High Grossing restaurant in a Prime South Beach corner location

Miami Beach, FL
listing image
Asking Price:$690,000
Gross Revenue:$1,769,474
FF&E:$100,000
Cash Flow:$440,000
Inventory:$4,000
Established Year:2011
BUSINESS DESCRIPTION

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.


DETAILED INFORMATION
Location
Relocatable
Inventory
Included in asking price
Employees
14
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Prime corner location a block from the beach
Competition
Business is located in a highly trafficked intersection. Surrounded by many hotels.
Growth & Expansion
Very strong daytime business. Dinner revenue could be largely increased.
Support & Training
two weeks at no cost.
Reason for Selling
Seller invested in a franchise venture and is about to open 2 new locations.
Report an Issue with this listing
profile-img
Gregory
Marie
logo-img
Gregory Marie