For Sale
$615,000

Culinary Elite Upscale Restaurant For Sale With Exceptional Reviews Palm Harbor, FL 34684

Established Upscale Restaurant, High Profits

Overview

Added:
Dec 11, 2024
Days on market:
134
This turnkey, upscale restaurant in Palm Harbor, FL, presents a remarkable investment opportunity. Boasting 2,300 square feet of space in a prime location, this 2004-built establishment has generated impressive net sales of $895,927.30, yielding an owner benefit of $245,927.21. The restaurant features a fully equipped kitchen with extensive equipment including a 10-foot hood, grease trap, fryers, stoves, grills, multiple sinks, refrigeration units (including walk-ins), a POS system, security cameras, and ample seating for 85-150 patrons (indoor and outdoor). The current lease, expiring September 30, 2027, has a monthly rent of $5,471.27. The business operates Tuesday through Saturday, 5:30 PM to 9:00 PM, and is currently staffed with nine employees (four full-time, five part-time). A 4 COP liquor license is available separately. The seller is retiring, presenting a unique chance to acquire a well-established, profitable restaurant with a strong reputation and significant growth potential in a thriving area with consistent new residents. The restaurant's high-quality equipment and established customer base provide a solid foundation for continued success. This is a truly exceptional opportunity for a seasoned restaurateur or a first-time buyer seeking a profitable, established business.

Highlights

  • Gross Revenue: $895,927.30
  • Owner Benefit: $245,927.21
  • Fully equipped kitchen including 10-foot hood, grease trap, fryers, stoves, grills, multiple sinks, ample refrigeration, POS system, and security cameras.
  • Seating for 85-150 patrons (indoor and outdoor).
  • 2,300 square foot space in Palm Harbor, FL.

Property Details for 0 Culinary Elite Upscale Restaurant For Sale With Exceptional Reviews

Property type
Retail properties, Restaurants
Square Feet
2,300 SF
Year Built
2004

Location Insight

City
Palm Harbor
County
Pinellas
State
Florida
Latitude
28.0715767
Longitude
-82.723924

FAQs

What type of property is this?
Retail property - Established Upscale Restaurant, High Profits
Where is the retail property located?
The property is located at Culinary Elite Upscale Restaurant For Sale With Exceptional Reviews Palm Harbor, FL.
What is the asking price?
The asking price for this property is $615,000.
What are key features of this property?
This property features: Gross Revenue: $895,927.30; Owner Benefit: $245,927.21; Fully equipped kitchen including 10-foot hood, grease trap, fryers, stoves, grills, multiple sinks, ample refrigeration, POS system, and security cameras.
How can I contact the broker?
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