Jupiter Restaurant for Sale - 2024 profits will be $185,000
| Asking Price: | $499,000 |
| Gross Revenue: | $1,326,204 |
| Established Year: | 2012 |
| Cash Flow: | $133,928 |
| Rent: | $5,596/Month |
Jupiter Restaurant for Sale - 2024 profits will be $185,000
An Amazing Opportunity To Own This Profitable Restaurant for Sale in Palm Beach County, Florida! Sales and Profits are growing. Forecasted Net to Owner in 2024 is $185,000. Seller is willing to seller finance up to $100,000.The restaurant is experincing huge growth. In the first eight months of 2024, the net sales have outpaced 2023 by 17%. That is a growth of $159,536 in just eight months. The seller's discrtionary earnings for this period was $150,00. The anticipated net discretiinary earnings in 2024 will be $180,000. Sales for 2023 were $1,326,204. The rent to sales ratio is only 5%. This is a recipe for success.
The restaurant for sale is located with easy access from the affluent communities of Jupiter, Palm Beach Gardens and Tequesta. There are more than 125,000 residents in the trade area with a household income well over $100,000. The restaurant draws customers from all over Florida. Boca Raton to the South, Martin County to the North and Tampa, Orlando and Naples, too. The restaurant occupies 1,475 square feet of space in a quaint “Key West” vibe shopping center. The restaurant features a large patio for outdoor seating. The shopping center has walkways, courtyards, and lush tropical landscaping. The shopping center is home to additional restaurants, boutiques, and service providers. The current lease expires on October 31, 2026 and there is a five-year option attached. The very reasonable monthly rent is $5,596 including all CAMS and Taxes. The rent is under 6% of gross sales. Wow! A recipe for success!This highly rated Seafood Restaurant for Sale by We Sell Restaurants is an institution in North Palm Beach County. In continuous operation for more than 12 years this restaurant has a loyal customer base. The owner handles administrative functions. There is a chef who runs the kitchen. The restaurant is set up for indoor and outdoor seating. The total seating is 70 guests with room for 40 inside and 30 outside. Extra seating around the courtyard is available during lunch time hours. The restaurant has a 2COP license. This means you can serve your guests beer, and wine. The atmosphere is casual with Key West vibe..The restaurant features a fully equipped commercial kitchen with a 12-foot exhaust hood and the grease trap is inground. Under the hood sits a six-eye burner, flat to, two ovens, three fryers, There commercial grade refrigeration throughout. To receive the name and address of this business for sale, please agree to confidentiality. The seller requires Proof of Funds of $200,000 prior to receiving all essential information.
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