125k In Benefit!!! Miami, FL 00000
This thriving Asian restaurant, located near Coconut Grove in Miami, Florida, presents a unique investment opportunity. Established in 2018, this 1,800-square-foot leased space boasts a strong financial performance, generating gross revenue of $990,221.54 and a cash flow of $126,067.91. The lease, expiring March 31, 2038, includes favorable terms with options for renewal. The restaurant features ample seating for 38 indoors and 4 outdoors, plus a potential drive-thru window. A fully equipped kitchen includes a hood system, grease trap, multiple refrigeration units, and extensive cooking equipment, including wok stations, fryers, and a six-burner stove. Other amenities include a POS system, display cases, and a beverage cooler. The current owner is selling due to health reasons and will provide two weeks of training. The restaurant is currently staffed with ten employees. The prime location in a highly sought-after area, with no other nearby Asian restaurants, offers significant growth potential through increased advertising and catering opportunities. This is an asset sale; inventory is not included in the asking price of $295,000. The monthly lease rate is $10,890.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.