Reason for Sale: Retirement: Extremely Profitable Sports Bar/Restaurant Franchise in SW Miami-Dade- Established since 2013 & built out for $900,000+. The franchise restaurant has a 4 COP SRX liquor License that can be transferred to the new owner. 2023 Sales exceeded $1.9 million, with an owner benefit of $287K +. Great books & records. All employees on W2. Visa are qualified. Currently, the restaurant has 200 seats inside & 24 outside patio seats with 18 flat-screen TV's for 4,400 sq ft. Royalty is 5% & 2% advertising fee. Training can be done locally at the business. Franchise transfer fee: $15,000. A new owner would need to replace current owner as an owner operator. lease extends to 2038.
- Asking Price:
- $1,100,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $1,947,133
- Cash Flow:
- $287,700
Property Information
- Real Estate:
-
Lease
- Premises Details:
-
Rent $14,115- Lease expires 9/23 -4,400 sq ft- Three- 5 yr. options.
Business Operation
- Reasons for selling:
-
Retirement.
- Trading hours:
-
Sun-Thurs 12pm-12am; Fri-Sat 12pm-2am
- Employees:
- 20 FT
- Years established:
- 10
Franchise Information
- Franchise opportunity:
-
Franchise Resale
Other Information
- Support & training:
-
Will train for 4 weeks @ $0 cost.
- Financing available:
-
Lender pre-screened with $110K down.
- Furniture / Fixtures value:
- $74,000 - included in the asking price
- Inventory / Stock value:
- $17,400 - included in the asking price
