Chef Owned Restaurant for Sale – Six Figure Earnings on the Books

Fixed Priced Menu Restaurant for Sale in Boca Raton, Florida with limited hours of operations returns six figures to the chef owner. The gross sales in 2018 exceeded $250,000 and the chef/owner retained $100,000 as earnings.?
 
The boutique destination restaurant for sale located in affluent Boca Raton is only open three nights per week from 7 pm – 10:30 pm. The $99 four course price fixed menu is created by the chef/owner, who has been in place for sixteen years, and is updated frequently. Reservations are necessary and special occasion holidays are sold out months in advance. Online reviews have been excellent. Food Cost and Labor costs are below industry standards due to the price fixed menu (no waste) and chef/owner working the kitchen. Increase the sales and profits by opening additional nights and/or promoting private parties and catering. Call We Sell Restaurants to make an offer today!
 
The restaurant for sale is easy to manage and operate. Located in downtown Boca Raton with easy access in and out of the parking lot. The three-mile radius population is in excess of 78,000 residents with a household income of more than $108,000. The restaurant occupies 980 square feet and seats 24 guests. Monthly rent including CAM and taxes is a reasonable $4,354.83. The lease expires on January 31,2020 and there is a five-year option to renew in place.
 
The chef created menu features four courses – Soup, Salad, Entrée and Dessert. The price fixed menu starts with a glass of sparkling wine. For each course the guest has a few choices. As this is a reservation necessary restaurant you will have an accurate count of guests on a daily basis. This makes food purchasing very easy and cost effective. This restaurant for sale is perfect for a husband and wife team. One in the back of house and one in the front of house.
 
The front of house is decorated nicely, and the ambience is lovely at this restaurant for sale. Very small and charming with seating of up to 24 the restaurant currently only has one seating per evening. To increase sales and profits you can easily increase service times. The current owner is set to retire and is happy with the current hours of operation. Three days per week and less than four hours of service each day.
 

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Listing

  • Listing#: 7170
  • Price: $199000
  • Location: Boca Raton
Lease Term: Expires January 31, 2020
Monthly Rent: $4255-
Indoor Seating: 24
Inside Sq. Ft: 980-
Hood System: Yes
Neighboring Businesses: Restaurants, Retail, Service Providers, Affluent Residences,
Hours Open: Thursday, Friday, Saturday 7pm-10:30pm
# of Part-Time Employees: 2
# of Full-Time Employees: 0
Net Sales: $252902.00
Owner Benefit: $100177

Features

  • Fine Dining, Boutique Restaurant for Sale in Boca Raton, Florida
  • Chef/Owner nets $100,000 annually on very limited hours
  • Increase days of operation and service times to increase sales and profits
  • Easy to manage, expenses are low and cost control is a breeze
  • Perfect for husband and wife team
  • Four course price fixed menu is consistently updated
  • Restaurant for sale