Price: $850,000
Location: Palm Beach County
Industry: Restaurant and Food
Listing ID: 42734692
Listing Status: New
This newly established Mediterranean restaurant, located in a bustling plaza, has quickly become a local favorite for its exceptional and delicious cuisine. The business boasts a strong reputation in the community, drawing in a loyal customer base. Recently renovated, the restaurant offers a modern, inviting atmosphere and authentic food, perfect for dining in.
With a highly experienced and dedicated team already in place, this business is well-positioned for continued success. Whether you're an experienced restaurateur or looking to enter the vibrant food industry, this is an outstanding opportunity to own a successful and well-known establishment.
Financials shown represent 2024 annualized figures. 2024 January-June Revenue is $945K, and adjusted net is $192K.
Contact us today to learn more about this exceptional opportunity.
Please be advised that all potential buyers are required to submit a signed Non-Disclosure Agreement (NDA) and provide a financial statement or proof of funds, as well as a brief background.
Confidential Information Memorandum (CIM) will only be shared with financially vetted and experienced potential buyers.
Down Payment: $850,000
Total Sales: $1,890,420
Cash Flow: $385,168
EBIT: N/A
EBITDA: N/A
Accounts Receivable: N/A
FFE: $50,000
FFE Included: Yes
Inventory: $25,000
Inventory Included: Yes
Year Established: 2023
Year of last Acquisition: 2023
Days & Hours of Operation: 12PM-10:30PM
Owner Hours Per Week: 40
Lender Pre-Qualified: No
Non-Owner Payroll: N/A
Employees: 12
Managers: 1
Absentee Owner: No
Security on Lease: Yes
Lease Option: 5 year option available
Real Estate: N/A
Real Estate Included: No
Monthly Rent: $9,848
Type of Location: Retail Center
Square Footage: 3098
Franchise: No
Relocatable: No
Facilities Information: Lease Expiration: 5/17/2028
Training & Support: The seller will provide two weeks of training.