Listed by Prakas & Company
$250,000
500 E Woolbright Rd
Details
Property Type Retail, Business for Sale
Sub Type Restaurant, Bar
Square Footage 3,500
Occupancy 100%
Tenancy Single
Lease Type NNN
Remaining Term 10
Price per SqFt $107
Boynton Diner - Turnkey Breakfast Diner Restaurant
Marketing description
Unlock the potential of a high-traffic location in Boynton Beach with Boynton Diner, a thriving restaurant boasting impressive sales and a strong local following. Ideal for those seeking a seamless entry into the restaurant market or looking to expand their portfolio.
Investment highlights
- Strategic Positioning: Nestled in a bustling area, the diner benefits from continuous pedestrian and vehicular traffic, ensuring consistent customer flow.
- Proven Financial Track Record: Achieved gross sales of $970,000 in 2023, with projections suggesting an upward trend towards or beyond $1,000,000 annually.
- Ready-to-Operate: Comes fully equipped with all necessary kitchen and dining equipment, all owned outright and free of any liens. The setup includes 120–150 seating capacity across both indoor and outdoor dining areas, offering a flexible space for any business concept.
- Attractive New Lease Terms: The new owner will benefit from a freshly negotiated 10-year lease at a competitive rate of $37 PSF NNN, ensuring long-term stability and predictability in overhead costs. The space measures 3,500 SF under air, culminating in a base rent of approximately $130,000 per year, roughly $10,800 monthly.
Listing Contacts
Listed by Prakas & Company
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