For Sale
$1,900,000

4590 Okeechobee BlvdWest Palm Beach, FL 33417

Established Italian eatery, high NOI, turnkey operation.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional Italian restaurant in West Palm Beach, Florida, presents a lucrative investment opportunity. Located at 4590 Okeechobee Blvd, in Palm Beach County, zip code 33417, this thriving business boasts a substantial annual net operating income (NOI) of $400,000. The asking price is $1,900,000 for this 6,000 square foot establishment, which includes a spacious 4,500 square foot interior and a 1,500 square foot patio, accommodating over 200 patrons. The sale includes all fixtures, furniture, and equipment (FF&E), ensuring a seamless transition for the new owner. Comprehensive training is provided, making this a truly turnkey operation. A significant advantage is the inclusion of a full 4COP liquor license. The current lease has a remaining term of 10 years, offering long-term stability and security. Two lease options, with terms of 5 years each, are also available. This is an exceptional opportunity to acquire a well-established, high-performing restaurant with significant earning potential and a prime location in a vibrant Florida market. The business is categorized as "Business Only" and is suitable for business-minded investors seeking a profitable and established venture. The restaurant's success is evident in the owner's compensation exceeding $400,000 annually.

Highlights

  • $1,900,000 asking price for this established business.
  • Successful Italian restaurant in West Palm Beach, Florida.
  • 6,000 square foot space with a 10-year lease remaining.
  • $400,000 annual Net Operating Income (NOI).
  • Includes all furniture, fixtures, and equipment (FF&E); turnkey operation.
  • Full 4COP liquor license.

Property Details for 4590 Okeechobee Blvd

Property type
Square Feet
6,000 SF

Location Insight

City
West Palm Beach
County
Palm Beach
State
Florida
Latitude
26.7066919
Longitude
-80.1125604
4590 Okeechobee Blvd, West Palm Beach, Florida

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4590 Okeechobee Blvd
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