ATLANTIC AVE Delray Beach Restaurant for Sale with Great Location!

Asking Price$725,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross Revenue

InventoryNot Disclosed

FF&ENot Disclosed

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ATLANTIC AVE Delray Beach Restaurant for Sale with Great Location!


Asking Price$725,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross Revenue

InventoryNot Disclosed

FF&ENot Disclosed


Seller Financing Available
Business Description
ATLANTIC AVE Delray Beach Restaurant for Sale with Great Location!
This Florida Restaurant for Sale on Atlantic Ave in Delray Beach, Florida has the best location in Palm Beach County. Close to the beach, great foot traffic, outdoor patio unlimited potential. 4COP SFS Liquor License can transfer.

The current concept is a Mediterranean, full service restaurant with the 4 COP liquor license that brings you the coastal specialties of the Greek islands. The restaurant is open six nights per week but can be open seven days for lunch and dinner. This spot would be perfect for any concept from full service to fast casual. The Restaurant for Sale location is the best in South Florida. With just 30 hours of operation per week the restaurant is achieving $30,000 per week in sales. Expanded hours are in the works and the addition of lunch hours are encouraged by the patrons.

The equipment package at this Restaurant for Sale includes the highest quality kitchen equipment you can find. All purchased within the year. Electric I Combi Pro Rational Oven, Vulcan Fryer, Garland Six Eye Burner with oven, char broiler, salamander, flat top, refrigerated equipment stands, walk in cooler, dough mixer, commercial refrigeration through out. Everything you will need to continue current operation or to convert to your concept. You will not be disappointed with the equipment transferred with sale.

The Restaurant for Sale is housed in 2,263 square feet of space and has the capacity to seat up to 120 guests. The current seating is 56 guests inside and another 40 guests outside on its 275 square foot patio. The space has been designed beautifully and has a hip vibe. The outdoor seating is the perfect place for tourists and locals to sit back, relax, and enjoy a meal and people watch. The indoor seating of 56 is perfect for those guests who want to get out of the sun for a bit. Decorated beautifully with the highest quality furniture. The lease expires on April 30, 2031, and there are two five year options attached. The monthly rent of $11,880 includes all CAMS. The Restaurant Brokers at We Sell Restaurants will be glad to answer any questions you have on this favorable lease.

Atlantic Avenue in Delray Beach, Florida is a vibrant and bustling street known for its lively atmosphere, diverse offerings, and proximity to the beach. It is a popular destination for both locals and tourists, offering a mix of shopping, dining, and entertainment. Offering tourists and locals an assortment of world class restaurants, antique shops, galleries, clothing boutiques, jewelry, and gift selections, in addition to lodging facilities. More than 20,000 visitors flock to “The Avenue” daily. The visitors are International, National and Local. This is the place to be and to be seen. Atlantic Avenue is home to festivals and events throughout the year that will bring in customers to your restaurant. These events include the Delray Open Tennis tournament, The Delray Affair, Restaurant Week and The Boat parade. There are too many others to mention all, and this Florida Restaurant for Sale is in the middle of it all.

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About the Business
Years in Operation
1
Employees
16 (14 Full-time, 2 Part-time)
Facilities & Assets
20 tables, 55 indoor chairs, 2 booster seats, TOAST POS, Host stand, 3 umbrellas, 6 bar stools, 40 outdoor chairs, small cooler, assorted pots, pans, utensils, high top table, glass door wine cooler, heat lamp, SS shelving, walk-in cooler, prep table, three compartment sink, speed rack, two door low boy freezer, 2 three door low boy cooler, 2 speed wells, two door low boy cooler, 2 two drawer equipment stands, ELECTRIC ICOMBI PRO RATIONAL OVEN, table top steamer, flat top grill, Vulcan fryer, six eye burner with oven, char broiler, salamander, single ...
Website
https://www.wesellrestaurants.com
Market Outlook / Competition
LOCATION,LOCATION, LOCATION - Located on the Avenue - this is the hub of Palm Beach County. No better location for a restaurant in South Florida.
Opportunities for Growth
Currently open for dinner six nights per week - 30 total hours of operation. Open for lunch, stay open later at night. The area can support the increased hours of operation.
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
2,263
Rent
$11,880.00 per month
Lease Expiration
4/30/2031
About the Sale
Seller Motivation
Relocation
Transition Support
Seller will provide two weeks of training at no cost
Listing Info
ID
2485387
Listing Views

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Business Listed by: Ken Eisenband We Sell Restaurants

Listing ID: 2485387 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.


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