famous Sports Bar&Grill + Boutique Hotel and cafe

North Miami Beach, FL
Miami Dade County

North Miami Beach

Asking Price: Annual Revenue:
$480,000 $2,012,462

Food & Beverage: Bars, Clubs, Nightspots

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RE: famous Sports Bar&Grill + Boutique Hotel and cafe Broker: 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

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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:


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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