Diner for Sale in Lake Worth, FL - Financing Available, Real Estate A

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Real Estate available. Seller financing is available.
Asking Price:
$175,000

Gross Revenue:
$530,138
Cash Flow:
$74,732
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

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Business Description

Buy this free-standing iconic Diner for Sale in Palm Beach County, Florida that has satisfied the local community for 38 years. Real Estate available. Seller financing is available.
This restaurant has been operating under continuous family ownership for 38 years. The owners are ready to retire and have offered this iconic diner for sale. The restaurant is well known in the community for its philanthropic efforts, friendly service, and quality food. The restaurant has tax return sales in 2018 of more than $525,000 and earnings to the retiring operator in excess of $75,000. Additional income and profits will be discussed in a private meeting. The current seller operates this business with minimal advertising and no social media or Internet presence. Huge opportunity to build this business through website design, delivery service, and Internet media.
The owner of this diner for sale also owns the land and building. The sale of the restaurant does not include real estate, but the seller will entertain offers. The restaurant is free-standing and has a large dedicated parking lot. More than 21,500 cars pass by on a daily basis. We Sell Restaurants knows that this kind of location is a virtual goldmine. The restaurant is 3,000 square feet in size and seats 120 guests. The seller will prepare a new lease for the buyer with terms that are acceptable to all. The asking rent including all pass through and sales tax is $6,500.
The diner for sale is open seven days per week for breakfast, lunch, and dinner. The breakfast menu is complete with all of your favorite standards. Egss, Omelettes, Pancakes, French Toast, and more are prepared by the staff. Lunch and dinner include soups made from scratch, comfort foods, burgers, salads, and sandwiches. The chefs prepare daily specials so the customers will never tire of visiting. The restaurant has a 2COP beer and wine license.
The fully equipped and incredibly spacious commercial kitchen features a fifteen-foot exhaust hood and in-ground grease trap. Under the hood sits a broiler oven, two fryers, long flat top, and ten eye burner with two stores. The refrigeration equipment is commercial grade.
A local favorite, this diner for sale will not last long! Contact the restaurant brokers today before this gem is gone!

About the Business

Location:
Lake Worth, Florida
Year Established:
1981
Number of Employees:
20
Real Estate:
Leased
Building Sq. Ft.:
3,000
Rent:
$6,510.00 Per Month
Facilities:
broiler oven 2 fryers flat top ten eye burner with stove 2 refrigerators stand up cooler 2 two door stand up cooler prep tables 20 quart mixer three compartment sink assorted pots pans utensils smallwares tables chairs
Website:
www.wesellrestaurants.com
Market Outlook/
Competition:
Very well know in area with 38 years of goodwill built in The restaurant is known for its charitable efforts Quality food and friendly service has kept a loyal customer base coming back for years
Growth & Expansion:
The current owner has not built a website or social media presence Adding both of these and subscribing to third party delivery sites can add tremendous sales and profits to the operation
Contact the Seller

About the Sale

Reason For Selling:
Retirement
Training/Support:
Owner will Provide 2 Weeks of No-Cost Training

Listing Info

ID:
1603107
Ad Detail Views:
0

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Business Listed by

Ken Eisenband

We Sell Restaurants
License# BK3249847

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Sponsoring Broker:

Eric Gagnon
We Sell Restaurants
License# H49152

U.S. Census Data for Palm Beach County, FL
Age

Gender

Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Palm Beach County, FL
Income

Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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