Latin and Cuban Restaurant for Sale in Palm Beach County offers Live Music, Full Liquor (4COP SFS License), and qualifies for SBA lending. This one will not last long.
The Restaurant for Sale
has been serving the community for 11 years. Sales have been steady and very strong. In 2021 and 2022 sales were 2,347,836 and $2,013,241, respectively. Net to the owners for the same periods were $460,998 and $311,736. All financials can be verified with excellent books. The sale of the restaurant qualifies for SBA lending and this restaurant could be yours with as little as $200,000 down. The restaurant employs 28 staff members and is open seven days per week for lunch and dinner. The owner works 40 hours per week and has two managers working with him. The restaurant features live entertainment, and the guests love to dance along with the music. The restaurant has the 4COP SFS license and offers its guests Liquor, Beer, and Wine.
The restaurant is in Palm Beach County, the city is confidential until an NDA is signed and proof of funds of $250,000 is presented. This Restaurant for Sale is in a master-planned community with more than 7,000 residents, two college campuses, two public schools, hotel, office buildings and a baseball stadium that hosts spring training for MLB and is home to a minor league team. The restaurant occupies 3,100 square feet under air and has a 700 square foot patio. More than 150 guests can be accommodated inside and more than 50 outside. The monthly rent including all CAMS and taxes is $9,496. The lease expires on June 30, 2025 and there is a five year option attached. Contact We Sell Restaurants
for more information.
The fully equipped commercial kitchen has everything you need to continue the operation. This is a turnkey opportunity. The exhaust hood is 17 feet in length and the grease trap is in ground. Parking at this Restaurant for Sale will never be an issue. Under the exhaust hood sits a six eye burner with oven, two eye burner, char-broiler, flat top, three fryers, convection oven, salamander, and a three hotel pan electric steam table. There is a walk-in cooler, multiple ice machines and commercial refrigeration throughout. The front of house is decorated nicely and seats more than 150 guests. The live entertainment is set-up for the bar guests and dining room guests to enjoy. The outdoor patio is very popular and seats more than 50.
The restaurant features food from Cuba and Latin America. A lunch menu is offered from 11 am – 4 pm. The tapas is very popular and there is a separate catering menu. Dinner items include Chicken, Beef, and seafood. Something for everyone on this menu. When you purchase this Restaurant for Sale the menu will transfer with all recipes and the owner is offering two weeks of training at no cost to insure a smooth transition of ownership.
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 Restaurants 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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