Latin Cafeteria for Sale West Flagler, Miami, FL 33144 — MLS photo

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Latin Cafeteria for Sale West Flagler, Miami, FL 33144

Active · Business

$189,000

Latin Cafeteria for Sale West Flagler, Miami, FL 33144

Beds
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Baths
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Living area
— sq ft
$ / sq ft
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Lot size
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HOA fee
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About this property

A unique opportunity to acquire a prestigious Latin American restaurant located on the iconic West Flagler Street in Miami. With more than 14 years of operation, the business has a strong local customer base and consistent sales, generating more than $670,000 in annual revenue and more than $127,000 in seller discretionary benefits (SDE). The restaurant operates out of a 1,860-square-foot space in a popular shopping mall and features both outdoor and indoor seating, shortcut cold room, freezer, and a large 16-foot commercial range hood in its fully equipped kitchen. All licenses are active, including the one for the sale of beer and wine. The facilities comply with all regulations. This is a really turnkey operation in which the salesperson offers a month of training while all employees would be willing to stay in their positions. The investment would allow the buyer to opt for the visa to the U.S.

Property location

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Latin Cafeteria for Sale West Flagler, Miami, FL 33144

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Facts & features

Interior

Bathrooms
0

Exterior & Structure

Property type
Business

Parking

Covered spaces
0
Parking features
Common, Free Parking

HOA, Community & Financials

County
Miami-Dade
Days on market
0
MLS listing ID
A11998919
Listing status
Active

Investment intelligence

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Estimated monthly cash flow

-$369

Cap rate
3.3%
Net yield
3.3%
Cash-on-cash return
-8.4%
Gross yield
6.6%
Mortgage payment
$896/mo
Down payment
$47,250
Loan amount
$141,750
Annual NOI
$6,318

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.