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Cafe for Sale in West Palm Beach – Northwood Village

Cafe for Sale in Hip Northwood Village of Palm Beach County has below market rent and plenty of space for your concept!

This Cafe for Sale? in the Northwood Village of West Palm Beach is ready for a new owner. The sellers of this cafe are ready for retirement. Northwood Village is known for its “Fine and contemporary dining, eclectic and vintage shops, and modern salons that dot the streets, creating a hub for hipsters, foodies, fashionistas and designers. The neighborhood vibe is more reminiscent of northern California or bohemian European capitals, where walking is encouraged.” per Palm Beach Illustrated. WPBMagazine had this to say about Northwood Village – “The word on the street – and the beach and the city – is that Northwood is the “Historically Hip” place to live, shop, eat and hang out. With property values rising, and a herd of cutting edge shops, galleries, cafes and restaurants moving in, Northwood is the most buzzed-about neighborhood in the county. The Bohemian Vibe of Northwood Village has even been written up for good reasons in publications such as The New York Times, Architectural Digest and Southern Living.” Northwood Village has been compared to Miami's Windwood District. The developer of Noorthwood village said that plans to build an anchor site, apartments and additional retail are moving along nicely. The project, slated to start in late 2021 or early 2022, will add 350 apartments and 50,000 square feet of retail. The developer has said the project will not be built bit by bit, but rather in just one phase.

Need lending assistance?  This Cafe for Sale, priced between $20,000 and $200,000 can be financed with our lending partners.  If your credit score is 680 or above, contact the restaurant brokers at We Sell Restaurants for an introduction to our teams that can have you approved in the next 48 hours?
 
The Cafe for Sale has been built-out and opened in 2018. Good fortune has enabled the owners to be able to retire and travel the world. For that reason, they are looking to sell the passion project that they have created. We Sell Restaurants is offering up this opportunity, the current concept serves salads, sandwiches, and bakery items to its loyal regular customers and locals and tourists visiting the village. The cafe has a 2COP license in place which allows them to serve beer and wine to its guests. The cafe offers fine Californian Wines, Domestic and International Beers as part of its menu.
 
The restaurant space is 2,000 square feet and currently is set up to seat 50 guests inside and another 9 guests outside. This Cafe for Sale that is open six days per week from 9 am through 4 pm Tuesday throughSunday. Monthly rent is only $2,500 per month including all CAMS and taxes. The lease expires on February 28, 2023 and there is a five-year option attached. The value of this offering is in current guests that visit the cafe frequestly, the long-term lease that is below market price and the leasehold improvements made to the space. Bring your concept or build on the current concept in Northwood Village and get below market rent in an area that is becoming a hotspot in the county.
 
The cafe kitchen is very simple. No exhaust hood is present but can be installed with proper permitting. The kitchen equipment includes a two-eye burner, table-top fryer, panini press, convection oven, and plenty of refrigeration. The front of house is complete with bakery display for both refrigerated and non-refrigerated items. This Cafe for Sale is set up as a mixed-use facility that doubles as a gallery. Any concept that takes over this space will be happy with the bones. Any new owner will be quite pleased with the design of the space to include the flooring and ceiling. The wall art that is present will  transfer to the new owner if desired. This space lends itself to special events and private parties.
 

Please click on the tab below to easily acknowledge confidentiality on this Cafe 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#: 8163
  • Price: $99000
  • Location: West Palm Beach

Lease Term: expires on February 28, 20203

Monthly Rent: $2500,

Indoor Seating: 50

Inside Sq. Ft: 2000,

Hood System: No

Neighboring Businesses: Restaurants, Boutiques, Art Galleries, Service Providers

Hours Open: Tuesday thru Sunday 9am - 4 pm, Closed on Monday

# of Part-Time Employees: 0

# of Full-Time Employees: 0

Net Sales: $100000.00

Features

  • Cafe for Sale in Northwood Village, West Palm Beach
  • Northwood Village has great foot traffic. Street is dotted with unique boutiques, art galleries, and restaurants
  • New Development in area will add 350 apartments and 50,000 square feetof retail
  • Below Market rent of $2,5000 per month for 2,000 square feet. Long term lease is in place and will transfer with sale.
  • Can install exhaust hood with proper permitting
  • 2COP Beer and Wine License in Place
  • Cafe for Sale