Palace Steak House

Highlights

• Full-Service Turn-Key Restaurant
• Attractive Lease
• Florida Opportunity
• Tampa Bay Metro
• Pasco Market
• Stellar Adress
• Full-Liquor License
• 10,000 SF of interior Space
• Abundant Parking
• Large Pylon Sign
• Attractive Outside Bar & Dining

Description

Super Rare Opportunity - Superior Full-Service Restaurant
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 Asset Sale and the real estate value connected is an extremely attractive lease.

Let's discuss the Lease first, DIG THIS, the total monthly rent is unbelievable, this is an all-in number including sales tax, nets, and trash compactor, are you ready -$6,000.00. This lease is assumable, and will legally transfer to you when you purchase the assets. Yes it is only $6,000.00 per

Let's digest the Lease Rate. The lease is a modified gross lease at a rate of less than $7.00 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, or use the current popular steak house concept in place.

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. To your right as soon as you walk in is a full-service bakery. The interior center features a very spacious semi-private bar area with bar counter seating and booths around the perimeter.

To the left and to the right are 4 dining sections, two on each side. These dining rooms are very special and purposely designed to be semi-sectioned off for large parties.

But it does not stop there because there is also a separate banquet room for private parties. And this has a dividing wall to have two events at the same time.

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.

More info on the Signage: On US Hwy 19 there is a huge lighted pylon sign, the biggest one on the highway, there is no way to get a sign this large anymore. The next sign is on the front of the building, this sign is also massive and has neon. This sign is also visible from the street. The next sign is in the mall directing people to the restaurant. One other is also helpful because it faces the north and assists guests in their destination.

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 the General Manager, Assistant GM, Chef/Kitchen Manager, Assistant Kitchen Manager, Bartenders, Servers, and Hostesses, many have been here for 5-15 Years. “The staff stays because they consistently make a good living”.

Site Location: 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.

The address is on the 9400 Block of US HWY 19 in Port Richey at 9409 US Hwy 19 North in the Gulfview Mall.

Location Description: Explore the vibrant commercial opportunities in the thriving Tampa Bay Metro market, nestled in the heart of Port Richey, this retail and restaurant hot spot is surrounded by a bustling community and a prime location for attracting local and tourist traffic.

With easy access to major highways and a growing population, the area presents an enticing investment opportunity for retail and restaurant entrepreneurs eager to capitalize on the dynamic energy of the region.

https://shopgulfviewsquare.com/
https://cityofportrichey.com/
https://www.pascocountyfl.net/

Site Location: 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.

The address is on the 9400 Block of US HWY 19 in Port Richey at 9409 US Hwy 19 North in the Gulfview Mall.

Location Description: Explore the vibrant commercial opportunities in the thriving Tampa Bay Metro market, nestled in the heart of Port Richey, this retail and restaurant hot spot is surrounded by a bustling community and a prime location for attracting local and tourist traffic.

With easy access to major highways and a growing population, the area presents an enticing investment opportunity for retail and restaurant entrepreneurs eager to capitalize on the dynamic energy of the region.

https://shopgulfviewsquare.com/
https://cityofportrichey.com/
https://www.pascocountyfl.net/