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- RE: Location Location: High End Restaurant Palm City FL
- Contact: KIM CAPEN
Quick Facts
Asking Price: | $150,000 | |
Annual Revenue: | $350,000 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $175,360 | |
Total Debt: | Not Disclosed | |
FF&E: | $65,000 | |
Real Estate: | Not Disclosed | |
Year Established: | 1990 | |
Employees: | 3 | |
BBN Listing #: | 987573 | |
Broker Reference #: | 7301738973 |
Business Overview:
Popular fifty-five-seat restaurant Open weekdays and weekends only till early afternoon, with the POTENTIAL to boost revenue by adding dinner hours a beer and wine license, and catering to local venues. Sellers are ready to pass this on to the next ambitious owner. The current staff includes one head cook, one prep who also conducts other duties and one server. The business provides an impressive owner benefit of approximately $80,000 annually. This restaurant is IDEAL for someone looking to take over a WELL-ESTABLISHED, PROFITABLE business with STRONG POTENTIAL. The reason for the sale is simple, the seller wants to retire. This is a unique opportunity for a chef who would own his restaurant, a well-established, family-friendly restaurant located in a vibrant community. Known for its warm ambiance and delicious menu and a reputation for exceptional service. Situated in a high-traffic area with excellent visibility, the restaurant benefits both from local regulars and seasonal visitors. The restaurant offers an inviting interior perfect for casual dining or group gatherings. With a history of consistent and increasing revenue for 35 years, the business is ready for a new owner to continue its success or expand its offerings. The sale includes all furniture, fixtures, and equipment (FF&E), ensuring a seamless transition for the new owner. Popular for its hearty breakfast and lunch options, and well-known sandwiches the restaurant serves a mix of classic American dishes and local favorites that keep customers coming back. Opportunities abound with extending hours, offering catering services, or increasing marketing efforts by adding an online service with more takeout, to attract even more patrons. PLEASE UNDERSTAND THAT THIS IS A MOM-AND-POP OPERATION AND FINANCIALS WILL ONLY BE DISCUSSED IN PERSON. YOU HAVE TO HAVE AN UNDERSTANDING ON HOW A MOM & POP HANDLES THEIR BOOKKEEPING, If you are ENTHUSIASTIC about the restaurant industry and READY TO WORK FOR YOURSELF, do not miss this opportunity. TAKE CONTROL OF YOUR FUTURE and stop working for someone else! Contact me today for more details. Please refer to listing #7301738973, business broker Kim Capen 772-634-1771 when inquiring about this listing.
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Property Features and Assets:
Lease/Month: 6600 Square Footage: 1600 Building Type: strip Terms & Options: 0 Expiration Date: 8/3/2025
Market Competition and Expansion:
Non Compete : Miles: 5 Years: 3
Reason for Selling:
RetirementAdditional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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