Semi Absentee Owner - Ideal for E2 Visa or Passive Investors, with 40% ROI (could be increased to +50% for a Full Time Owner)
Thriving turn-key business opportunity in an affluent and growing Palm Beach County town that promises not just a sophisticated Italian market, but a legacy of consistent profitability that has served generations. This business has already carved a niche for itself in Palm Beach County as a go-to destination for discerning Italian food enthusiasts over many decades. With a stellar reputation for quality and freshness, it is poised for continued success. Great opportunity for a passive investor or a new owner that wants to take this to new heights; explore avenues for expansion and capitalize on the solid foundation laid by the existing location in this growing and affluent South Florida town. This business has a track record of profitability that spans over 35 years with a loyal customer base that values its unique offerings and exceptional service. Experienced staff in charge of daily operations. It is centrally located within a busy strip mall alongside national anchor tenants right off a high-traffic road close to residential areas and other businesses that locals frequent daily.
FACILITY: Located within a fully occupied and centrally located strip mall with several national anchor tenants
PARKING: Plenty of parking within lot
EQUIPMENT: The equipment is in good condition and has been well maintained.
LEASE TERM: New Lease Signed - Five-year initial term beginning Sept 2024 with one (1) five-year option
BASE RENT: $7,385 base rent plus CAM & Taxes
CONCEPT: Italian Specialty Full-Service Market
SIZE: 3,108 sq.ft.
SEATS: Seating for Approx. 8 outside – more can be added
HOURS: Open 7 days/week 8:30a-6p (closes at 5p on Sunday)
LICENSES: Beer & Wine, Deli, and Retail licenses
SALES: $1,800,000
CASH FLOW: Over $200,000
ASKING PRICE: $499,999 (For the Business)
