For Sale
$550,000

0 Over $150 000!Miami Beach, FL 33141

Established Latin Restaurant; High Profits

Overview

Added:
Dec 11, 2024
Days on market:
114
This thriving Latin restaurant in Miami Beach, Florida, presents a unique investment opportunity. Priced at $550,000, this 2,400 square foot establishment boasts impressive financials, generating over $600,000 in gross revenue and a net owner benefit exceeding $150,000. The restaurant features a fully equipped kitchen including two fryers, a six-burner stove, grill, industrial wok, three-compartment sink, commercial oven, microwave, five blenders, rice cooker, four prep tables, convection oven, dessert display, slicer, two glass-door counter coolers, two freezers, an ice machine, and two industrial freezers and refrigerators. The current lease extends until May 30, 2031, with a monthly rent of $10,500. The inviting space comfortably seats 25 patrons indoors. The restaurant operates from 9 am to 10 pm, employing two full-time and two part-time staff members. Two POS systems and six flat-screen TVs enhance the customer experience. All equipment is new and the buildout is beautiful. Located in a high-traffic area experiencing significant growth with new residential and hotel developments planned, this restaurant offers substantial potential for continued success and expansion. The sale includes all existing equipment, fixtures, and the established business concept. This is a turnkey operation ready for a new owner to step in and continue its success. The current owner is retiring, presenting a rare opportunity to acquire a profitable and well-established business in a prime Miami Beach location.

Highlights

  • $550,000 asking price for a profitable Latin restaurant in Miami Beach, FL.
  • 2,400 square foot retail space with a lease expiring May 30, 2031.
  • Generating over $150,000 in owner benefits and over $600,000 in gross revenue.
  • Fully equipped kitchen including two fryers, six-burner stove, grill, industrial wok, three-compartment sink, commercial oven, microwave, five blenders, four prep tables, convection oven, dessert display, slicer, two glass-door coolers, two freezers, and ice machine, plus two industrial freezers and two industrial refrigerators.
  • Includes two POS systems, six flat-screen TVs, and seating for 25.

Property Details for 0 Over $150 000!

Property type
Retail properties, Restaurants
Square Feet
2,400 SF

Location Insight

City
Miami Beach
County
Miami-Dade
State
Florida
Latitude
25.8535635
Longitude
-80.1484407
Over $150 000!, Miami Beach, Florida

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0 Over $150 000!
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