Price: $1,200,000
Location: Palm Beach
Industry: Restaurant and Food
Listing ID: 42734673
Listing Status: New
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 $400K seller financing. 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.
Down Payment: $800,000
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
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
Real Estate: N/A
Real Estate Included: No
Monthly Rent: $26,003
Type of Location: Waterfront plaza
Square Footage: 6286
Franchise: No
Relocatable: No
Reason For Sale: Other business interest
Training & Support: 2 weeks 0 cost