Restaurant and Bar for Sale in Palm Beach County – $1,900,000 in Sales

Buy this Restaurant and Bar for Sale in Royal Palm Beach, offered by the restaurant brokers, with sales in excess of $1.9 million and 4COP SFS License in place.
 
This restaurant and bar for sale was built-out in 2014 with no expense spared in the design of the kitchen and dining room. The current concept has been in place since 2017. The dining room seats 155 guests with a combination of booths, tables and chairs, and bar seating. There are also 16 available outdoor seats for those guests who wish to take advantage of the excellent South Florida weather. This Bar and Restaurant for Sale comes with a separate party room that measures 1,500 square feet and is used for special event parties. This room can accommodate parties of up to 60 guests. The restaurant for sale currently is in possession of a 4COP SFS license which allows service of liquor, beer, and wine to its guests. The current and successful concept is for sale, but this venue can easily be converted to any concept. You must see the dining room and kitchen to appreciate the expense paid to build-out this facility. Being offered at pennies on the dollar due to health and family issues of the seller.
 
The total amount of rented space of the Restaurant and Bar for Sale, offered by the Restaurant Brokers, is 6,000 square feet. The main restaurant and kitchen is 4,500 square feet and the party room is 1,500 square feet. The three-mile radius population is 68,400 with a household average income of $91,202. The daytime population is 61,447 and the daily traffic count in front of this restaurant is 55,493 vehicles per day. The monthly rent including all CAMS and taxes at this Diner for Sale is $14,511. This is below the 10% rent to sales ratio that restaurateurs normally seek. Sales records are perfect, and the seller can prove the 2019 sales of $1,908,108.
 
The fully equipped commercial kitchen of this restaurant and bar for sale in Loxahatchee, Florida has been designed with high volume in mind. There are three separate exhaust hoods with the longest being 20 feet long. The cooking equipment includes flat top grill, char-broiler, two six-eye burners with stove, three convection ovens, two fryers, proofing oven, salamander, and much more. The kitchen at this restaurant and bar for sale has a large walk-in cooler and walk-in freezer and all other refrigeration is commercial grade. The smallware package is extensive and includes a 25-liter blender, meat slicer, and 20-quart dough mixer. You must see this kitchen to fully appreciate.
 
This restaurant and bar for sale has a very profitable food to beverage sales mix of 75%/25%.  Breakfast, lunch, and dinner is offered. The full liquor bar has ten bar stools and high-top tables to accommodate the happy hour and late-night guests. The restaurant menu will not disappoint. Full breakfast menu is available and the lunch, dinner menu is extensive. All recipes will transfer with sale and two weeks of training will be provided at no extra cost.
 


 

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Listing

  • Listing#: 7551
  • Price: $125000
  • Location: Loxahatchee
Lease Term: February 28, 2024
Monthly Rent: $14511.90,
Indoor Seating: 155
Inside Sq. Ft: 6000,
Hood System: Yes
Neighboring Businesses: Restaurants, Retail. Service Providers
Hours Open: Monday-Friday 9am-2am Saturday and Sunday 8am-2am
# of Part-Time Employees: 3
# of Full-Time Employees: 28
Net Sales: $1908108.00

Features

  • High Volume Bar and Restaurant for Sale in Palm Beach County
  • 4COP SFS License allows Liquor, Beer, and Wine Sales
  • Gross Sales of $1.900,000 in 2019
  • Fully Equipped Commercial Kitchen Features has it all - 20 foot exhaust hood, plus two more five foot hoods in prep area
  • The three-mile radius population is 68,400 with a household average income of $91,202
  • Venue can convert to any concept looking for high volume and full bar
  • Bar for Sale