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.

THE FULL ADDRESS AND NAME OF THIS LOCATION ARE CONFIDENTIAL UNTIL A QUALIFIED BUYER SIGNS OUT THE STANDARD NONDISCLOSURE AGREEMENT THAT WILL REGISTER YOU TO THIS LISTING.

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.