High Grossing restaurant in a Prime South Beach corner location
Business Description
Extremely profitable business established since 2011. Located on a prime corner location in South Beach. A block away from the beach. Large covered outdoor seating. 38 seats inside+ 38 seats outside. Restaurant produced over $1.7M in gross sales in 2023 and $1.4M in 2024 (despite a generally very slow summer in Miami Beach), with no advertising. High traffic area surrounded by many hotels. Heavy foot traffic. Good lease in place. Rent $19,834 per month, with 7 years left on the lease. Seller is leasing a small office/storage for an additional $1700 a month. Business is well structured around approx. 14 employees on W2. May qualify for an E2 visa. Owner's benefit over $490,000 in 2023 and $415,000 in 2024very easily verifiable. Simple American cuisine is served. Very strong breakfast and lunch. It is your chance to buy a real money maker in an exceptional location.
About the Business
- Years in Operation
- 14
- Employees
- 14
- Currently Relocatable
- Yes
- Facilities & Assets
- Prime corner location a block from the beach
- Market Outlook / Competition
- Business is located in a highly trafficked intersection. Surrounded by many hotels.
- Opportunities for Growth
- Very strong daytime business. Dinner revenue could be largely increased.
About the Sale
- Seller Motivation
- Seller invested in a franchise venture and is about to open 2 new locations.
- Transition Support
- two weeks at no cost.
Listing Info
- ID
- 2234070
- Listing Views
- 2008
Listing ID: 2234070 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 of Use. Learn how to avoid scams.
Businesses for SaleFlorida Businesses for SaleFlorida Food & Beverage Businesses for SaleFlorida Restaurants Businesses for Sale