Over $100 000! Miami Beach, FL 33141
- Retail properties
- 2,000 SF
Current Use by Public Records
- Retail properties
Property Details for 0 Over $100 000!
- Year built
- 2016
- Property size
- 2,000 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This thriving Peruvian restaurant in Miami Beach, Florida (zip code 33141), presents a unique investment opportunity. Located in a high-traffic area, this 2,000 square foot establishment boasts a fully equipped kitchen and updated dining room, creating an upscale dining experience. Built in 2016, the restaurant has consistently generated strong sales, exceeding $1,132,000 annually, with an owner benefit exceeding $138,000. The current lease extends until December 30, 2027, with a five-year option. The monthly rent is $12,000. The restaurant comfortably seats 44 patrons indoors. The sale includes all equipment: a large and small range oven, microwave, grill, deep fryer, walk-in cooler, commercial refrigerator and freezer, a six-tap draft beer system, two prep tables, ample food storage containers, cooking utensils, a sound system, and a security system. The restaurant currently operates with 12 full-time employees and no part-time employees. The business is currently open from 12 pm to 10 pm. The seller offers two weeks of support for a smooth transition. This is the only Peruvian restaurant in the immediate neighborhood, presenting significant growth potential, particularly by expanding hours to include weekend brunch service. Priced at $219,000, this turnkey operation is ready for a new owner to capitalize on its established success and further expand its market reach. While traditional SBA lending is unavailable, alternative financing options may be explored.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Miami Beach
- County
- Dade
- State
- Florida
- Longitude
- -80.1484
- Latitude
- 25.8536
