Restaurant for Sale in Lake Worth - Great Location and Lease in Place

Lake Worth, FL (Palm Beach County)

Restaurant for Sale in Lake Worth - Great Location and Lease in Place
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Asking Price: $99,000

Established: 2017

Restaurant for Sale in Lake Worth - Great Location and Lease in Place

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Asset Sale Description

The Palm Beach Restaurant for Sale is turnkey and ready for a new owner. Located in a recently renovated shopping center and densely populated area this space can convert to any concept. The restaurant is fully equipped and restaurant license will transfer.
The restaurant for sale was built in 2017. The restaurant brokers are offering the fully equipped business for sale with all current licenses in place as an asset sale. The furniture, fixtures, and equipment include a flat-top grill, fryers, six-eye burner with stove, Tandori oven, walk-in cooler and walk-in freezer, ice machine, commercial refrigeration and much more.
The leasehold improvements include a 16- foot exhaust hood with fire suppression system, grease trap, security camera system, two ADA restrooms and much more. This space, currently an Indian concept, could easily convert to any concept. All licenses are in place and you are in business immediately.
The 2,384 square foot restaurant for sale currently seats 58 guests in the well-designed and comfortable dining room. The recently renovated shopping center, that is anchored by Publix and a 50,000 square foot entertainment center, has easy in and out access and ample parking. The traffic count on the very commercial road is in excess of 49,000 vehicles per day. The three- mile radius population is more than 110,000 residents with an average household income of $71,632.
Data indicates that the population growth in this area will continue to grow at a steady pace for the next ten years. The lease in place has excellent terms with an expiration date of June 30, 2022 with a five-year option attached. Monthly rent including CAM and taxes is $4,000 per month.
Purchase a fast path to sales with this Restaurant for Sale! This is an asset sale so limited documents are available. The area is home to many high volume and successful restaurants. You are purchasing the furniture, fixtures and equipment, along with the rights to the location (the lease.).
The current concept has been in place for just over two years. The average sales have been in excess of $7,000 per week (closed on Monday.) If you want to continue with the Indian concept the seller will transfer all recipes with sale.

Detailed Information

Location:
Lake Worth, FL
Facilities:
5 two top tables 9 four top tables 3 booths Booth seating 40 chairs 3 steam tables for buffet Chafing dishes 4 high chairs Host stand Television 2 neon signs Ice machine 7 prep tables 3 microwaves ss shelving Three compartment sink 3 candy stock pots Low boy cooler Two door sandwich cooler Six eye burner with stove 3 fryers Flat top Tandori oven Two door beverage cooler Walk-in cooler Walk-in freezer Single door stand-up freezer 2 Two door stand-up cooler POS system 16 foot exhaust hood Assorted pots pans utensils smallwares
Support & Training:
Two Weeks of Training is included with no compensation
Reason for Selling:
Relocation
Business Website:
http://www.wesellrestaurants.com
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Ken Eisenband

Asset Sale Listed By:
Ken Eisenband

We Sell Restaurants

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business.


Sponsoring Broker:
Eric Gagnon

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