Over $100 000!, Miami Beach, FL 33141

Property Details for 0 Over $100 000!

Year built

2016

Property type

Retail properties & Spaces

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.

Location Insight

City

Miami Beach

County

Dade

State

Florida

Longitude

-80.1484

Latitude

25.8536