High Grossing restaurant in a Prime South Beach corner location
Asking Price: | $690,000 |
Gross Revenue: | $1,769,474 |
FF&E: | $100,000 |
Cash Flow: | $440,000 |
Inventory: | $4,000 |
Established Year: | 2011 |
Possibly the best restaurant deal in all Miami Beach. extremely profitable business established since 2011. Located on a prime corner location in South Beach. A block away from the beach. Large covered outdoor seating. 38 seats inside+ 38 seats outside. Restaurant produces over $1.7M in gross sales in 2023 with no advertising. High traffic area surrounded by many hotels. Heavy foot traffic. Good lease in place. Rent $19,834 per month, with 8 years left on the lease. Seller is leasing a small office/storage for an additional $1700 a month. Business is well structured around approx. 14 employees on W2. May qualify for an E2 visa. Owner's benefit over $440,000 in 2023 very easily verifiable. Simple American cuisine is served. Very strong breakfast and lunch. Priced for a quick sale. Business has already collected over $1,350,000 as of Oct 31st. Despite a general very slow summer in Miami Beach. It is your chance to buy a real money maker in an exceptional location, just before the start of the season.
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