Current Use by Public Records
- Retail properties & Spaces
Property Details for 000 Collins Ave
- Property type
- Retail properties & Spaces
- Property subtype
- Restaurants
Description
This exceptional restaurant opportunity in Miami Beach is priced at $690,000. Established in 2011, this highly profitable business boasts a prime corner location just one block from the beach in South Beach, generating over $1.7 million in annual sales without any advertising. The restaurant features ample seating, with 38 seats inside and 38 outside under a covered area. A strong lease is in place with a monthly rent of $19,834, plus a separate $1,700 monthly lease for a small office. The well-structured business employs approximately 14 W-2 employees. The owner's profit exceeded $440,000 in 2023, easily verifiable. The menu features simple American and European cuisine, with particularly strong breakfast and lunch sales. The high-traffic location is surrounded by numerous hotels, making it an ideal investment. This turnkey operation may qualify for an E2 visa and presents a rare chance to acquire a highly successful business before the peak season.
Value Estimations
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Miami Beach
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.1348
- Latitude
- 25.7689
