Successfully Operating Restaurant In North Miami
Miami, FL Miami-dade County
Busy SHopping and Business Area in North Miami
Seller's Contact Information
- RE: Successfully Operating Restaurant In North Miami
- Contact: Zena Bardawell
Quick Facts
| Asking Price: | $295,000 | |
| Annual Revenue: | $850,000 | |
| Net Profit: | $110 | |
| Cash Flow: | $110,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | 40,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1978 | |
| Employees: | Not Disclosed | |
| BBN Listing #: | 102952883 | |
| Broker Reference #: | Not Disclosed |
Business Overview:
EXTREMELY MOTIVATED OWNER - This restaurant is a great opportunity for someone wanting to start in the business. This diner style restaurant currently mostly serves breakfast and lunch but closes at 8:00pm to cater to their clientele who are early diners. There is great potential to increase income by opening later in the evening with an expanded dinner menu serving beer and wine. The current setup is as an American style diner and located in a busy shopping center on a very busy main thoroughfare in the city. The restaurant seats at list 120 people and has lots of parking outside.
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Property Features and Assets:
Place is located in a busy shopping and business area, few minutes gets you into I-95, another 10-15 minutes to Miami Beach, Bal Harbour.
Market Competition and Expansion:
The restaurant is well established, is in a prime location and has been in business for many years. The restaurant has regular customers and new clients every day. This diner style restaurant also offers food delivery and pick-up. There are many businesses in the area making it a popular place for breakfast and lunch.
Reason for Selling:
Owner is an absentee.
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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