Successful Spanish Food Restaurant for Sale

Not Disclosed, FL
Miami Dade County

Asking Price: Annual Revenue:
$840,000 $1,775,247

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Successful Spanish Food Restaurant for Sale Broker: Andy Fischer

Quick Facts

Asking Price: $840,000
Annual Revenue: $1,775,247
Net Profit: Not Disclosed
Cash Flow: $307,692
Total Debt: Not Disclosed
FF&E: $50,000
Real Estate: Not Disclosed
Year Established: 2005
Employees: 15
BBN Listing #: 54254955
Broker Reference #: 1040-16078

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Business Overview:

Very successful and well known Spanish restaurant established in 2013. They serve classic tapas, covering a sample of the entire Spanish geography. A wide selection of paellas, meat and fish, which are cooked at the moment. There is a big commitment to gastronomic quality and art, positioning the restaurant as a benchmark in authentic Spanish food and flamenco rumba. Loyal staff which is well paid and trained. Efficient operation that does not depend on owner. During the Covid-19 the restaurant has managed to do very well and since September the numbers have come back strong. First quarter of 2021 better than 2019. Excellent reviews in social media.

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Property Features and Assets:

There is been is this location a Spanish restaurant at least since 2005. Current rent is $7,459. Inside space is 1,800 square feet and outdoor space is 1,000 square feet. The kitchen was recently remodeled, a new grease trap installed and the complete A/C system was upgraded. Lease expires in October, 2023 and there is one 5 year option to renew. Permit for 74 seats, however the permit can be increased for additional seats. Assets = $110,000.

Market Competition and Expansion:

This restaurant is a benchmark in Spanish food and the Flamenco shows. It is hard to find a restaurant of this type in the area. The additional outdoor space gives the opportunity to increase the revenues of the restaurant. Also a new owner could get a 4COP license which could be an important source of additional revenues.

Reason for Selling:

Change of activity after so many years.

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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