For Sale
$319,000

000 AnnaullyBoca Raton, FL 33431

Profitable Deli, High Traffic Area, Great Lease

Overview

Added:
Dec 11, 2024
Days on market:
114
This thriving fast-casual deli in Boca Raton, FL, presents a fantastic investment opportunity. Priced at $319,000, this 1,493 square foot restaurant boasts impressive financials. In 2023, it generated $664,086 in gross revenue, representing an 11% increase over 2022, with a net profit of $124,549 for the owners. The business operates with limited hours (34 hours/week), offering significant potential for growth through extended hours or marketing efforts. Located on a high-traffic road with over 34,000 vehicles daily, the deli benefits from a dense population (45,000 residents within three miles, swelling to 96,000 during the day) and proximity to Florida Atlantic University and Lynn University. The lease, expiring June 29, 2025, includes two five-year options and a reasonable monthly rent of $5,844, covering CAMs, taxes, water, and trash removal. The fully equipped kitchen features a 12-foot exhaust hood, a six-eye burner with oven, char-broiler, roast oven, two fryers, ample refrigeration (including a walk-in cooler), and all necessary equipment for immediate operation. The inviting dining area seats 20 guests. The menu, including recipes, transfers with the sale, and the current owners will provide two weeks of training. SBA lending and seller financing options are available. This turnkey operation offers a compelling combination of strong financials, prime location, and excellent potential for future expansion.

Highlights

  • $319,000 asking price for a 1,493 sq ft fast-casual deli in Boca Raton, FL.
  • 2023 gross revenue: $664,086 (11% increase from 2022); net profit: $124,549.
  • Currently operates 34 hours/week, offering significant growth potential.
  • High-traffic location (34,000+ vehicles daily), near Florida Atlantic University and Lynn University, serving a dense population (45,000 within 3 miles, 96,000 during the day).
  • Lease expires June 29, 2025, with two 5-year options; $5,844 monthly rent includes CAMs, taxes, water, and trash.
  • Fully equipped kitchen with a 12-foot exhaust hood, six-burner oven, char-broiler, roast oven, two fryers, walk-in cooler, and ample refrigeration. Seats 20 guests.

Property Details for 000 Annaully

Property type
Retail properties, Restaurants
Square Feet
1,493 SF
Year Built
2019

Location Insight

City
Boca Raton
County
Palm Beach
State
Florida
Latitude
26.3767589
Longitude
-80.1037721
000 Annaully, Boca Raton, Florida

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000 Annaully
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