Palm Beach Restaurant for Sale Nets $58k for Absentee Owner!

Asking Price$135,000

Cash Flow
$58,264
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$439,277

InventoryNot Disclosed

FF&ENot Disclosed

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Palm Beach Restaurant for Sale Nets $58k for Absentee Owner!


Asking Price$135,000

Cash Flow
$58,264
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$439,277

InventoryNot Disclosed

FF&ENot Disclosed

Business Description
Palm Beach Mexican Restaurant for Sale Nets $58k for Absentee Owner!
Mexican Restaurant for Sale in West Palm Beach, Florida is ready for a new owner. Great location and lease in place. This is a great opportunity for an owner/operator.
The Mexican Restaurant for Sale has been established since 2015. The owner has three additional restaurants and is looking to slow down. In 2024 the restaurant had sales, on the tax return, of $439,277 and a net to the owner of $58,038. Seller will allow you to keep the current concept. This means that menus, and recipes will transfer. If desired, you can convert to your own concept. Almost any concept can work with the equipment package and layout. The seller is absentee and only handles administrative functions of the restaurant. A family member is the day-to-day operator and will need to be replaced.
The restaurant features a fourteen-foot exhaust hood. Under the hood sits a flat top grill, fryer, four-eye burner with oven, and two candy stock pot burners. All equipment is in excellent shape. There is room to add additional equipment under hood. The restaurant features commercial refrigeration throughout. Perfect for this location is to keep Mexican or convert to Latin, breakfast lunch, or Burger and Chicken.
This Mexican Restaurant for Sale opportunity presented by We Sell Restaurants is located on a busy section of roadway that sees more than 45,000 vehicles pass by daily. The densely populated commercial area is great for delivery to businesses for breakfast and lunch. There are more than 160,000 residents with an average income of $60,000 annually living in the three-mile radius of restaurant. The daytime population is more than 157,000. All licenses will transfer and this includes the 2COP beer and wine license.
The Mexican Restaurant for Sale occupies approximately 2,000 square feet of space and seats 30 guests. The atmosphere is very comfortable atmosphere. The monthly rent of $4,400 includes all CAMS, taxes, water, and trash removal. The lease expires on February 28, 2027.
The current concept and menu is Mexican. Features include Tacos, Burritos, Enchiladas, Tortas, Sopes and more. The 2COP license allows you to offer beer and wine to your guests. The Mexican Restaurant for Sale opens at 9 am daily and closes at 10 pm. You can choose your own hours. The menu and recipes will transfer with sale.
By providing your phone number to We Sell Restaurants, you are agreeing to receive text notifications.
About the Business
Years in Operation
10
Number of Employees
4
Facilities & Assets
13 Tables
28 Chairs
2 Televisions
1 High chair
Three glass door beverage cooler
Heated display case
POS System
Prep Table 4
2 Freezer Chest
2 Candy stock pot burner
4 Hotel Pan Steam Table
Flat top
4 eye burner
Fryer
Two door sandwich cooler
Three compartment sink
Blender
2 Two door stand up cooler
Assorted Pots Pans Utensils
Website
https://www.wesellrestaurants.com
Market Outlook / Competition
Very commercial area will drive customers to the location, More than 45,000 vehicles pass by daily
Opportunities for Growth
Area continues to grow and add new businesses in the area
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
2,100
Rent
$4,400.00 per month
Lease Expiration
2/28/2027
About the Sale
Seller Motivation
Retirement
Transition Support
Seller will provide two weeks of traing at no additional cost
Listing Info
ID
2385886
Listing Views
423

Contact Seller

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Business Listed by: Ken Eisenband We Sell Restaurants

Listing ID: 2385886 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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