Business Summary:
A genuine Coconut Grove landmark for 25 years! Restaurant & bar with 9,000 sq ft over 2 floors. Occupancy license for 311 with tables & 480 without tables when run as a nightclub (alcohol licensed until 3am). Superb lease in the heart of Coconut Grove with 23 years inc. options left to run. Base rent is well below current market @ $13.30/sq ft with yearly increases capped at 2% for the life of the lease. Tenant has 1st right of refusal to buy. Lease allows conversion to any other cuisine style.
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| Year
Business was Established: 1975 |
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| Number of Employees:
16 FT |
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| Facilities / Terms of Lease:
$9945/mo in 9000 sf |
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| Owner
willing to finance:
Seller will finance $250K @9% 18 pmts |
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| Owner
willing to train:
Seller will train for 2 weeks at no cost |
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| Reason for selling:
Retirement and health issues |
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Seller Reference Number: 35008833
BusinessMart.com Listing Number: 47784 |
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