- Restaurants For Sale
Description
Prime Location in Riverside, Miami
Asking Price: $395,000
This is a unique sale of a well-known pizzeria Italian restaurant located in the heart of Riverside, Miami. The new owner has the flexibility to transform the space into any cuisine or concept. The well-established name of this business and restaurant, with high accolades, can be part of the deal as an added value.
Key Features:
- Total Space: 2,400 SF +/- with an outdoor patio
- Type of Sale: Asset Stock purchase of an LLC
- Strong Sales Volume: Estimated between $2 million and $3 million annually
Lease Details:
- Lease Term: 9 years remaining (2023–2033) with no extension options
- Base Rent: $27,500 per month with subsequent 4% annual increases
- Percentage Rent: Greater of Base Rent or 7% of in-house food and beverage sales and 3.5% of delivery sales
- Security Deposit: $50,000
Financial Highlights:
- No EBITDA ownership compensation reported
Additional Information:
For full details and to schedule a viewing, prospective buyers must sign a Non-Disclosure Agreement (NDA). Information will only be provided to qualified groups.
Contact Information:
For more information, please contact our office:
- Phone: 561.368.0003
- Email:
- Size: 2400
- Lease: 9
- Infrastructure Included: yes
- Zoning: Restaurant / Cafe
- Current Tenants: Italian
- Years in Business: Many
Features
- Attachments: Prakas-Co.-CA.pdf
View on map / Neighborhood
This commercial property is located in Miami is currently Restaurants & Bars For Sale and has been listed on Prakas & Co. This property is listed at $ 395,000.00 and is listed as .
REQUEST MORE INFORMATION
Restaurants & Bars For Sale
$ 395,000.00
Description
Prime Location in Riverside, Miami
Asking Price: $395,000
This is a unique sale of a well-known pizzeria Italian restaurant located in the heart of Riverside, Miami. The new owner has the flexibility to transform the space into any cuisine or concept. The well-established name of this business and restaurant, with high accolades, can be part of the deal as an added value.
Key Features:
- Total Space: 2,400 SF +/- with an outdoor patio
- Type of Sale: Asset Stock purchase of an LLC
- Strong Sales Volume: Estimated between $2 million and $3 million annually
Lease Details:
- Lease Term: 9 years remaining (2023–2033) with no extension options
- Base Rent: $27,500 per month with subsequent 4% annual increases
- Percentage Rent: Greater of Base Rent or 7% of in-house food and beverage sales and 3.5% of delivery sales
- Security Deposit: $50,000
Financial Highlights:
- No EBITDA ownership compensation reported
Additional Information:
For full details and to schedule a viewing, prospective buyers must sign a Non-Disclosure Agreement (NDA). Information will only be provided to qualified groups.
Contact Information:
For more information, please contact our office:
- Phone: 561.368.0003
- Email:
- Size: 2400
- Lease: 9
- Infrastructure Included: yes
- Zoning: Restaurant / Cafe
- Current Tenants: Italian
- Years in Business: Many
Features
- Attachments: Prakas-Co.-CA.pdf
View on map / Neighborhood
This commercial property is located in Miami is currently Restaurants & Bars For Sale and has been listed on Prakas & Co. This property is listed at $ 395,000.00 and is listed as .