For Sale
$2,800,000

0West Palm Beach, FL 33403

Thriving bar & grill, prime location

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional turnkey opportunity presents a flourishing sports bar and grill, ideally situated on a major Palm Beach County highway at 9477 FL A1A Alt in Lake Park, FL 33403. The 3,600 square foot, single-story building sits on a 0.541-acre lot and boasts 55 parking spaces, ensuring ample room for patrons. Built in 1978 and renovated in 2019, this Class A property is zoned CG—GENERAL COMMERCIAL (00-UNINCORPORATED) and offers a spacious, air-conditioned interior capable of accommodating over 150 guests. The business itself is a well-established neighborhood favorite, enjoying impressive annual gross sales of $2,400,000 in 2023, with projections nearing $3,000,000 for 2024. This turnkey operation includes vital existing staff, maintaining a clean and inviting atmosphere with classic sports-themed décor. The property's strategic location near a high-traffic intersection on Northlake Blvd and A1A, experiencing approximately 65,000 vehicles daily, ensures exceptional visibility and accessibility. The surrounding area boasts a robust demographic profile, with over 114,000 residents within a 3-mile radius and an average annual household income exceeding $73,700 within a 1-mile radius. This presents a unique investment opportunity, combining a profitable, established business with a valuable piece of real estate in a prime location. The asking price is $2,800,000. The property alone is valued at $2,000,000+, with the business valued at an additional $750,000 based on owner's net EBITDA.

Highlights

  • Turnkey sports bar and grill in high-traffic location on A1A in Lake Park, FL.
  • High visibility at a major intersection with approximately 65,000 vehicles daily.
  • Strong demographics: over 114,000 residents within a 3-mile radius and average household income exceeding $73,700 within 1 mile.
  • Established business with $2.4M in gross sales in 2023 and projected $3M in 2024.

Property Details

Property type
Retail properties, Restaurants
Square Feet
3,600 SF
Class
A
Year Built/Renovated
1978/2019
Buildings
1
Stories
1
Lot Size (sq. ft)
23,566 SF
Units
1

Location Insight

City
West Palm Beach
County
Palm Beach
State
Florida
Latitude
26.8147054
Longitude
-80.0798024
West Palm Beach, Florida

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