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
How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
Contacts
Ken Eisenband
Visit Broker Website
Learn more
Useful Information
Request information
Gardens Mediterranean Restaurant For Sale In Palm Bch, Lake Park, Florida, 33403
Message sent successfully
Error
Email this Information
Message sent successfully
Error
Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
Gardens Mediterranean Restaurant For Sale In Palm Bch
Sign Up
Already a member?
Just one more step, let’s verify your email
We have sent a verification link to
Please check your inbox to complete the process.
Just click on the link in that email to complete your Sign up.
If you don’t see it, you may need to check your spam folder.
Email verification link expired
It seems that the verification link has expired.
No worries! We can send you a new link to email
Log In
Don't have an account?
Reset your password
New to Paperhouses?
Paperhouses
Reset your password
Enter the email address associated with your account and we'll send you a link to reset your password.
Check your email
We've resent password reset instructions to if it is an email on file.
Thanks! If matches an email we have on file, then we've sent you an email containing further instructions for resetting your password.
If you haven't received an email in 5 minutes, check your spam, resend, or try a different email.