PRICE REDUCED on Upscale Beachside Breakfast/Lunch Restaurant

Palm Beach County, FL

Beachside Dining Room
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Asking Price: $325,000

Cash Flow: $150,000

Gross Revenue: $500,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $3,600 /Month

Established: 2009

PRICE REDUCED on Upscale Beachside Breakfast/Lunch Restaurant

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Business Description

PRICE REDUCED on Profitable Business

SALE FELL THROUGH. BACK ON MARKET. Great opportunity to purchase an established profitable breakfast/lunch restaurant beachside in Boca Raton and now at a greatly reduced price. The business is already successful, but there's great potential for additional income by offering dinners, catering, TOGO orders, delivery or private parties, etc. Current owners want to retire and medical issues now warrant sale. Owners are willing to train and introduce a buyer to established local clientele. Ranked in top 5% of ALL 700+ restaurants in Boca Raton on TripAdvisor.

Extremely favorable lease with another 5-year option.
All functioning equipment in place (Some new. The rest well maintained.)
Great staff ready to help with a smooth transition.
Plenty of parking behind building.
All systems in place. Lots of refrigeration and efficient kitchen setup.
Seats approximately 80+. Inside dining room and patio seating available.
Over 1650 sq.ft. of space
Established goodwill developed over 10 years.

The Boca Beach House has earned a great reputation for fresh, quality, slow real food. Why rent a blank space, build-out, furnish, set-up and start at square one when you can start making money day one? Call for more detailed information. Owners will consider all serious offers. Don't miss this opportunity to start making money immediately.

Detailed Information

Location:
Palm Beach County, FL
Real Estate:
Leased
Building SF:
1,650
Lease Expiration:
N/A
Employees:
9
Facilities:
Current lease, including CAM is $3,648/month for 1650 sq.ft. of space. Sale includes most of the equipment. Some equipment is owned by landlord and its use is included in the rent. All equipment and furnishings are in good condition. Local artists display their work on the walls and some of the work is sold through us. Parking lot in rear of building plus there is street parking.
Competition:
The business is in a prime location at the beach and only minutes from downtown. People actually drive from a variety of area cities to come to the restaurant after having read about it on TripAdivisor. Within a five-mile radius, there are only a couple breakfast/lunch restaurants, but they are not the quality and upscale dining that we offer. Our only real competition is the Boca Raton Resort & Club, but even they send us their guests.
Growth & Expansion:
Currently, we serve only breakfast and lunch from 8 a.m. to 3 p.m. A new buyer would significantly increase revenue by offering dinner, TOGO orders, delivery, catering, private parties, or even by just advertising. Current owners do not advertise, but have built the successful business through word-of-mouth.
Financing:
Sellers may consider holding some financing for qualified buyers.
Support & Training:
Owners will thoroughly train buyer in all aspects of running the restaurant. Owners will provide introductions to regular customers for smooth transition. If necessary, Owner will stay on to assist cooks for an agreed upon time period.
Reason for Selling:
Owners want to retire. Medical issues now warrant sale.
Business Website:
http://www.TheBocaBeachHouse.com
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Business Listed By:
Diane DeSantis Hoffman

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