For Sale
$199,000

Gardens Mediterranean Restaurant For Sale In Palm BchLake Park, FL 33403

Established Mediterranean eatery, high sales, great income.

Overview

Added:
Dec 11, 2024
Days on market:
114
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.

Highlights

  • Established Mediterranean/Greek restaurant for sale in Palm Beach Gardens.
  • 2023 sales: $910,024; Seller Discretionary Earnings (SDE): $92,760. Similar projections for 2024.
  • Low monthly rent: $4,567, includes CAMs and taxes.
  • Fully equipped kitchen: 9-foot hood, gyro cooker, char-broiler, flat-top grill, salamander, fryer, 4-burner stove, walk-in cooler/freezer, and more.
  • Includes menu, recipes, and two weeks of owner training.
  • Lease expires August 30, 2025.

Property Details for Gardens Mediterranean Restaurant For Sale In Palm Bch

Property type
Retail properties, Restaurants
Square Feet
1,620 SF
Year Built
2007

Location Insight

City
Lake Park
County
Palm Beach
State
Florida
Latitude
26.8070321
Longitude
-80.0814292
Gardens Mediterranean Restaurant For Sale In Palm Bch, Lake Park, Florida

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Gardens Mediterranean Restaurant For Sale In Palm Bch
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