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Palm Beach County

  • Listing No.: 109-10406

  • Category: Food - Restaurant

Asking Price $60,000
Down Payment $60,000
Gross Revenue $250,000
Total Adjusted Net Income $0
Equipment/Fixtures $150,000
Year Established 2018
General Location Palm Beach County
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Beautifully built-out brand new 2600 sq ft restaurant seating 66 in very busy plaza within a mile of local college in Palm Beach County. Owner is landlord and spent over $300K on amazing build-out and brand new equipment.  Restaurant can be easily converted back to a pizzeria (which it was for 30 years) by simply changing the menu (kitchen still has pizza oven). Currently a Latin restaurant structurally similar to Chipolte with more of a Cuban/Latin flavor. Rent only $5200/month and owner/landlord will sign very long term lease with right tenant. This is an asset sale as restaurant opened in mid-2018 and operationally breaking even. Asking price of $60K (owner would also want 6 months rent in advance) but the equipment stays with the premises; owner will take $125K from buyer wishing to also own the equipment.  Current hours 10am-9pm 6 days and can be expanded. Beer and wine license. Please contact Martin Berliant at 561-827-1181 or email for more information. Non-disclosure form is required.

Gross Revenue $250,000 Listed Price $60,000
Total Income $0 Down Payment $60,000
Base Rent $0 Square Feet 2600
Total Rent $5,200 Lease Expiration
Rent Deposit $0 Lease Options
Inventory $1,000 Leasehold Improvements $150,000
Equipment/ Fixtures $150,000 Other Assets
Full-Time Employees 6 Training Period two weeks
Part-Time Employees 0 Special License Required
Contract Staff 0 Reason for Selling other business interests

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.