For Sale
$250,000

0 Italian Restaurant For Sale. Great Area In BchMiami Beach, FL 33140

Turnkey Italian eatery, prime location.

Overview

Added:
Dec 11, 2024
Days on market:
115
This 1,865-square-foot Italian restaurant in Miami Beach, Florida (zip code 33140), presents a unique opportunity for a new owner. Built in 2013, the restaurant boasts a fully equipped kitchen including a six-burner stove, grill, pizza oven, Hobart dough mixer, walk-in cooler, reach-in freezer, and ample prep space. The current lease, expiring August 30, 2028, offers five years remaining with renewal options. Monthly rent, inclusive of CAM, taxes, and insurance, is $6,741. The restaurant has a seating capacity for 45 patrons and currently employs five full-time and three part-time staff. While the business is not currently profitable, it provides an owner's salary and benefits of $105,000. Previous sales were nearly $400,000. The restaurant features an in-ground grease trap and is situated in a high-traffic area of South Beach, offering excellent visibility and accessibility. The asking price is $250,000. Note that traditional SBA financing is unavailable, but unsecured lending options may be available for qualified buyers with a credit score of 680 or higher. This turnkey operation allows a new owner to bypass the lengthy start-up process, potentially opening within weeks.

Highlights

  • Established Italian Restaurant for Sale.
  • Excellent opportunity to revitalize a profitable business.
  • High-traffic location in South Beach's affluent neighborhood.
  • Exceptional value for a South Beach high-traffic location.
  • Turnkey operation ready for immediate ownership.
  • Turnkey opportunity in prime South Beach location.

Property Details for 0 Italian Restaurant For Sale. Great Area In Bch

Property type
Retail properties, Restaurants
Square Feet
1,865 SF
Year Built
2013

Location Insight

City
Miami Beach
County
Miami-Dade
State
Florida
Latitude
25.8176795
Longitude
-80.1372757
Italian Restaurant For Sale. Great Area In Bch, Miami Beach, Florida

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0 Italian Restaurant For Sale. Great Area In Bch
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