Well Established Operating Pizzeria Italian Restaurant – New Miami Listing

Well Established Operating Pizzeria Italian Restaurant – New Miami Listing

Well Established Operating Pizzeria Italian Restaurant – New Miami Listing 1318 705 Prakas & Co
  • Restaurants For Sale

Description

Prime Location in Riverside, Miami

Asking Price: $975,000

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:

  • Size: 2400
  • Lease: 9
  • Infrastructure Included: yes
  • Zoning: Restaurant / Cafe
  • Current Tenants: Italian
  • Years in Business: Many

Features

View on map / Neighborhood

This commercial property is located in Miami is currently and has been listed on Prakas & Co. This property is listed at $ 975,000.00 and is listed as . 

Riverside, Miami, FL, USA

Description

Prime Location in Riverside, Miami

Asking Price: $975,000

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:

  • Size: 2400
  • Lease: 9
  • Infrastructure Included: yes
  • Zoning: Restaurant / Cafe
  • Current Tenants: Italian
  • Years in Business: Many

Features

View on map / Neighborhood

This commercial property is located in Miami is currently and has been listed on Prakas & Co. This property is listed at $ 975,000.00 and is listed as . 

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