Latin Restaurant for Sale

Not Disclosed, FL
Miami Dade County

Asking Price: Annual Revenue:
$145,000 Not Disclosed

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Latin Restaurant for Sale Broker: Andy Fischer

Quick Facts

Asking Price: $145,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $85,000
Real Estate: Not Disclosed
Year Established: 2003
Employees: 5
BBN Listing #: 96074955
Broker Reference #: 1040-16413

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Business Overview:

Beautiful Colombian restaurant for sale in Miami-Dade County. The business is operating and is being sold as an asset sale. This Colombian restaurant has operated in same location since 2003. Recently renovated, equipment in excellent condition and all permits up to date. Equipment includes hood, several TV's and sound. Excellent location, ample parking, load and unload area on a high traffic street, close to a hospital and Turnpike. Important Latin population in the area. Seating for 70 people. Beer and wine license. Asking price is below the cost of setting up a new restaurant. Great Opportunity. Health issues forces owner to sell.

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Property Features and Assets:

The restaurant is located in a strip mall with great location. The space is 1,964 sq ft and the rent is $5,005 (including CAM and taxes). Current lease expires in January, 2022 and there are 2 options of 3 years each. Assets = $155,000.

Market Competition and Expansion:

There are other offerings in the area. This restaurant has a great location, with excellent parking and has very good set up with a good kitchen. This location has a great potential. A dedicated owner can grow the business. Also, currently the restaurant doesn't offer breakfast nor delivery. These are two great opportunities to grow the business.

Reason for Selling:

Health issues.

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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