Restaurant for Sale in Lake Worth - Great Location and Lease in Place

The Palm Beach Restaurant for Sale is turnkey and ready for a new owner. Located in a recently renovated shopping center and densely populated area this space can convert to any concept. The restaurant is fully equipped and restaurant license will transfer.

The restaurant for sale was built in 2017. The restaurant brokers are offering the fully equipped business for sale with all current licenses in place as an asset sale. The furniture, fixtures, and equipment include a flat-top grill, fryers, six-eye burner with stove, Tandori oven, walk-in cooler and walk-in freezer, ice machine, commercial refrigeration and much more.
 
The leasehold improvements include a 16- foot exhaust hood with fire suppression system, grease trap, security camera system, two ADA restrooms and much more. This space, currently an Indian concept, could easily convert to any concept. All licenses are in place and you are in business immediately.
 
The 2,384 square foot restaurant for sale currently seats 58 guests in the well-designed and comfortable dining room. The recently renovated shopping center, that is anchored by Publix and a 50,000 square foot entertainment center, has easy in and out access and ample parking. The traffic count on the very commercial road is in excess of 49,000 vehicles per day. The three- mile radius population is more than 110,000 residents with an average household income of $71,632. 
 
Data indicates that the population growth in this area will continue to grow at a steady pace for the next ten years. The lease in place has excellent terms with an expiration date of June 30, 2022 with a five-year option attached. Monthly rent including CAM and taxes is $4,000 per month. 
 
Purchase a fast path to sales with this Restaurant for Sale!  This is an asset sale so limited documents are available. The area is home to many high volume and successful restaurants. You are purchasing the furniture, fixtures and equipment, along with the rights to the location (the lease.).
 
The current concept has been in place for just over two years. The average sales have been in excess of $7,000 per week (closed on Monday.) If you want to continue with the Indian concept the seller will transfer all recipes with sale.

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

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 the express permission of We Sell Restaurants. We Sell Restaurants is a federally registered trademark.

Listing

  • Listing#: 7134
  • Price: $99000
  • Location: Lake Worth
Lease Term: Expires June 30, 2022 plus five year option
Monthly Rent: $4000,
Indoor Seating: 58
Inside Sq. Ft: 2384,
Hood System: Yes
Neighboring Businesses: Publix, Action Center, Bank, Dollar Tree, Restaurants, Retail, Service Providers
Hours Open: Closed Monday -Will do private parties Tuesday -Sunday 12pm-3pm; 5-10pm
# of Part-Time Employees: 7
# of Full-Time Employees: 2
Net Sales: $320000.00

Features

  • Restaurant for Sale in Lake Worth Can Convert to Any Concept
  • Fully Equipped and Recently Refreshed the restaurant is redy for a new owner
  • 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 $70,000 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
  • All Licenses will transfer and you can be in business immediately
  • Restaurant for Sale