2024 Profits Will Be $185 000Jupiter, FL 33477

Property Details for 2024 Profits Will Be $185 000

Year built

2012

Property size (Sq ft)

1,475 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This established Jupiter, Florida restaurant presents a compelling investment opportunity. Boasting 1,475 square feet of space in a vibrant shopping center with a "Key West" ambiance, this 12-year-old business offers both indoor and outdoor seating for approximately 70 guests. The location benefits from high visibility and easy access to affluent communities like Jupiter, Palm Beach Gardens, and Tequesta, drawing a substantial customer base from across Palm Beach County and beyond. With over 125,000 residents in the immediate trade area boasting average household incomes exceeding $100,000 annually, the restaurant enjoys a strong and growing market. The current lease, expiring October 31, 2026, includes a five-year option and a remarkably low monthly rent of $5,596 (inclusive of CAMs and taxes), representing less than 6% of gross sales. The fully equipped commercial kitchen features a 12-foot exhaust hood, a six-eye burner, flat top, two ovens, three fryers, and ample commercial refrigeration. The restaurant holds a 2COP license, allowing for beer and wine service. Financial performance is exceptional, with 2023 sales exceeding $1,326,204 and projected 2024 net owner income of $185,000. The seller is offering financing up to $100,000. This turnkey operation, with experienced staff including a dedicated chef, is poised for continued growth and success. The seller is motivated and ready to provide two weeks of training.

Location Insight

City

Jupiter

County

Palm Beach

State

Florida

Latitude

26.9119

Longitude

-80.0814

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