000 South Miami

    Miami, FL 33143
    • $800,000
    • STATUS: Closed
    • ON SITE: 117 days
    • MLS #: A10628922
    Sold - 05/16/2019
    $800,000
    SOLD - 05/16/2019
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    40
    Type:
    Business Opportunity
    Built:
    1947
    County:
    Area:
    40

    School Ratings & Info

    Description

    Attention investors: Immaculate new wood oven pizza/Italian concept, serious candidate for franchising. Opened quietly March 2017. 80 seats inside + 80 seats outside, beautiful patio. Did close to 600K the 1st partial year, then $1.4M in 2018. Already selling $7k A WEEK through UBER EATS only! Great location in high end neighborhood, excellent lease in place. Restaurant people: rent 12%, COGS 25%, labor cost from 26% (2018) to 21% (2019), overheads 5% you know how much this place nets. Immense potential to develop. Seller may negotiate a longer training period for smooth transition. With similar numbers, and recent payroll reorganization, profit should jump to close to 400K this year. May qualify for E2 visa.

    Monthly Payment Calculator



    Copyright 2019, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2019, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2019-06-25T23:42:37.333.
    www.groveproperties.com/homes/92229750

    000 South Miami Miami, FL 33143

    • Price: $800,000
    • Status: Closed
    • MLS #: A10628922
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1947
    Built
    Neighborhood:
    40
    County:
    Miami-Dade
    Area:
    40
    Property Description
    Attention investors: Immaculate new wood oven pizza/Italian concept, serious candidate for franchising. Opened quietly March 2017. 80 seats inside + 80 seats outside, beautiful patio. Did close to 600K the 1st partial year, then $1.4M in 2018. Already selling $7k A WEEK through UBER EATS only! Great location in high end neighborhood, excellent lease in place. Restaurant people: rent 12%, COGS 25%, labor cost from 26% (2018) to 21% (2019), overheads 5% you know how much this place nets. Immense potential to develop. Seller may negotiate a longer training period for smooth transition. With similar numbers, and recent payroll reorganization, profit should jump to close to 400K this year. May qualify for E2 visa.
    Exterior Features

    Construction Type Cbs Construction Num Parking Spaces 0 Parking Description Street Parking Road Type Description Four Lane

    Interior Features

    Cooling Description Central Individual A/C Floor Description Concrete Floors Heating Description Central Individual A/C Sq Ft Total 5200

    Property Features

    Approximate Lot Size 10000 Electric Service 101-200 Amps Information Available Contracts Insurance Expense 0 Intended Use Unknown/Withheld Lease Term Remaining 11 Years Or More Location Of Property City Location Ownership Limited Partnership Sale Includes Incl EquipmentFurniture/FixturesLeases Sale Includes Sale Business Only Sale Terms Cash Section 0 Short Sale Yn No Style Of Business Restaurant Terms Considered All Cash Water Description Public Water

    Listing courtesy of Grand Realty Of America, Corp..


    Copyright 2019, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2019, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2019-06-25T23:42:37.333.
     
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    Coconut Grove FL, 33133