Hotel Complex Multiple Concession of Services

Miami, FL (Miami-Dade County)

2
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Asking Price: Get Financing: $2,950,000

Cash Flow: N/A

Gross Revenue: $4,500,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Lease Rate: $2 /SF/Month

Established: 1986

Hotel Complex Multiple Concession of Services

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Business Description

Business Description

Hotel Complex Multiple Concession of Services

In Miami: Area of great growth Miami. Oceanfront

The Hotel Complex is composed of 3 large hotels with very recognized international flags +/- 1,900 hotel rooms with 92% occupancy and over 800 residential and rental apartments.

Business /consists of:
- Sports Bar
- Latin Cafeteria
- Restaurant
- Dely with Mini Market
- Pizza on premise and delivery service
- Liquor store
- Coffee Shop (Starbucks)
- Room Service
- General management of 4 events rooms:
A) Capacity for 75 people
B) Capacity for 75 people
C) Capacity for 75 people
Note: Salon B and C can be joined by opening folding doors.
D) Ballroom with capacity for +/- 300 with Bay views and with terrace on the bay

Total concession size: +/- 12,500 sq.ft.

Distribution inside the Hotel Complex:
- Lobby Floor:
Sport Bar Cafeteria + Latin + Restaurant + Deli, small supermarket, Pizza on and delivery + Liquor store + Proudly serving Starbucks coffee shop (all establishments can communicate internally with there own large KITCHEN and individual work areas for each business).
- First Floor:
Meeting Rooms + terrace over the bay and with kitchens and own work areas

- Open since 1986, present owners have being operating it since 2003.

Lease/Rental Information:
-The lease is assignable, the new buyer can renew the rental contract for 10 years
- Monthly payment: +/- $ 25,000
- The rental price includes the common expenses of the building that includes: water, garbage, cleaning of the grease tanks, security guards, maintenance of common areas, valet parking, parking for employees in the basement, etc ...

Annual sales: +/- 4,500,000 M

Employees:
There is a total of 46 employees, 1 General Manager, 2 sub-managers 5 for the Lobby Businesses and 4 full time for Banquets .
The other employees are used for the events depending on the number of people that will attend each event., With an average of 15 employees per week (In this List does not include the 3 employees from the catering office which are in the hotel books, of which the present owner pays 60% of their salary.

-The Executive Chef in charge of the entire operation of the Salons

Notes of interest:
- The event halls have been rated by the company "The Knot" Wedding Network # 1 for the best weddings: in 2012, 2015, 2016 and 2017 voted to be 4 times the most voted to the Hall of Fame
- 4COP license for the sale of alcoholic beverages
- There are distributions / of food, pizza and also liquors.
- Members of Ubereats, Postmates, Grubbhub Companies that created the website.
- Security systems of general control of the entire operation by cameras connected to the internet
- Computerized system of boxes: individual for each of the businesses connected to the internet

- Great capacity for growth

Asking Sale Price: $ 2,950,000

Reason for sale: Owners want to retire (age) Very Motivated to sell!

Sellers are willing to stay 60 days during the transition period without pay., will help the new owner with the transfer of licenses and permits with City of Miami.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
12,500
Lease Expiration:
12/31/2028
Employees:
50
Facilities:
The Hotel Complex is composed of 3 large hotels with very recognized international flags +/- 1,900 hotel rooms with 92% occupancy and over 800 residential and rental apartments. Business /consists of: - Sports Bar - Latin Cafeteria - Restaurant - Dely with Mini Market - Pizza on premise and delivery service - Liquor store - Coffee Shop (Starbucks) - Room Service - General management of 4 events rooms: A) Capacity for 75 people B) Capacity for 75 people C) Capacity for 75 people Note: Salon B and C can be joined by opening folding doors. D) Ballroom with capacity for +/- 300 with Bay views and with terrace on the bay Total concession size: +/- 12,500 sq.ft. Distribution inside the Hotel Complex: - Lobby Floor: Sport Bar Cafeteria + Latin + Restaurant + Deli, small supermarket, Pizza on and delivery + Liquor store + Proudly serving Starbucks coffee shop (all establishments can communicate internally with there own large KITCHEN and individual work areas for each business). - First Floor: Meeting Rooms + terrace over the bay and with kitchens and own work areas (Home Based)
Support & Training:
60 days
Reason for Selling:
Owners want to retire (age) Very Motivated to sell!
Home-Based:
This business is Home-Based
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Contact the Seller

(from currently available funds)
 
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Jose Carlos Perez Dominguez

Business Listed By:
Jose Carlos Perez Dominguez

Capital Int'l Realty LLC

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