Exceptional Mediterranean Restaurant

Price: $850,000

Location: Palm Beach County

Industry: Restaurant and Food

Listing ID: 42734692

Listing Status: New

Description

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.

LISTING DETAILS

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

Operation

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

Location

Real Estate: N/A

Real Estate Included: No

Monthly Rent: $9,848

Type of Location: Retail Center

Square Footage: 3098

Franchise: No

Relocatable: No

Summary

Facilities Information:

Lease Expiration: 5/17/2028

Training & Support:

The seller will provide two weeks of training.

For more information on this listing, please complete our Non-Disclosure Agreement
LISTING OWNER