Waterfront Restaurant

Price: $1,600,000

Location: Palm Beach

Industry: Restaurant and Food

Listing ID: 42734673

Listing Status: New

Description

Discover a unique opportunity to own a stunning waterfront restaurant with 4COP license located in the heart of Palm Beach County. This exceptional establishment, with a capacity of over 300, offers an unrivaled dining experience with breathtaking views, exquisite cuisine, and a vibrant atmosphere. In addition to seafood, the menu has a variety of choices, steaks, sushies, deserts, and a dynamic happy hour selection. This waterfront gem is not just a restaurant; it's a destination. A very motivated seller that provides an option of $600K seller financing to be paid as 4,000/month interest-only first the first 12 months, $300,000 lump-sum payment, $2,000/month for the next 11 months, then last payment of $300,000 balloon payment. Please provide the NDA, financial statement/proof of funds, and background information to receive the CIM, which will be shared only with financially vetted and experienced prospective buyers.

LISTING DETAILS

Down Payment: $1,000,000

Total Sales: $2,457,118

Cash Flow: N/A

EBIT: N/A

EBITDA: N/A

Accounts Receivable: N/A

FFE: N/A

Inventory: $50,000

Inventory Included: Yes

Operation

Year Established: 2019

Year of last Acquisition: 1

Days & Hours of Operation: Friday-Saturday 3:30PM-11PM, other days 3:30PM-10PM

Owner Hours Per Week: 0

Non-Owner Payroll: N/A

Employees: 29

Managers: 2

Absentee Owner: Yes

Security on Lease: Yes

Lease Option: Lease Expiration Date: 11/30/2028

Location

Real Estate: N/A

Real Estate Included: No

Monthly Rent: $26,003

Type of Location: Waterfront plaza

Square Footage: 6286

Franchise: No

Relocatable: No

Summary

Reason For Sale:

Other business interest

Training & Support:

2 weeks 0 cost

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