• Listing ID: 1283198

High End French And Mediterranean Restaurant For Sale


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Asking price:
$199,000 (Inventory / Stock included)
Sales revenue:
$625,000
Cash flow:
$110,000
Years established:
40
Employees:
14

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45 Yrs Est very high end french restaurant with a mediterranean flair for sale! Located on the ground floor of a six story condo building in a very exclusive part of Palm Beach County. Restaurant seats 110 and serves delicious entrees including fish, duck, steak, pasta, chicken, and lamb. Owner is not the chef but is active as the manager, and is retiring. Approximately 75-80% of business comes from repeat local customers. Low rent of only $2500/month, but buyer must be approved by the landlord/board. All eqpmt/leasehold improvements is property of landlord. Seller states annual gross to be $625,000 and annual net income of $110.000. Restaurant closes for parts of summer due to high seasonal nature. Proof of sales to be given to qualified buyer after meeting with owner. Inventory of $10K included in asking price of $199K. Beer and wine license also included. More ambitious ownership can greatly improve business by expanding hours of operation and advertising (especially for slow summer months).


Real Estate:
Lease

Support & training:
two weeks
Reasons for selling:
retirement
Inventory / Stock value:
$10,000 (included in the asking price)

For more information about this business for sale, click the Contact Seller button.


Please only contact this seller if you have a GENUINE interest in buying this business. DO NOT MAKE CONTACT if you wish to sell your third party goods or services as you will be blocked from this site.

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