Italian Restaurant For Sale. Great Area In Bch Miami Beach, FL 33140
- Retail properties
- 1,865 SF
Current Use by Public Records
- Retail properties
Property Details for 0 Italian Restaurant For Sale. Great Area In Bch
- Year built
- 2013
- Property size
- 1,865 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This 1,865-square-foot Italian restaurant in Miami Beach, Florida (zip code 33140), presents a unique opportunity for a new owner. Built in 2013, the restaurant boasts a fully equipped kitchen including a six-burner stove, grill, pizza oven, Hobart dough mixer, walk-in cooler, reach-in freezer, and ample prep space. The current lease, expiring August 30, 2028, offers five years remaining with renewal options. Monthly rent, inclusive of CAM, taxes, and insurance, is $6,741. The restaurant has a seating capacity for 45 patrons and currently employs five full-time and three part-time staff. While the business is not currently profitable, it provides an owner's salary and benefits of $105,000. Previous sales were nearly $400,000. The restaurant features an in-ground grease trap and is situated in a high-traffic area of South Beach, offering excellent visibility and accessibility. The asking price is $250,000. Note that traditional SBA financing is unavailable, but unsecured lending options may be available for qualified buyers with a credit score of 680 or higher. This turnkey operation allows a new owner to bypass the lengthy start-up process, potentially opening within weeks.
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Location Insight
- Map
- Local Demand
- City
- Miami Beach
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.1373
- Latitude
- 25.8177
