Business Summary:
Latin American Family Restaurant. Well Known 200+ Seat Restaurant located in the heart of Miami. Established 11 years. This restaurant is recognized as a Miami institution as it has served hearty portions of Latin Food to the community for years. The owner is tired and wants to retire. He is looking for an experienced restaurant operator to continue the good-will and carry forward the name this famous restaurant has built in the community over the years. Serious Inquiries Only!
Reason for Sale : Other Interests
General Location : Miami
Organization Type : Corp 'Sub S' Hours Owner Works: 40
Years Established : 11 Years Owned: 3 Emp FT: 12
Emp PT: 28 Mgrs: 0
Non Compete : Miles: 5 Years: 5 Weeks Training: 2 Cost: 0
Operating dys/hrs : 7am to 10pm
Skills/Licenses : Restaurant Experience
Lease/Month: 19200 Square Footage: 5,700 Building Type: Real
Terms & Options: Yes Expiration Date: 6/7/2021
ASKING PRICE: $495,000 Gross Revenues: $1,500,000
Net Profits: $235,276
***You will be required to provide verification of your ability to purchase this business***
*****You will be required to sign a Confidentiality Agreement prior to receiving additional information regarding this business*****
**********PLEASE, SERIOUS INQUIRIES ONLY**********
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