Super Rare Opportunity - Superior Full Service Restaurant Port Richey Palace Restaurant Our Offering is for a full-service totally turn-key 10,000 sf restaurant plus 2,000 sf of patio. This is a Business Sale with "No" Real Estate except a really attractive Lease. This Listing is purposely ghosted to protect the ongoing successful business, staff, and guests. A signed NDA is required to get the details. One of the main points to digest is the Lease Rate. The lease is a modified gross lease at a very rate of less than $10.00 all-in per square foot. That translates to a rent that is 70% less than the market rates for the same product. This is an opportunity to bring in your own concept. The restaurant layout is simply superb. The Site starts with an over-abundant amount of parking, many acres of surface parking. Next, the restaurant features a very spacious front-covered deck area with a full wet bar and tons of seating at high and low tops.. This front area is also walled off and intimate. The double door entrance leads into a comfortable hostess and reception area. The interior features a very spacious semi-private bar area with bar counter seating and booths around the perimeter. There are numerous large interior dining rooms surrounding the center bar including a private dining room. The back of the house is beyond compare - explicitly one of the largest kitchens in the county over 3,000 sf including a massive 30-foot hood, every kind of thinkable cooking equipment, tons of hot and cold prep areas, numerous walk-in coolers & freezers, a huge dish pit, and very very much more. Please note - everything conveys in this transaction, including all kitchenware such as pots & pans, small wares, silverware, plates, and more. All fixtures and equipment are also conveyed, including tables, chairs, electronics, and more. The Site visually has an enormous exposure from the street, a large prominent building, an awesome pylon sign, with generous parking. The location also features fantastic ingress and egress with a full left-in and left-out. The signage is unbelievable - 5 signs. The business has what we call a free Full-Liquor Restaurant License that saves the Operator from purchasing a very expensive 4-COP that now trades at $480,000.00. An upscale atmosphere at affordable prices generates a large repeat customer base. The menu features generous portions of beef, seafood, pork, and chicken(with many sauces, sides & other items made from scratch) Loyal Staff includes General Manager, Assistant GM, Chef/Kitchen Manager, Assistant Kitchen Manager, Bartenders, Servers, Hostesses, many have been here for 5-15 Years. “The staff stays because they consistently make a good living”. Photos and location are not actual. Location Description: The Site is located in the booming coastal county of Pasco. Port Richey and the area are called the Gateway to the Gulf. The address is on a major highway and only a few steps to the waterfront. The Highway makes the site extremely convenient to all the neighboring communities both north & south and east & west. https://cityofportrichey.com/ https://www.pascocountyfl.net/
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