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This is a Business Opportunity, there is no real estate involved, the business is for sale along all equipment and lease terms.
Great opportunity to own a profitable Restaurant business in the heart of South of 5th. Featuring a well designed space with detailed finishes including equipment and beer and wine license. Continue the prosperous business or introduce your own concept. This location is very desired, has a lot of potential and amazing traffic.
Location: 2000 Square feet, well equipped restaurant, outdoor seating with access to the Mercury’s hotel swimming pool.
Key Money: $ 550,000 + replacement of Security Deposit of $17,000.00.
Rental Rate: $8,500/Month with 5%/year increase.
Term: Approximately 3.5 years left in the lease plus (a 13 Year option to extend)
Confidentiality Agreement required to receive information or show the property, do not disturb the business.
View South of Fifth in a full screen map
Miami Beach development continues at a fast pace, but while the heart of South Beach is preserved in all of its Art Deco elegance, other distinct areas of interest are evolving that are quite a world apart from the pastel landscape of Ocean Drive.
“SoFi” – the enclave South of Fifth Street – was once considered a bit of a dead zone for tourists, but these days it’s a vibrant destination in it’s own right. Some locals who have discovered SoFi actually gave up their landlocked houses to purchase condos in the clouds along Government Cut, and there are multi-million dollar high rises all along the southern shore of Miami Beach that are first- and second-homes for wealthy businesspeople and more than a few big-name celebrities.
If you are unfamiliar with the area and want to explore the southernmost part of the city, book a room at the Bentley Beach Resort on the Ocean, the less expensive Collins Avenue boutique hotel St. Augustine or the hipster hideout Mercury Suites.
Right on Ocean Drive, the Century Hotel offers a restored Art Deco low-rise option for budget travelers too. Some folks prefer to splurge on their hotel room, others keep their cash on hand for gourmet dining or a grand shopping spree. The southern tip of South Beach makes both options possible.
Once you have picked a room, head out for a great big breakfast at Big Pink, a high energy, family-style restaurant with portions large enough to share and prices that will not break the bank. Opened early and also quite late, Big Pink is a popular option for locals and visitors who follow the crowds to this busy corner. Just down the street, Starbucks has opened in the ground floor of the Marriott South Beach on Ocean Drive. If you’d rather grab a joe and go – this is the place to start your day.