This Italian Restaurant for Sale in Palm Beach County, Florida has served the community for 17 years. Health issues in 2022 limited hours of operation and income generated. Seller financing of up to 50% is being offered. Make an offer, lets make a deal.
The Royal Palm Beach Italian Restaurant for Sale
has a history of providing quality food for its customers and steady income to the owner. The restaurant had sales of $285,605 in 2022 and $401,377 in 2021. These sales were achieved with limited hours due to ongoing health issues. The restaurant was closed for almost one month in 2022 and then worked with limited hours for the remainder of the year. The seller spent zero dollars in advertising. Only open six days per week, closed on Mondays, from 4 pm – 10 pm. The net to the owner/operator in 2021 was $70,202. The shopping center and area will certainly support lunch business. The restaurants sales are derived primarily from pick-up and catering. The restaurant only delivers for large orders and does not use any third-party delivery services. A new owner can keep this business model or if looking for immediate growth, add lunch hours, in-house delivery, and use of third-party delivery services.
The Restaurant Brokers at We Sell Restaurants
know that this restaurant has a great location. Located in a very popular shopping center that is anchored by a newly remodeled grocery store, a big box pet store, and includes tenants such as National and local restaurants, retail operators, and service providers. The shopping centers signage is excellent, and this Italian Restaurant for Sale has good visibility from the street. The areas demographics are very strong. More than 114,000 residents with an average household income of $67,000 live in a five-mile radius of the restaurant. Royal Palm Beach has seen a drastic uptick in applications for new residential and commercial development. The restaurant is 1,575 square feet in size. It has eight tables in its dining room and seats 32 guests very comfortably. The monthly rent is $5,850 including all CAMS, waste removal, and taxes. The lease expires on November 30, 2025, and there is a five-year option attached.
The fully equipped Italian Restaurant for Sale will include the transfer of all assets. The exhaust hood is twelve feet in length, the grease trap is in ground and there is a walk-in cooler. The equipment package includes two six-eye burners with ovens, fryer, double stacked convection oven, steam tables, and plenty of refrigeration. The front of house has four booths that seats16 guests and four, four table tables with chairs. The total seating in the dining room is 32 guests.
The restaurant sales are driven by pick-up and catering. Delivery for catering orders is available. There is a menu for the restaurant and a separate catering menu. The menu includes all your favorite Italian dishes. Pasta, Baked Pasta, Salads, Chicken, Sausage, and Seafood entrees are all featured on the menu. There is a section for pizza and calzone. Pizza sales are a very small part of the business. The catering menu at this Italian Restaurant for Sale features all of your favorites in full and half tray sizes.
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This is a Certified Pre-Owned Restaurant® the highest standard for restaurant listings. It has been reviewed by a Certified Restaurant Broker® and has verifiable Sellers’ Discretionary Earnings (SDE). It has been listed based on the strictest industry standards and if SBA lending is advertised, the business earnings qualify subject to Lender’s review & approval.
The Business Analysis Tool with the latest profit & loss information is available for immediate review by qualified buyers and has been evaluated based on industry guidelines for expense ratios.
The equipment in the store transfers free and clear of any liens subject to UCC Lien search by closing agent. If the space is leased, it is available for assignment, extensions, renewal or new agreement for qualified buyers and if the business is a franchise, it meets the criteria for transfer for assignment of the franchise.
The acquisition of a Certified Pre-Owned Restaurant® includes the services of a Certified Restaurant Broker® at no cost to the buyer.
Please click on the tab below to easily acknowledge confidentiality on this Italian 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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