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BUSINESS FOR SALE - PROFILE #  42480059

Famous sports bar & grill and boutique hotel
Miami Beach

Asking Price: $995,000   Down Payment: $995,000  
Gross Revenue: $2,817,000   Adj. Cash Flow*: $243,846  
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Executive Summary
A real Institution in Miami Beach since 1970! Famous American Bar & Grill, outside Cafe and Boutique Hotel.
Recently renovated. Equipped with all-new big screen TV's for sports, pool tables and conveniently located right on Collins ave and accross the street from nearby beach access. The boutique hotel offers 29 rooms with direct ocean view, Updated with new floors, windows, appliances and furniture, this establishment is a hidden gem, 10 mn by taxi to world famous South Beach. Winner of numerous around town awards including Miami New Times "BEST OF MIAMI".

Acquisition Highlights

  • Conveniently located in the up and coming North Miami Beach area, accross the street from famous beach, hotels, shopping and restaurants. Just 15 minutes away by car from South Beach.
  • The restaurant offers a wide selection of tap and bottled beers, good wine selection, full bar, fresh-made soups, steaks, salads, giant sandwiches, tacos that are bigger than anywhere else, grilled veggies, and excellent seafood, grilled salmon or mahi-mahi. Late menu, music, passes for free parking, indoor and outdoor dining and more...
  • The hotel offers 29 cozy rooms with private bath, about 200sft, queen size bed, RECENTLY RENOVATED. Ocean view. New refrigerator, micro-wave, flatscreen TV with direct TV. Free wi-fi, all flooring. Paint and windows are new as well as all appliances.
  • An american bar and grill since 1970 that has been a North Beach Institution. This is a true local's hangout, cozy and comfortable. Pool tables, darts, flat screen TV's to watch sport games and fights.
  • Financing Information:  available up to 10% to qualified buyer
  • Training Information:  2 weeks
  • This business is not a franchise
Business Synopsis

Asset Information (estimated fair market value)

Established in: 1970 Inventory: $23,000 Included
Employees: 16 Furniture, Fixtures & Equipment: $200,000 Included
Lease/Rent: $35,591 Real Estate:
Building Sq Ft: 13354
    Total Assets Included in Sale: $953,000
 
* Adj. Cash Flow -  Recasting provides an economic view of the company and allows meaningful comparison with other investment opportunities.
Additional business details are available to Principals only. You will be required to document your ability to complete the proposed transaction.  Please use this link to request more INFORMATION which will be sent to the listing office.
DISCLAIMER: All information contained in this document has been provided by the subject company or its agent, and while believed to be correct has not been verified. Accordingly, we makes no representations or warranties as to the accuracy and truthfulness of such information. The recipient hereof acknowledges that we shall not be liable for any loss or injury suffered by said recipient in any way connected to the delivery by us of this document. At all times we are an agent for the seller and not for the buyer unless a specific agreement exists for us to act as the buyer's agent.

FOR MORE INFORMATION:

Contact:  Raquel Afriat
Phone:  (305) 448-5559
Fax:  (305) 675-0136
Other:  (305) 753-4614
E-mail:  raquel@vrmiamicenter.com
VR Business Brokers - Miami/Coral Gables, FL
900 Biscayne Boulevard
Suite 1201
Miami, FL 33132
www.vrmiamicenter.com
The above company and/or agent is a licensed real estate broker/and or a business broker.
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