Current Use by Public Records
- Retail properties & Spaces
Property Details for 0 Over $150 000!
- Property type
- Retail properties & Spaces
- Property subtype
- Restaurants
Description
This thriving Latin restaurant in Miami Beach, Florida, presents a unique investment opportunity. Priced at $550,000, this 2,400 square foot establishment boasts impressive financials, generating over $600,000 in gross revenue and a net owner benefit exceeding $150,000. The restaurant features a fully equipped kitchen including two fryers, a six-burner stove, grill, industrial wok, three-compartment sink, commercial oven, microwave, five blenders, rice cooker, four prep tables, convection oven, dessert display, slicer, two glass-door counter coolers, two freezers, an ice machine, and two industrial freezers and refrigerators. The current lease extends until May 30, 2031, with a monthly rent of $10,500. The inviting space comfortably seats 25 patrons indoors. The restaurant operates from 9 am to 10 pm, employing two full-time and two part-time staff members. Two POS systems and six flat-screen TVs enhance the customer experience. All equipment is new and the buildout is beautiful. Located in a high-traffic area experiencing significant growth with new residential and hotel developments planned, this restaurant offers substantial potential for continued success and expansion. The sale includes all existing equipment, fixtures, and the established business concept. This is a turnkey operation ready for a new owner to step in and continue its success. The current owner is retiring, presenting a rare opportunity to acquire a profitable and well-established business in a prime Miami Beach location.
Value Estimations
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Miami Beach
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.1484
- Latitude
- 25.8536
