High Grossing restaurant in a Prime South Beach corner location

Asking Price$700,000

Cash Flow
$440,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$1,769,474

Inventory$4,000
Included in asking price
FF&E$100,000
Included in asking price
Real EstateNot Disclosed

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High Grossing restaurant in a Prime South Beach corner location


Asking Price$700,000

Cash Flow
$440,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$1,769,474

Inventory$4,000
Included in asking price
FF&E$100,000
Included in asking price
Real EstateNot Disclosed

Business Description
Reduced for a quick sale. 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 produced 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. Sales 2024 were steady (approx $1.6M gross) despite a generally very slow summer in Miami Beach. It is your chance to buy a real money maker in an exceptional location.
About the Business
Years in Operation
14
Employees
14
Currently Relocatable
Yes
Facilities & Assets
Prime corner location a block from the beach
Market Outlook / Competition
Business is located in a highly trafficked intersection. Surrounded by many hotels.
Opportunities for Growth
Very strong daytime business. Dinner revenue could be largely increased.
About the Sale
Seller Motivation
Seller invested in a franchise venture and is about to open 2 new locations.
Transition Support
two weeks at no cost.
Listing Info
ID
2234070
Listing Views
1898

Contact Seller

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Business Listed by: Gregory Marie Grand Realty of America

Listing ID: 2234070 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.


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