Gardens Mediterranean Restaurant For Sale In Palm Bch Lake Park, FL 33403
- Retail properties
- 1,620 SF
Current Use by Public Records
- Retail properties
Property Details for Gardens Mediterranean Restaurant For Sale In Palm Bch
- Year built
- 2007
- Property size
- 1,620 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This thriving Mediterranean and Greek restaurant in Palm Beach Gardens, Florida, presents a fantastic investment opportunity. Established in 2007 and operating under continuous ownership, this well-regarded eatery boasts a consistent track record of success. In 2023, the restaurant generated $910,024 in sales, yielding $92,760 in seller discretionary earnings. 2024 sales are projected to be similar. The 1,620-square-foot space is located in a busy shopping center with high daily traffic (over 52,000 vehicles) and a strong demographic profile (83,400 residents within a three-mile radius, $77,000 average household income). The restaurant features 50 indoor seats and an additional 20 outdoor patio seats, complete with hookah service. The fully equipped kitchen includes a nine-foot exhaust hood, gyro cooker, char-broiler, flat-top grill, salamander, fryer, four-eye burner with stove, walk-in cooler and freezer, and more. The current lease, with an option period, expires August 30, 2025, at a monthly rent of $4,567, inclusive of CAMs and taxes. The sale includes all equipment, the established menu and recipes, and two weeks of owner training for a seamless transition. This turnkey operation is ideal for a first-time restaurant owner or a family seeking a profitable business venture. The restaurant employs 7 full-time and 8 part-time employees. The asking price is $199,000.
Value Estimation
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Location Insight
- Map
- Local Demand
- City
- Lake Park
- County
- Palm Beach
- State
- Florida
- Longitude
- -80.0814
- Latitude
- 26.807
