Huge Profits, Sexy Restaurant, Full Bar & Great Location

Palm Beach County, FL

Seller Financing Available
Huge Profits, Sexy Restaurant, Full Bar & Great Location
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Asking Price: $475,000

Cash Flow: $350,000

Gross Revenue: $1,002,797

EBITDA: $350,000

FF&E: $445,000

Inventory: $30,000

Rent: $9,747.50 /Month

Established: 2016

Huge Profits, Sexy Restaurant, Full Bar & Great Location

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Business Description

Scroll Down to Bottom for Cash Flow Details!

A Classic Gourmet American restaurant beautifully appointed with seductive interior design and an amazing high quality menu fit for a king and queen. This restaurant fulfills any restaurateur's dreams with a beautiful main bar that seats 20, covered outside seating for another 30 and at least 50 seats in the main dining room. This restaurant is located in a prime location nestled right in the heart of a bustling, super busy and gorgeous shopping area similar to Delray's Atlantic Ave and Ft. Lauderdale's famous "Las Olas" strip.

The best feature about this restaurant is the full 4 COP license that is included in the sale. This is the last 4 COP authorized by the city for this area. This location is primarily a "Dinner" location, but is open for lunch as a courtesy and convenience.

The average number of covers this restaurant does on a weekend night is 150+ per night. The average cost is $50 per plate. They offer an awesome "Brunch" which is consistent year round with approximately 60-80 covers each weekend at $30 per person.The capacity for the restaurant is 150 seats! They currently have approximately 90 seats.

The restaurant owner has made every effort to build a high quality, super profitable restaurant. The food costs sit around 22% of total sales. The rent sits perfectly at about 9% of sales. The revenues are perfectly broken up with about 80% - 20%, credit card to cash ratio. The breakdown of revenues comes in approximately 60% - 40%, Food to Bar ratio.

This restaurant is Rated #1 on YELP with 4+ stars AND #3 on Google with 4.4 Stars!

There is an open container law on the street as well which helps with beer sales during the MONTHLY STREET PARTIES!!! 2x a month, they close the street and have music and parties which drastically drives up bar sales as well. This is also the chosen restaurant and bar for Professional Sports Teams during spring training being so close to the stadium!

The lease offers an "exclusive" being the only restaurant that can have "WINE BAR" in it's name. You do not want to miss this opportunity to own this amazing restaurant! There are ONLY 2 OTHER RESTAURANTS that have the 4 COP license in this plaza!

You will get a return on your purchase within the first 18 months!

FULL DISCLOSURE:
As with all businesses, (especially Restaurants), this business has a STRONG CASH Component that the owner can discuss in person. You will be very happy when you learn more about this amazing and highly profitable restaurant!!!

Anyone with decent restaurant experience should be well aware of the level of income a restaurant reporting $1MM in Credit Card Sales Only can generate. Especially after reading the financial details I provided in the description above. This is a wonderful opportunity and a bangin' business to own. Call me now for details because this WILL NOT LAST, I ASSURE YOU!

Detailed Information

Location:
Palm Beach County, FL
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,785
Lease Expiration:
2/1/2024
Employees:
16
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Beautiful and brand new commercial plaza right in the heart of a gorgeous and highly affluent city. Everything in the kitchen is working perfectly. leasehold build-out costs were around $250,000
Competition:
Very little competition. This is the only high end dining in the plaza! The only wine bar and the chosen spot for professional athletes considering how close it is to the stadium. There is only one other place with full liquor license and it's a loud bar that serves a younger crowd. This is the only spot to go for the right "ambiance"
Growth & Expansion:
As you will see from the tax returns, this restaurant has seen significant growth since inception and will continue to grow with the right owner.
Support & Training:
owner willing to stay on for 2 weeks with additional time available if needed.
Reason for Selling:
Personal health reasons
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Contact the Seller

(from currently available funds)
 
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James Gorson

Business Listed By:
James F. Gorson

Arbitrage Business Solutions Corp.

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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.

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