Listing Number: BBF-1221-787878
May Qualify For Visa

Asking Price: $5,700,000

Down Payment: $5,700,000
Location: Miami-Dade County, Florida, USA
Category: Restaurants
SIC Code: 5812
Annual Sales: $3,795,151
Discretionary Earnings: $243,074

Business Overview

This is a profitable, well-established seafood restaurant in a prime Miami-Dade location, recognized as a local institution with no direct competition. The restaurant boasts a 4COP liquor license and comes with a free-standing building (6,084 sq ft) on a 16,509 sq ft lot, offering tremendous potential for growth or redevelopment.

The restaurant has a capacity of 177 seats, a loyal customer base, and a turnkey operation that ensures a smooth transition. The owners are committed to providing full training for the new buyer.

An additional opportunity exists to purchase the adjacent seafood market and real estate for $4.8M, providing further expansion or investment potential.

Highlights

• Iconic, high-visibility location in Miami-Dade

• 4COP liquor license included

• Free-standing building: 6,084 sq ft on 16,509 sq ft lot

• 177 seats, full-service turnkey operation

• Cosy, traditional décor with loyal clientele

• Growth opportunities: lunch service, delivery, expanded catering

• Owners available for full training for smooth transition

Business Information

• Relocatable: No

• Home-Based: No

• Franchise: No

• Lender Pre-Qualified: No

• May Qualify for Visa: Yes

Assets Included

• Accounts Receivable: $0

• Real Estate: $4,750,000

• Inventory: $162,105

• Furniture, Fixtures & Equipment (FF&E): $990,222

• Total Assets: $5,740,222

• Leasehold Improvements: $0