Browse Restaurants for sale

Profitable Italian Restaurant for Sale in Royal Palm Beach – LOCATION

This profitable Italian Restaurant for Sale in Palm Beach County, Florida has served the community for 16 years. The loyal customer base has provided a steady income stream to retiring owner for years.
 
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 $401,377 in 2021. These sales were achieved with limited hours and no advertising. 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 $5,650 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.
 

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

This is an exclusive listing of We Sell Restaurants who is the rightful owner of all intellectual property associated with this website. This may not be duplicated without the express permission of We Sell Restaurants. We Sell Restaurants is a federally registered trademark.

Listing

  • Listing#: 9278
  • Price: $150000
  • Location: Royal Palm Beach

Lease Term: Expires November 30, 20265

Monthly Rent: $5650,

Indoor Seating: 32

Inside Sq. Ft: 1575,

Hood System: Yes

Neighboring Businesses: National and Local Restaurants, Retail, Service Providers, Grocery store Anchor, Bog Box Pet Store

Hours Open: Tuesday thru Sunday 4 pm - 10 pm, CLOSED MONDAYS

# of Part-Time Employees: 6

# of Full-Time Employees: 2

Net Sales: $401377.00

Owner Benefit: $70202

Features

  • Italian Restaurant for Sale in Royal palm Beach
  • Sixteen Years of Continuous Ownership has resulted in steady and loyal customer base
  • Sales in excess of $400,000 with a net to owner of $70,000 in 2021 on Limited Hours of operation
  • 90% of business is done through pick-up and catering
  • No third party delivery services have been used
  • Delivery only on large catering orders
  • Fully equipped commercial kitchen includes twelve-foot exhaust hood, inground grease trap, and walk-in cooler
  • Potential - add lunch, add third-party delivery, add your own delivery, promote in-house dining
  • Italian Restaurant for Sale
Profitable Italian Restaurant for Sale in Royal Palm Beach – LOCATION

STEP ONE TO

OWNERSHIP

ACKNOWLEDGE
CONFIDENTIALITY

For Additional photos, financial information and equipment list

Watch Video