Business For Sale Listing 155598
Specialty Restaurant
Status as of Nov-30-2008 at 05:59 PM: Active
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.
Categories
Industry
Location
Financials
| Sales: |
Between $1 Million And $2.5 Million ($1,900,001) |
| Profits: |
Between $100 Thousand and $500 Thousand ($291,674) |
| Profit Type: |
Not Disclosed |
| Fiscal Year: |
2007 Owner to Prove |
| Asking Price: |
Between $500 Thousand and $1 Million ($950,000) |
