Absent owner sells 14 year growing business

Miami, FL (Miami-Dade County)

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Asking Price: $160,000

Cash Flow: $18,900

Gross Revenue: $39,400

EBITDA: $40,400

FF&E: $5,000

Inventory: $6,000*

Rent: $3,500 /Month

Established: 2004

*not included in asking price.

Absent owner sells 14 year growing business

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Business Description

5 Google stars Business for sale working for over 15 years.

Great opportunity for a very stable and linear souvenir and Convenience store over the last 15 years. The store is located in the interior mall at The Grand Building in Miami, next to the Venetian Crossway, on the Bay. The store services The Doubletree Hotel, Marriot, The Grand, and the Hilton hotel on Biscayne Bay along with the rest of retails at the mall. For over 15 years it has win the trust of not only residents at The Grand but workers at the building and hotels who also come for daily treats, cigarretes, waters... Great investment opportunity for an owner who will be running the business. Also money can be saved on payroll if some hours are covered by owner. Store runs 365 days a year 16 hours a day. Traffic volumes are increasing, as near by hotels are getting new traffic from cruises and since The Grand building itself is changing their long term tenats to Airbnb bringing lots of tourists on a daily basis.

Detailed Information

Location:
Miami, FL
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
534
Lease Expiration:
4/1/2024
Employees:
3
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
There are 2 parking spots included with the lease for employees. Lease can be renewed.
Competition:
The prime location of the store from the 4 corners of the building makes of the Grand Trading Post also an impossible spot to miss. Also is the only store selling souvenirs, and being located next to the Port, it serves to the thousand of tourist that spend the night in Miami.
Growth & Expansion:
The business is an excellent showcase to try any product. Alcohol license could be arranged with Lanlord. Can be opened 24 hours a day Delivery service can be added servicing the Edgewater area. Vending Machines could work 24 hours Lottery could be added
Financing:
Lease can be renewed
Support & Training:
The store runs by itself, only one employee at the time is needed. Basic training on POS will be facilitated along with list of suppliers.
Reason for Selling:
Out of Country Owner
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Business Listed By:
ALEJANDRA SANCHEZ

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