For Sale
$385,000

2017 Indian River BlvdVero Beach, FL 32960

Established Latin Cuisine, High Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
114
This thriving Latin American restaurant, "Latin Melting Pot," presents a unique investment opportunity in Vero Beach, Florida. Located at 2017 Indian River Blvd within the desirable 3 Avenues shopping plaza, this turnkey business boasts 1,660 square feet and offers a diverse menu featuring authentic cuisine from Argentina, Cuba, Brazil, Colombia, and Mexico. The restaurant is fully equipped with a complete kitchen, including a rotating pizza oven, and holds a beer and wine license. The current owner/user model provides a strong foundation for continued success. Financial performance is exceptional, with a remarkable 44.94% cap rate and a Net Operating Income (NOI) of $173,000. The asking price is $385,000, translating to $231.93 per square foot. The business currently operates with 50 units, suggesting significant capacity and potential for expansion. This established and growing restaurant offers a rare chance to acquire a profitable and well-regarded business in a prime Vero Beach location. The exceptional financial metrics and established customer base make this an attractive investment for both experienced restaurateurs and savvy investors seeking a high-return opportunity. Detailed financial statements are available upon request.

Property Details for 2017 Indian River Blvd

Property type
Square Feet
1,660 SF
Units
50

Location Insight

City
Vero Beach
County
Indian River
State
Florida
Latitude
27.639263738078
Longitude
-80.381477332238
2017 Indian River Blvd, Vero Beach, Florida

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2017 Indian River Blvd
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