Waterfront Restaurant and Bar for Sale in South FL - SEVEN FIGURE Sale

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With a beautiful view and low rent this one will not last long.
Asking Price:
$750,000

Gross Revenue:
$1,032,000
Cash Flow:
$317,011
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

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Business Description

Palm Beach County, Florida Restaurant and Bar for Sale is located at a busy Marina. With a beautiful view and low rent this one will not last long.
If you are looking for a Florida waterfront business, look no further. Located at a Marina with stunning views this restaurant and bar for sale is searching for a new owner. This restaurant and bar for sale was established in 2017 and was a hit with the locals and tourists immediately. The restaurant and bar for sale was opened for just nine months in 2017 and averaged over $75,000 per month in Gross Sales. For the first ten months of 2018 sales have averaged over $90,000 per month. The rent is below 5% of gross sales and the food to alcoholic beverage sales mix is a healthy 60/40. This adds up to a seller's discretionary income of more than $25,000 per month.
The restaurant and bar for sale has 1,000 square feet of space downstairs. This space is dedicated for the kitchen, restrooms, and a small dining area. Upstairs is 800 square feet of storage space and office space. The outdoor patio is extremely large and has a large rectangular bar along with tables and chairs. The patio seat 160 guests. Guests at the patio have a view of the water and boats. Brought to you by We Sell Restaurants, the restaurant and bar for sale is part of the “marina village” and is the only food and beverage location on site! The village offers tourists and locals fishing charters, water taxi, boat and wave runner rentals, kayak and paddle board rentals, Eco-tours, and a variety of water sports. Not to mention the hundreds of boats that are stored year round at the facility. The very low rent of $3,694 per month includes CAM and taxes!
The restaurant and bar for sale has a menu that is considered “Floribbean Cuisine.” Featuring a wide range of cultures and cooking styles, the menu features a combination of Latin, American, Italian and Mediterranean Cuisine. The menu items consist of local favorites search as conch fritters, snapper ceviche, along with a variety of fresh fish and seafood, burgers, salads, flat-breads and much more. All recipes will transfer and the dedicated staff will remain to insure the quality that the guests have come to appreciate remains.
The commercial kitchen and outdoor bar is fully equipped with everything you will need to keep this business growing. The exhaust hood is ten feet long and has a char-broiler, flat top grill, two fryers, and a four eye burner sitting underneath. All refrigeration is commercial grade and in excellent condition!

About the Business

Year Established:
2017
Number of Employees:
17
Real Estate:
Leased
Building Sq. Ft.:
1,900
Lease Rate/Sq. Ft./Mo.:
$3,694.00
Lease Expiration:
2/28/2027
Facilities:
3 Stand-Up Freezer 1 Freezer Chest Catering Supplies - Assorted 3 Spire Bins 18 Camera Security System 2 Fryer Flat Top Char Broiler Refrigertor - 2 Drawer equipment stand 4 Eye Burner Double Stand Convention Oven Panini Press Small Cooler 2 Two-Door Sandwich Cooler 3 Hotel Pan Steam Table Electric 2 Prep Table Slicer Robot Coupe Three Compartment Glazer Ice Machine Walk-in cooler Shelving units Prep Table Ice Tea Brewery POS System 2 Indoor Table 8 Chairs High Chair 3 assorted seats 36 outside tables 130 chairs 18 bar stools 2 Bev Coolers 2 Small Coolers Key Box 2 itd 6taps Mug Chiller 6
Website:
https://www.wesellrestaurants.com
Market Outlook/
Competition:
The Restaurant and Bar is located at the Marina in a popular port of call in Palm Beach County You can t ask for a better view of the ships and bridge as your sip a cocktail at this popular spot
Growth & Expansion:
As tourism flourishes in South Florida this business will continue to grow Locals store there boat at the adjacent Marina Very popular spot for all
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About the Sale

Reason For Selling:
Retirement
Training/Support:
Owner will train for two weeks at no additional cost

Listing Info

ID:
1574536
Ad Detail Views:
0

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Business Listed by

Ken Eisenband

We Sell Restaurants
License# BK3249847

 Show Phone Number

View My 34 Active Listings
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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