South Miami/Gables Very Popular Restaurant
Business Description
Well-established American restaurant serving as a beloved neighborhood favorite in the upscale Coral Gables area of Miami-Dade County. Operating successfully since 2010, this profitable dining establishment has built a loyal customer base and strong reputation in one of South Florida's most desirable locations.
FINANCIAL HIGHLIGHTS:
• Annual Revenue: $3,400,000
• EBITDA: $455,000 (13.4% margin)
• Currently operated by absentee owner with manager in place
• Seller financing available
• FF&E valued at $400,000
• Inventory value: $100,000
LOCATION & LEASE TERMS:
• Prime 4,500 sq ft space in growing upscale neighborhood
• Lease rate: $13,500/month
• Long-term lease security through November 2035
• Surrounded by ongoing development including new condominiums and hotel construction
GROWTH OPPORTUNITIES:
• Expand Sunday operations (currently close at 4 PM)
• Develop underutilized catering services through strategic marketing
• Capitalize on thousands of new potential customers from area development projects
• Owner-operator could significantly increase profitability given current absentee management
OPERATIONAL ADVANTAGES:
• Experienced manager willing to stay post-sale
• Established systems and processes in place
• Strong recurring customer base with neighborhood loyalty
• Proven track record of consistent performance over 14 years
SUPPORT & TRANSITION:
• Retiring owner will provide 6 months of transition assistance
• Manager continuity ensures smooth operational handover
• Comprehensive training and support included
This turnkey opportunity offers immediate cash flow with substantial upside potential in one of Miami's most prestigious and rapidly growing markets. The combination of established operations, prime location, and multiple expansion opportunities makes this an exceptional investment for restaurateurs seeking a profitable, well-positioned business.
FINANCIAL HIGHLIGHTS:
• Annual Revenue: $3,400,000
• EBITDA: $455,000 (13.4% margin)
• Currently operated by absentee owner with manager in place
• Seller financing available
• FF&E valued at $400,000
• Inventory value: $100,000
LOCATION & LEASE TERMS:
• Prime 4,500 sq ft space in growing upscale neighborhood
• Lease rate: $13,500/month
• Long-term lease security through November 2035
• Surrounded by ongoing development including new condominiums and hotel construction
GROWTH OPPORTUNITIES:
• Expand Sunday operations (currently close at 4 PM)
• Develop underutilized catering services through strategic marketing
• Capitalize on thousands of new potential customers from area development projects
• Owner-operator could significantly increase profitability given current absentee management
OPERATIONAL ADVANTAGES:
• Experienced manager willing to stay post-sale
• Established systems and processes in place
• Strong recurring customer base with neighborhood loyalty
• Proven track record of consistent performance over 14 years
SUPPORT & TRANSITION:
• Retiring owner will provide 6 months of transition assistance
• Manager continuity ensures smooth operational handover
• Comprehensive training and support included
This turnkey opportunity offers immediate cash flow with substantial upside potential in one of Miami's most prestigious and rapidly growing markets. The combination of established operations, prime location, and multiple expansion opportunities makes this an exceptional investment for restaurateurs seeking a profitable, well-positioned business.
About the Business
- Years in Operation
- 16
- Employees
- 21 (18 Full-time, 3 Part-time)
Employees have been in place for several years - Facilities & Assets
- Fully equipped kitchen with 1 year old equip., bar has lots of extras including a refrigerated beer dispenser. 4 CDP Liquor License included. Currently seating for 74 people. Food cost running at 29%. Owner willing to share info after you sign an NDA.
- Market Outlook / Competition
- This restaurant is located in a very upscale growing area. It is a neighborhood favorite and there are lots of regular customers. There is lots of growth in the area including condo's and even a hotel being built close by.
- Opportunities for Growth
- Currently they are closed on Sunday at 4 but could do dinner on Sundays. They are doing catering but this could be developed because currently they are not marketing it. The building in the area should add literally thousands of potential customers in the next few years..
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 4,500
- Rent
- $13,500.00 per month
About the Sale
- Seller Motivation
- Owner is retiring
- Transition Support
- Manager in place and willing to stay. Owner willing to assist buyer for first 6 months.
Listing Info
- ID
- 2484354
- Listing Views
- 9
Listing ID: 2484354 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.
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