Established Banquet Hall in Cutler Bay, Cutler Bay, FL 33157 — MLS photo

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Established Banquet Hall in Cutler Bay, Cutler Bay, FL 33157

Active · BusinessOpportunity

$499,000

Established Banquet Hall in Cutler Bay, Cutler Bay, FL 33157

Beds
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About this property

Established and highly profitable banquet hall/event venue located in a prime high-traffic area of Cutler Bay. Fully licensed and permitted operation with an outstanding online presence, including 234+ positive Google reviews and strong social media engagement. Current lease rate is $6,190/month, with landlord willing to offer a new lease term of 4 years or longer, plus renewal options at the same rental rate. The shopping center offers ample parking with over 400 parking spaces for guests & events. Sale includes transfer of lease, furniture, fixtures, equipment, inventory, phone numbers, customer database, email accounts, websites, and social media profiles including Google, Facebook, Instagram, and TikTok. Business offers strong existing cash flow with significant upside potential through active management, expanded marketing, and additional event bookings. Excellent opportunity for an owner-operator or investor seeking a turnkey business in a growing market. Financials available upon request with NDA.

Property location

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Established Banquet Hall in Cutler Bay, Cutler Bay, FL 33157

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Facts & features

Interior

Bathrooms
0

Exterior & Structure

Property type
BusinessOpportunity

Parking

Covered spaces
0

HOA, Community & Financials

County
Miami-Dade
Days on market
0
MLS listing ID
A12024086
Listing status
Active

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Estimated monthly cash flow

-$976

Cap rate
3.3%
Net yield
3.3%
Cash-on-cash return
-8.4%
Gross yield
6.6%
Mortgage payment
$2,366/mo
Down payment
$124,750
Loan amount
$374,250
Annual NOI
$16,672

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