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Restaurant for Sale in West Palm Beach - Northwood Village

Restaurant for Sale in Hip Northwood Village of Palm Beach County can convert to any concept! Northwood Village has a HIP VIBE tucked away just north of downtown. Bring your concept to this growing area.

The restaurant measures 2,299 square feet and seats 38 guests. Many more can be accommodated in the nicely decorated and comfortable dining room. This Restaurant for Sale has a lease that expires on July 24, 2022. The landlord will extend options to increase the term of occupancy. As part of the lease, you will have the exclusive use of all Furniture, Fixtures, and Equipment (FFE) that is present. The landlord owns most of the equipment. The restaurant has a ten-foot exhaust hood, inground grease trap, tables, chairs, booths, three televisions, Ice machine, commercial refrigeration throughout, four-eye burner with stove, three station wok-cooker, two fryers, walk-in cooler and much more.  The rent for all this is $6,843 per month including all CAMS and Taxes.
 
The owners of this restaurant began operations in 2019. The current concept is Thai. The online reviews have been excellent, 4.7 stars, and sales have been growing. In 2021 sales were more than $415,000 with limited hours. The reason for sale is that the owners are relocating out of the country. The sellers will train a new owner in the concept, but all staff will be leaving as this is a family run business. We Sell Restaurants thinks the ideal concept at this Restaurant for Sale would be Thai or Asian, but any concept would work in this space.
 
This Restaurant for Sale in the Northwood Village of West Palm Beach is ready for a new owner. The sellers of this restaurant are ready for relocating out of the country. 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. WPB Magazine 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 Northwood Village said that plans to build an anchor site, apartments and additional retail are moving along nicely. The project 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 Restaurant 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?
 


 

Please click on the tab below to easily acknowledge confidentiality on this 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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Listing

  • Listing#: 8894
  • Price: $75000
  • Location: West Palm Beach

Lease Term: Expires July 31, 2024

Monthly Rent: $6843,

Indoor Seating: 38

Inside Sq. Ft: 2399,

Hood System: Yes

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

Hours Open: Monday thru Saturday 1:30 PM - 9:30 PM, Sunday 4 PM - 9:30 PM

# of Full-Time Employees: 1

Net Sales: $417000.00

Features

  • Restaurant for Sale in Northwood Village, West Palm Beach can convert to any concept
  • Fully equipped commercial kitchen is prepared to handle high volume - Ten Foot Exhaust Hood and Grease trap in place
  • 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 feet of retail
  • Ideal concepts - Asian, Italian, Greek, Burger, and most others.
  • Restaurant for Sale