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.
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Contacts
Chas Prakas
Tom Prakas
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West Palm Beach, Florida, 33403
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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.
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