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

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

Year built

2013

Property size (Sq ft)

1,865 SF

Property type

Retail properties

Property subtype

Restaurants

Description

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.

Location Insight

City

Miami Beach

County

Miami-Dade

State

Florida

Latitude

25.8177

Longitude

-80.1373

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