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Spanish Style Restaurant Including Real Estate

Miami, FL (Miami-Dade County)

Dining Room
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Asking Price: $2,300,000

Cash Flow: $197,843

Gross Revenue: $923,832

EBITDA: $175,677

FF&E: $146,486

Inventory: $34,000

Real Estate: $1,900,000

Established: 2008

Spanish Style Restaurant Including Real Estate

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Business Description

Purchase the Business or Business plus Real Estate

This 10 year old business open for lunch & dinner, consistently does over $1,000,000 in annual sales plus outside catering. The Business is only open 5 days a week creating immediate upside potential. The Restaurant is located in a shopping center that is all condo so you can purchase the real estate as well and pay rent to yourself! The sale includes all equipment, artwork, tables, chairs, dishes and silverware.

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Detailed Information

Location:
Miami, FL
Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
2,725
Employees:
15
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Fully equipped. This restaurant can accommodate 80 - 120 seats depending on configuration. Beer and Wine License included with sale.
Competition:
This a is a highly successful business with a great reputation. Demographics are very strong and the business enjoys a loyal following with significant wait times during holidays and peak season. There is no competition in the area.
Growth & Expansion:
Closed on Monday and Tuesday as the owner is the chef. Opening up for Monday and Tuesday should increase sales by 25%. Adding breakfast is also an option to increase sales.
Financing:
This business and the real estate are owned free and clear.
Support & Training:
Owner is willing to support and train for up to 45 days depending on the deal.
Reason for Selling:
Children have moved away, Owner has minor health issues and ready to move on.
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Contact the Seller

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Business Listed By:
Geoffrey P. Stevens

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