentable space and is anchored by Publix and a major new tenant. The new tenant that has moved in attracts thousands of customers to the center and offers no food. The remodel included new façade, parking lot, lighting, and painting. The daily traffic count in front of this shopping plaza is 49,000 vehicles per day.

Three are more than 110,000 residents within a three-mile radius with an average household income of more than $66,000. The most recent census data indicates that by 2020 the population growth will be more than 7.5% in both the three and five-mile radius areas. The restaurant occupies 2,384 square feet and seats 58 guests. The current lease expires in June of 2022 and has a five-year option period attached. The monthly rent is just $3,997 which includes CAM and taxes.

The fully equipped commercial kitchen has it all. The exhaust hood is 14 feet long and the grease trap is in ground. The equipment package includes six-eye burner with stove, tandoori oven, flat top grill, three candy stock pots, walk-in cooler and freezer, commercial refrigeration, and much more. The cooking equipment uses natural gas, which helps keep expenses low.

The front of house is nicely decorated and comes complete with a POS system and buffet set-up. The buffet is used only on the weekends and has been quite a hit with the customers. All recipes will transfer, and the owner will be available for two weeks for any training and questions about the operation.

Please click on the tab below to easily acknowledge confidentiality on this Restaurant for Sale. For many business opportunities, you will immediately receive the name, address, photos and most recent financials.If you have any questions, please contact Certified Restaurant Broker Ken Eisenband at (561) 350-3365

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Listing

  • Listing#: 6316
  • Price: $78000
  • Location: Lake Worth
Lease Term: Expires June 30, 2022 plus five year option
Monthly Rent: $3997
Indoor Seating: 58
Inside Sq. Ft: 2384
Hood System: Yes
Neighboring Businesses: Publix, Action Center, Bank, Dollar Tree, Restaurants, Retail, Service Providers
Hours Open: Tuesday thru Thursday 11:30 - 2:30, 5:30 - 9:30 Friday and Saturday 11:30 - 3, 6 - 10 Sunday 11:30 - 3, 6 - 9:30
# of Part-Time Employees: 5
# of Full-Time Employees: 3
Net Sales: $317040.00
Owner Benefit: $50976

Features

  • Indian Restaurant for Sale in Lake Worth
  • Absentee Run and Profitable - Seller's Discretionary Income exceed $50,000
  • Fully equipped commercial kitchen features 16 foot exhaust hood, Grease trap, Walk-ins, and more
  • Three Mile Radius Population is in excess of 110,000 and growing with average Household Income of more than $65,000 annaually
  • Daily traffics count is 49,000 vehicles per day
  • Located in 150,000 sf plaza anchored by Publix and Action Center that offers no food
  • Indian Restaurant for Sale