MergerPlace

Successful Latin Food Restaurant

Florida (Miami-Dade)


  • Asking Price: $565,000
  • Gross Income: $701,024
  • Cash Flow: $226,382
  • Real Estate: Not Disclosed
  • Inventory: $1,000
  • FF&E: $60,000
  • Listing ID: #224586
  • Established: 1996
  • Employees: 7 FT

Business Description

Well known Latin Restaurant established since 1996. The restaurant is very well known and among the costumers you will find politicians, business people, baseball players, actors and singers. Excellent internet reviews the restaurant seats 67 people. Karaoke on Fridays and live music on Saturdays. The restaurant has beer and wine license. The restaurant has been serving food for the visiting team at the Marlins stadium for 18 years as the food is a favorite of baseball players. During the pandemic they have downsized the operation and the revenues and profitability have remained strong. Great opportunity for a new owner with energy to take over a successful business.


Business Details

Primary Business Category: Restaurants, Bars & Other Food Services
Location: Florida
County: Miami-Dade

Company Information

Year Established: 1996
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 7 FT

Financial Information

Asking Price: $565,000
Gross Revenue: $701,024
Cash Flow: $226,382
FF&E: $60,000
Inventory: $1,000
Seller Financing Available: Yes

Property Information

Facilities:

The business is conveniently located in a strip mall with great traffic and ample parking. The business has been established in the same place since 1996. Convenient rent for only $3,835.

Growth & expansion opportunities:

There is a possibility to expand the restaurant taking the next location. The bar can be improved and a 4 COP license can be purchased. More digital marketing can be implemented to bring more costumers.

Competition:

There are other offerings of Latin food in the area. However this restaurant is unique in its history, customers and the quality of the food.

Reason for selling:

Retirement.

Support & Training:

Will train for 2 weeks @ $0 cost.

Contact Business Seller

This form may be used only to contact the seller of this specific business listing. Please do not use this form for any other purpose.

Business Listed By:

Andy Fischer

Murphy Business Brokers