- Restaurants For Sale
Description
Former TUR Kitchen: A Premier Business Opportunity in Coral Gables
Location: 259 Giralda Ave., Coral Gables, FL 33134
This strategically located restaurant and bar is in the bustling heart of Coral Gables. This is a versatile asset sale offering a rare opportunity to acquire a turnkey operation with the flexibility to adapt to any dining concept.
This restaurant space was custom-built from the ground up in 2018 and opened its doors in 2019, just before the COVID-19 pandemic. The next restaurant concept to occupy this location would be only the second user of this practically new infrastructure.
- Size: 2,050 SF under air + wrap around covered patio space
- Rent: $10,775 per month.
- Lease Term Remaining: There are 5 years left on the initial lease term, with two additional 5-year options available.
Sales Figures Under Tur Kitchen:
- 2021 – $2.3 mm
- 2022 – $2.3 mm
- 2023 – $1.7 mm
Key Features:
- Comprehensive Business Sale: Includes a food and full alcohol business license (SFS), all equipment, fixtures, and furniture necessary for immediate operation.
- High Gross Sales: Former Concept (TUR KITCHEN) successfully generated over $1,700,000 in annual sales, demonstrating proven profitability and operational success.
- Lease Terms: Favorable lease conditions with a monthly rent of $10,775 and approximately 5 years available left on the initial term, including two additional 5-year options, ensuring long-term stability.
- Strategic Location: Positioned on the ground floor of a modern mixed-use building, it benefits from heavy pedestrian and vehicular traffic. Neighboring high-profile restaurants and businesses contribute to a vibrant local dining scene.
Operational Advantages:
- Utilities: Efficient management of operational costs with FPL at $2,800 per month and gas at $1,000 per month. Water and waste are conveniently included in CAM charges.
- Parking: One reserved parking spot for the owner or chef, additional free parking available for staff on a first-come, first-served basis, and public parking options nearby.
Neighborhood and Accessibility:
- The restaurant enjoys proximity to Giralda Place Residences and is just blocks north of Miracle Way on Ponce de Leon. The area is a hub for local and visiting patrons alike, drawn by over 150 annual events ranging from parades to culinary showcases.
The former TUR Kitchen space presents an exceptional opportunity to own and grow a culinary enterprise in one of Coral Gables’ most desirable locations.
To discover more about this exciting business opportunity or to schedule a showing, please contact us today.
Office: 561.368.0003
Tom Prakas: 561.929.0111 – Tom@prakascompany.com
Chas Prakas 561.400.1058 – Chas@prakascompany.com
Nick Prakas 561.665.1402 – Nick@prakascompany.com
- Size: 2050
- Lease: 10 w (2) Five options
- Year built: 2019
- Infrastructure Included: yes - brand new
- Zoning: restaurant bar use
- Concept Exclusion: can be any concept
- Current Tenants: Formerly TUR Kitchen
- Years in Business: 5
Features
- Floor Plan: A-1-EXTERIOR-SEATING-PLAN-11-07-202217.pdf
- Attachments: TUR-3.pdf
View on map / Neighborhood
This commercial property is located in Coral Gables is currently Restaurants & Bars For Sale and has been listed on Prakas & Co. This property is listed at $ 925,000.00 Price is negotiable - Contact us for details and is listed as .Â
Restaurants & Bars For Sale
$ 925,000.00 Price is negotiable - Contact us for details
Description
Former TUR Kitchen: A Premier Business Opportunity in Coral Gables
Location: 259 Giralda Ave., Coral Gables, FL 33134
This strategically located restaurant and bar is in the bustling heart of Coral Gables. This is a versatile asset sale offering a rare opportunity to acquire a turnkey operation with the flexibility to adapt to any dining concept.
This restaurant space was custom-built from the ground up in 2018 and opened its doors in 2019, just before the COVID-19 pandemic. The next restaurant concept to occupy this location would be only the second user of this practically new infrastructure.
- Size: 2,050 SF under air + wrap around covered patio space
- Rent: $10,775 per month.
- Lease Term Remaining: There are 5 years left on the initial lease term, with two additional 5-year options available.
Sales Figures Under Tur Kitchen:
- 2021 – $2.3 mm
- 2022 – $2.3 mm
- 2023 – $1.7 mm
Key Features:
- Comprehensive Business Sale: Includes a food and full alcohol business license (SFS), all equipment, fixtures, and furniture necessary for immediate operation.
- High Gross Sales: Former Concept (TUR KITCHEN) successfully generated over $1,700,000 in annual sales, demonstrating proven profitability and operational success.
- Lease Terms: Favorable lease conditions with a monthly rent of $10,775 and approximately 5 years available left on the initial term, including two additional 5-year options, ensuring long-term stability.
- Strategic Location: Positioned on the ground floor of a modern mixed-use building, it benefits from heavy pedestrian and vehicular traffic. Neighboring high-profile restaurants and businesses contribute to a vibrant local dining scene.
Operational Advantages:
- Utilities: Efficient management of operational costs with FPL at $2,800 per month and gas at $1,000 per month. Water and waste are conveniently included in CAM charges.
- Parking: One reserved parking spot for the owner or chef, additional free parking available for staff on a first-come, first-served basis, and public parking options nearby.
Neighborhood and Accessibility:
- The restaurant enjoys proximity to Giralda Place Residences and is just blocks north of Miracle Way on Ponce de Leon. The area is a hub for local and visiting patrons alike, drawn by over 150 annual events ranging from parades to culinary showcases.
The former TUR Kitchen space presents an exceptional opportunity to own and grow a culinary enterprise in one of Coral Gables’ most desirable locations.
To discover more about this exciting business opportunity or to schedule a showing, please contact us today.
Office: 561.368.0003
Tom Prakas: 561.929.0111 – Tom@prakascompany.com
Chas Prakas 561.400.1058 – Chas@prakascompany.com
Nick Prakas 561.665.1402 – Nick@prakascompany.com
- Size: 2050
- Lease: 10 w (2) Five options
- Year built: 2019
- Infrastructure Included: yes - brand new
- Zoning: restaurant bar use
- Concept Exclusion: can be any concept
- Current Tenants: Formerly TUR Kitchen
- Years in Business: 5
Features
- Floor Plan: A-1-EXTERIOR-SEATING-PLAN-11-07-202217.pdf
- Attachments: TUR-3.pdf
View on map / Neighborhood
This commercial property is located in Coral Gables is currently Restaurants & Bars For Sale and has been listed on Prakas & Co. This property is listed at $ 925,000.00 Price is negotiable - Contact us for details and is listed as .Â