Prakas & Co is proud to list our newest restaurant & bar listing in a high-traffic section of West Palm Beach, FL.
This restaurant has the full capabilities of an SFS 4COP liquor license with a brand new hightop counter bar.
Please call our office for more details.
• Address: Confidential
• Restaurant has a full 4COP SFS license
• Asking Purchase Price: $595,000
• Grossing Sales from April 2022 – April 2023 was $1.3m +/- open only 4-10 (dinner) 6 days/week
• The owner is selling this business without the name. New owners will come in with their own concept.
• Reason for selling is ownership has 2 other restaurant locations, and this location has become too much for them to handle driving back and forth. • Size: 2,500 SF under air + a massive, covered patio of 2,500 additional SF. This is a fantastic, covered patio fully enclosed with plants and an expensive overhead custom umbrella system.
• Lease Rate GROSS: $7,851 / month — BASE rent consists of $5,500 of that.
• Term left is 7 years with (1) 7-year extension after that. Total 14 years left.
• 3% annual increases to the BASE RENT. Misc. expense figures:
• REAL ESTATE TAXES: $388 / month
• CAM: $1,700/yr or $141 / month
• Electric: $1,100 / month
• Natural Gas to the Space: $1,300 / month (rotating high-end gas pizza oven included)
• Water: N/A in CAMS
• Waste: N/A in CAMS
• This can be ANY CONCEPT (Mexican, Mediterranean, Italian, Sushi, Any concept will fit)
• By purchasing this fully built out and newly renovated restaurant location, you are obtaining the long-term lease – all FF&E that is inside the restaurant currently – the valuable location in a desired area.
• Located on a busy street with a high daily traffic count.