Asian Restaurant For Sale In Delray Bch - Just Off Atlantic Ave Delray Beach, FL 33483
- Retail properties
- 1,400 SF
Current Use by Public Records
- Retail properties
Property Details for 0 Asian Restaurant For Sale In Delray Bch - Just Off Atlantic Ave
- Year built
- 2017
- Property size
- 1,400 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This thriving 1,400 square foot Asian restaurant, located just off bustling Atlantic Avenue in Delray Beach, Florida (zip code 33483), presents a unique investment opportunity. Built in 2017, the restaurant boasts a prime location, drawing significant foot traffic from both tourists and locals. The asking price is $299,000. The current lease, expiring June 27, 2027, includes two five-year renewal options. Monthly rent is $13,001, encompassing all CAM charges and taxes, and importantly, includes the use of a 4COP liquor license and all furniture, fixtures, and equipment (FF&E). The space comfortably seats 50 patrons indoors, with additional outdoor seating for approximately 10. The fully equipped kitchen features a 12-foot exhaust hood, a grease trap, a six-eye burner with oven, flat-top grill, fryer, ample refrigeration, and a three-door keg box with a ten-tap system. The restaurant currently operates with eight employees (four full-time and four part-time). Two weeks of training are provided to the new owner at no additional cost. While currently an Asian restaurant, the space is easily adaptable to various concepts, making it an ideal acquisition for entrepreneurs seeking a turnkey operation in a high-demand location. The sale includes all FF&E and the liquor license; however, the business name, recipes, and menu are not included in the sale. The landlord owns the building.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Delray Beach
- County
- Palm Beach
- State
- Florida
- Longitude
- -80.066
- Latitude
- 26.4617
