Famous Sports Bar&Grill Boutique Hotel And Cafe
North Miami Beach, FL Miami-dade County
North Miami Beach
Seller's Contact Information
- RE: Famous Sports Bar&Grill Boutique Hotel And Cafe
- Contact: Raquel Afriat
Quick Facts
| Asking Price: | $480,000 | |
| Annual Revenue: | $2,012,462 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | Not Disclosed | |
| Total Debt: | Not Disclosed | |
| FF&E: | 700,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1970 | |
| Employees: | 16 | |
| BBN Listing #: | 312148944 | |
| Broker Reference #: | Not Disclosed |
Business Overview:
UNIQUE ! A real Institution in Miami since 1970! Famous American Bar & Grill, outside Cafe and Boutique Hotel.
Recently renovated. Equipped with all-new big screen TV's for sports, pool tables and conveniently located from nearby beach access. The boutique hotel offers 29 rooms with direct ocean view, Updated with new floors, windows, appliances and furniture, this establishment is a hidden gem. Winner of numerous around town awards including Miami New Times 'BEST OF MIAMI'.
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Property Features and Assets:
Property built in 1949 - lobby with restaurant 70 seat 60 outside seating 60and separate entrance for the hotel reception and 1st floor for hotel rooms. The hotel offers 29 cozy rooms with private bath, about 200 square feet, queen size bed, RECENTLY RENOVATED. Ocean view. New refrigerator, micro-wave, flatscreen TV with direct TV. Free wi-fi, all flooring. Paint and windows are new as well as all appliances.Open everyday from 12pm to 5 am.
Market Competition and Expansion:
This is a true local's hangout, cozy and comfortable. Pool tables, darts, flat screen TV's to watch sport games and fights.
Reason for Selling:
Relocation.
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
Documents:
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