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Beautiful Italian Restaurant South Beach

Miami Beach, FL

Seller Financing Available

Asking Price:$429,000
Gross Revenue:$1,322,071
Rent:$11,310/Month
Established Year:2020
Cash Flow:$171,186
Inventory:$5,000
FF&E:$160,000
Listing ID: 2238343Listing provided by BizBuySell
BUSINESS DESCRIPTION

Last Affordable Rent on Lincoln Rd.

Directly on Lincoln Rd, one of the best locations in the heart of South Beach! With the most affordable rent for Lincoln Rd and with well over a million dollars in gross revenues, this restaurant is a gem! Owner is somewhat absentee. An owner operator would surely improve the Gross-to-Net ratio. An incredible location with a pristine restaurant. This Italian restaurant has an impeccable reputation and is always busy. Perfect for an investor/manager who wants a successful business already established, where he only has to run a professional administration.
VERY RARE OPPORTUNITY TO OWN A FULLY REMODELED AND WELL-ESTABLISHED SUCCESSFUL RESTAURANT IN MIAMI BEACH
Signed NDA & PROOF of FUNDS required for all information. Seats 30 inside, 22 outside.

DETAILED INFORMATION
Location
Miami Beach, FL
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
900
Lease Expiration
31/10/2033
Employees
6
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Fully Equipped, Fully Remodeled beautiful restaurant on Lincoln Rd, South Beach. Professional Pizza Oven.
Competition
Lowest rent on the market. Monthly rent for restaurants on Lincoln Rd is often 30k to 120k per month. This is the last restaurant with an affordable rent of about 11K per month.
Growth & Expansion
This restaurant is probably the best and most affordable tools to run a successful restaurant business in Miami Beach.
Financing
Seller may be willing to finance a portion of the sale.
Support & Training
Seller will train at no cost for 2 weeks.
Reason for Selling
Current Owner has no experience and would like to move on to a different industr
BUSINESS LOCATION
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Thierry Pauquet de Villejust
Phone Number
Thierry Pauquet de Villejust
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