For Sale
$250,000

Italian Restaurant For Sale. Great Area In Bch Miami Beach, FL 33140

Turnkey Italian eatery, prime location.

Overview

Added:
Dec 11, 2024
Days on market:
136
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

FAQs

What type of property is this?
Retail property - Turnkey Italian eatery, prime location.
Where is the retail property located?
The property is located at Italian Restaurant For Sale. Great Area In Bch Miami Beach, FL.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Established Italian Restaurant for Sale.; Excellent opportunity to revitalize a profitable business.; High-traffic location in South Beach's affluent neighborhood.
How can I contact the broker?
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