Famous Sports Bar&Grill + Boutique Hotel and outside Cafe

Contact Seller
Established Hotel/American restaurant with 4COP license in Miiami Beach
Asking Price:
$1,100,000
Get Financing
Gross Revenue:
$2,012,462
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
$23,000
included in asking price

FF&E:
$700,000
included in asking price

Share this business:

Business Description

A real Institution in Miami Beach 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 right on Collins ave and accross the street 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, 10 mn by taxi to world famous South Beach. Winner of numerous around town awards including Miami New Times "BEST OF MIAMI".

About the Business

Year Established:
1970
Number of Employees:
16
Real Estate:
Leased
Building Sq. Ft.:
13,354
Lease Amount/Mo.:
$35,591.00
Lease Expiration:
12/31/2034
Facilities:
property built in 1949 - lobby with restaurant 70 seat + 60 outside seating 60and separate entrancefor the hotel reception and 1st floor for hotel rooms
The hotel offers 29 cozy rooms with private bath, about 200sft, 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.Opens everyday from 12pm to 5 am
Market Outlook/
Competition:
An american bar and grill since 1970 that has been a North Beach Institution. This is a true local's hangout, cozy and comfortable. Pool tables, darts, flat screen TV's to watch sport games and fights.
Growth & Expansion:
The restaurant offers a wide selection of tap and bottled beers, good wine selection, full bar, fresh-made soups, steaks, salads, giant sandwiches, tacos that are bigger than anywhere else, grilled veggies, and excellent seafood, grilled salmon or mahi-mahi.
Late menu, music, passes for free parking, indoor and outdoor dining and more...
Contact the Seller

About the Sale

Reason For Selling:
Relocation and other interests
Training/Support:
3 weeks for free
Seller Financing:
up to 20% to the right Buyer

Listing Info

ID:
1509278
Ad Detail Views:
232

Contact the Seller
$
months
Please confirm you're not a robot
Contact the Seller
Business Listed by

Raquel Afriat

VR Business Brokers

 Show Phone Number

View My 23 Active Listings
U.S. Census Data for Miami-Dade County, FL
Age

Gender

Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Miami-Dade County, FL
Income

Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


Similar Listings


Report an Issue The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms & Conditions.
;