Restaurant For Sale Prime Location In Coral Gables Bring Own Concept Coral Gables, FL 33134
- Retail properties
- 1,579 SF
Current Use by Public Records
- Retail properties
Property Details for 0 Restaurant For Sale Prime Location In Coral Gables Bring Own Concept
- Property size
- 1,579 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This fully-equipped restaurant in Coral Gables, Florida, is available for $265,000. The 1,579 square foot space boasts a prime location and features a lease expiring August 30, 2033, with a monthly rent of $7,870. The restaurant includes a fully operational kitchen with a new grease trap and hood system, along with indoor seating for 26 patrons. Extensive equipment is included in the sale, encompassing two walk-in coolers, a dishwashing station, prep tables, a six-burner stove with oven, fryers, refrigeration units, a POS system, and outdoor patio furniture (including tables, chairs, umbrellas, heaters, and fire pits). The business previously generated $500,000 in net sales, though current profitability is not specified. The sale is an asset sale, not a franchise, and seller financing is unavailable. The space is ideal for an entrepreneur seeking a turnkey operation in a vibrant Coral Gables location, allowing for immediate commencement of a new restaurant concept. The existing lease provides long-term stability, and the included equipment minimizes initial investment costs. The property is located in Miami-Dade County, Florida, with a zip code of 33134. Four full-time and two part-time employees previously worked at the location. The seller is motivated by personal reasons. While the previous business model is not continuing, the existing infrastructure and equipment present a significant advantage for a new venture.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Coral Gables
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.2712
- Latitude
- 25.7565
