125k In Benefit!!! Miami, FL 00000
- Retail properties
- 1,800 SF
Current Use by Public Records
- Retail properties
Property Details for 125k In Benefit!!!
- Year built
- 2018
- Property size
- 1,800 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
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.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Dade
- State
- Florida
- Longitude
- -80.2823
- Latitude
- 25.8392
