For Sale
$499,000

2024 Profits Will Be $185 000Jupiter, FL 33477

Profitable Jupiter eatery, high sales.

Overview

Added:
Dec 11, 2024
Days on market:
117
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.

Highlights

  • Established Jupiter, FL restaurant for sale; asking price $449,000.
  • Gross revenue exceeded $1,300,000 in 2023, with projected 2024 net owner income of $185,000.
  • Leasehold interest; 1,475 SF in a vibrant shopping center with Key West ambiance; lease expires 10/31/2026 with a 5-year option; monthly rent $5,596 (includes CAMs and taxes), less than 6% of gross sales.
  • Seller financing available up to $100,000.
  • Fully equipped kitchen includes a 12-foot hood, six-burner range, flat top, two ovens, three fryers, and ample refrigeration; 2COP license (beer & wine).
  • Turnkey operation with experienced staff (18 employees) and dedicated chef; seller provides two weeks of training.

Property Details for 2024 Profits Will Be $185 000

Property type
Retail properties, Restaurants
Square Feet
1,475 SF
Year Built
2012

Location Insight

City
Jupiter
County
Palm Beach
State
Florida
Latitude
26.911947
Longitude
-80.0814292
2024 Profits Will Be $185 000, Jupiter, Florida

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2024 Profits Will Be $185 000
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