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Businesses For Sale   >>   Florida Businesses For Sale Categories   >>   

High End French Restaurant

Location  Florida,United States
Asking Price Range  < $250K
Gross Revenues  $625000
Net Profit / Cash Flow  $110000
Cash Flow Type  EBITDA
Seller Finance  Not Disclosed
Year Established  1972
Number of Employees  10 - 19
Inventory  10000
Relocatable  No
Number of Employees  10 - 19
Real Estate  Leased
Training  Two weeks.
Reason for Sale  Retirement.
Description  45 Yrs Est very high end french restaurant with a mediterranean flair for sale! Located on the ground floor of a six story condo building in a very exclusive part of Palm Beach County. Restaurant seats 110 and serves delicious entrees including fish, duck, steak, pasta, chicken, and lamb. Owner is not the chef but is active as the manager, and is retiring. Approximately 75-80% of business comes from repeat local customers. Low rent of only $2500/month, but buyer must be approved by the landlord/board. All eqpmt/leasehold improvements is property of landlord. Seller states annual gross to be $625,000 and annual net income of $110.000. Restaurant closes for parts of summer due to high seasonal nature. Proof of sales to be given to qualified buyer after meeting with owner. Inventory of $10K included in asking price of $225K. Beer and wine license also included. More ambitious ownership can greatly improve business by expanding hours of operation and advertising (especially for slow summer months). Please contact Martin Berliant at 561-827-1181 or email for more information.
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