Listing ID: 52725
Listing Status: Available
This is an outstanding opportunity to acquire a highly-regarded restaurant in one of South Florida's most affluent areas. This restaurant boasts one of the best locations in the city, with high visibility street traffic exposure, an open outdoor patio, and ample indoor and outdoor bar areas providing seating for over 200 patrons. In business for over 7 years, this one-of-a-kind restaurant has built a strong reputation in the marketplace and enjoys a loyal customer base. It has won many awards for its exceptional food, ambiance, and outstanding service, with hundreds of 5-star reviews from satisfied customers.
This company comes with a full quota 4COP Liquor License, allowing the sale of beer, wine, and liquor on the premises, as well as the sale of sealed containers of spirits, beer, and wine for off-premises consumption. Additionally, the liquor license allows for off-site catering services with the ability to serve beer, wine, and liquor. Currently, a full quota 4COP Liquor License in Palm Beach County sells for around $350,000.
FF&E investments of over $450,000 have been made into the kitchen, dining area, and facility improvements.
Inventory included at a value of $60,000.
For the last 3 years, the company has grown 20%+ per year.
Strong gross margins ranging from 38% to 48%.
Incredibly developed loyal customer base with a remarkable reputation.
Awarded Traveler’s Choice 2022 and Open Table Diner’s Choice 2023.
Finalist for “Best of Palm Beach” Awards in 5 Categories (best all-around restaurant, best brunch, best patio dining, best catering company, and best business lunch).
Excellent Long-Term Lease in place.
**The seller is offering to sell 75% of the company for $1,237,500 and is seeking an experienced partner in the restaurant business to join forces in growing the business together. This is a rare opportunity to acquire a top-performing restaurant with a well-established reputation and loyal customer base. If the buyer is looking to acquire 100% of the company the asking price is $1,650,000.
**All interested buyers must submit an NDA and Personal Financial Statement.
Total Sales: $3,104,537
Cash Flow: $555,800