Ristorante a Miami

10 Businesses in a Hotel Complex in South Florida

MIAMI: 10 Businesses in Hotel Chain!!

Asking Price:$2,975,000
Cash Flow:$709,800
Gross Revenue:$4,984,000

FF&E:$500,000
Inventory:$75,000
Rent:$25,000 per Month

Since 1985 (36 years in business)

Water front in area of greatest current and future growth in Miami.

Businesses inside a Hotel Complex composed of 3 important flagged hotels
More than 1.900 hotel rooms with 92% annual occupancy
Other 850 residential and rental apartments.

The business that is being sold consists of:
Sport Bar,
Latin Cafeteria,
Restaurant,
Deli,
Mini market,
Pizzeria on premises & delivery,
Liquor Store,
Starbucks Coffee Shop.
Seller also manage the Room Service and the 4 ballrooms events salons services.

General manager + 2 sub-managers, managing the business with well training and loyal staff.

Annual Sales: $ 4,984,000
Owners Benefit: $ 709,800

Lease information:
Monthly Payment for all locations:
$ 25.000 included water, garbage, grease trap services, security guards, maintenance, employee parking.
New buyer can sign a new lease contract for 10 years.

Reason for sale: Owners retiring.

Transition period 60 days or as needed for smooth transition.

Location:Miami, FL
Inventory:Included in asking price
Real Estate:Leased
Building SF:12,500
Lease Expiration:12/31/2034
Employees:33
Furniture, Fixtures, & Equipment (FF&E):Included in asking price
Facilities:Business inside of a Hotel Complex composed of: Sport Bar Latin Cafeteria Restaurant Deli Mini market Pizzeria on premises & delivery Liquor Store Starbucks Coffee Shop Room Service General Service in 4 event salons
Support & Training:60 days
Reason for Selling:Owners Retiring