Located in an upscale community of Palm Beach County, Florida this Franchised Poke Bowl Restaurant for Sale is absentee run and returning more than $168,000 to the owner.
The Poke Bowl Restaurant for Sale
opened for business in 2019 and saw immediate success. In 2022 the restaurant achieved sales of $1,508,932 with a net to the absentee owner of $168,067. In 2021 sales were $1,392,618, with seller’s discretionary earnings of $161,212. The books are in excellent order and all sales and expenses are on the tax returns. An owner operator can expect higher returns.
The franchised concept has 11 current operating units. Seven are in Florida and the concept is very well known in Palm Beach County. The franchise collects 5% royalties based on sales. There is no marketing fee at the current time. There is no fee to transfer the franchise license. The restaurant utilizes third party delivery options and guests can visit the website to view the menu and order online. The build-out of this Restaurant for Sale by We Sell Restaurants
spared no expenses. The refrigeration is all commercial grade, the grease trap is inground and the dining room furniture is of the highest quality. The restaurant's owner does not work at he store or live in the area, The restaurant has a general manager that splits time in two locations. Shift leaders run day to day operations when GM is not present. The GM handles payroll, ordering, scheduling, and training. Truly and absentee business. Take over the GM duties and your profits will expand.
The growth of the Poke concept has been remarkable. The increase is expected to continue in the coming years with an estimate of 10% growth in the coming year. This growth stems from the healthy aspects of the product and the way that the product is served. Fast casual restaurants have seen the greatest sales increases in the industry over the last few years. This Poke Bowl Restaurant for Sale offered by We Sell Restaurants
is a perfect fit for the current trends in the restaurant industry. The menu at this restaurant for sale consists of Build your own bowls and handhelds. You pick your Base, Protein, Add-ons, Sauces, and Toppings. Desserts, Sides, and Beverages are also offered. The bowl is prepared in front of the guest with the freshest ingredients. At the time of sale the seller will provide fourteen days of training at no additional cost.
This Restaurant for Sale is in a desirable section of Palm Beach County. The five mile radius population is more than 180,000 with an average household income of $100,000.This is the perfect market for the product offerings. The restaurant occupies 1,640 square feet of space and seat 32 guests inside and 12 guests outside. There is no exhaust hood needed in this concept, but there is a grease trap located inground. The monthly rent including all CAMS and Taxes is $6,403. The current lease expires on September 26, 2028. There are 2 five year options.
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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.
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