Modern Industrial Bar and Restaura
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1 Modern Industrial Bar and Restaura Presented by Restaurant Sales Group
2 Confidentiality Agreement David Walis m (305) License: Broker Restaurant Sales Group 14 NE First Avenue. # 226 Miami, FL Notes
3 Property Details Modern Industrial Bar and Restaurant in Coral Gables. Think Hillstone but more modern! Newly Built. 6,000 Square Feet. 20 Year lease. Has a lively bar scene and an impressive menu. 211 Seats Total. 122 Seats inside. 40 Seats at Bar. 54 Seats in comfortable outside covered terrace lounge area that is perfect for Happy Hour or Brunch. Full liquor license on premises is included in the sale (4COP License, $175K is current market value). Beautifully built kitchen can pump out high volume and high quality food. Parking lot in same building. If you are looking to open your Resto-Bar in Coral Gables this is a must see. Great opportunity to purchase a new, fully built, fully licensed and permitted, 2nd generation restaurant for one fourth of the cost to build from scratch. Smart restaurant operators always buy 2nd generation! For more information contact Dave Walis restaurantsalesteam@gmail.com Price: $600,000 View the full listing here: Price: $600,000 Building Size: 6,000 SF Price/SF: $100 Property Type: Retail Property Sub-type: Restaurant Property Use Type: Business For Sale Commission Split: 10% Occupancy: 0% Lot Size: 6,000 SF Modern Industrial Bar and Restaurant in Coral Gabl
4 Location Location Description Special Features Modern Industrial Bar and Restaurant in Coral Gables Think Hillstone but more modern! Newly Built. 6,000 Square Feet 211 Seats Total 122 Seats Inside 40 Seats at Bar 54 Seats Outside Covered Lounge Terrace Area perfect for Happy Hour and Brunch. Rent is: $25K All In 20 Year Lease Full Liquor License on Premises (4COP) included in Sale. Fully Equipped Chefs Kitchen built for High Volume and Quality Food Great Menu Opens from 11AM to 2AM Parking lot in same building. Plenty of Parking Smart operators always buy 2nd generation restaurants at a fraction of the cost to build from scratch.
5 Property Photos Modern Industrial Bar and Restaurant in Coral Gables for Sale Think Hillstone but more modern!
6 Property Photos 6,000 Square Feet. 20 Year Lease 211 Seats Total
7 Property Photos Full Liquor License on Premises (4COP) included in Sale 122 Seats Inside plus 40 Seats at Bar
8 Property Photos Opens from 11AM to 2AM 54 Seats Outside Covered Lounge Terrace Area perfect for Happy Hour and Brunch.
9 Property Photos Smart operators always buy 2nd generation restaurants at a fraction of the cost to build from scratc
10 Market Trends Jun 16 vs. 3 mo. prior Y-O-Y State $ % +5.5% Metro $ % +3.3% County $ % +4.4% Jun 16 vs. 3 mo. prior Y-O-Y State $ % +2.0% Metro $ % +2.0% County $ % +4.4% City $ % +8.2%
11 Demographics Population 1-mi. 3-mi. 5-mi Male Population 14, , , Female Population 16, , ,139 % 2015 Male Population 46.68% 48.44% 49.53% % 2015 Female Population 53.32% 51.56% 50.47% 2015 Total Population: Adult 27, , , Total Daytime Population 51, , , Total Employees 36, , , Total Population: Median Age Total Population: Adult Median Age Total population: Under 5 years 1,574 12,738 27, Total population: 5 to 9 years 1,326 11,434 23, Total population: 10 to 14 years 1,162 10,641 22, Total population: 15 to 19 years 1,190 13,520 25, Total population: 20 to 24 years 1,952 18,230 38, Total population: 25 to 29 years 2,687 17,008 41, Total population: 30 to 34 years 2,630 16,343 37, Total population: 35 to 39 years 2,508 16,585 35, Total population: 40 to 44 years 2,353 18,439 37, Total population: 45 to 49 years 2,415 19,071 37, Total population: 50 to 54 years 2,381 18,830 37, Total population: 55 to 59 years 1,958 15,904 31,892
12 Demographics Population (Cont.) 1-mi. 3-mi. 5-mi Total population: 60 to 64 years 1,691 14,570 27, Total population: 65 to 69 years 1,474 13,176 25, Total population: 70 to 74 years 1,241 11,577 21, Total population: 75 to 79 years 1,084 9,901 17, Total population: 80 to 84 years 956 8,410 14, Total population: 85 years and over 1,178 9,202 15,503 % 2015 Total population: Under 5 years 4.96% 4.98% 5.34% % 2015 Total population: 5 to 9 years 4.18% 4.47% 4.60% % 2015 Total population: 10 to 14 years 3.66% 4.16% 4.24% % 2015 Total population: 15 to 19 years 3.75% 5.29% 4.96% % 2015 Total population: 20 to 24 years 6.15% 7.13% 7.41% % 2015 Total population: 25 to 29 years 8.46% 6.65% 7.97% % 2015 Total population: 30 to 34 years 8.28% 6.39% 7.29% % 2015 Total population: 35 to 39 years 7.90% 6.49% 6.81% % 2015 Total population: 40 to 44 years 7.41% 7.21% 7.21% % 2015 Total population: 45 to 49 years 7.60% 7.46% 7.30% % 2015 Total population: 50 to 54 years 7.50% 7.37% 7.28% % 2015 Total population: 55 to 59 years 6.16% 6.22% 6.14% % 2015 Total population: 60 to 64 years 5.32% 5.70% 5.38% % 2015 Total population: 65 to 69 years 4.64% 5.16% 4.82% % 2015 Total population: 70 to 74 years 3.91% 4.53% 4.12%
13 Demographics Population (Cont.) 1-mi. 3-mi. 5-mi. % 2015 Total population: 75 to 79 years 3.41% 3.87% 3.38% % 2015 Total population: 80 to 84 years 3.01% 3.29% 2.78% % 2015 Total population: 85 years and over 3.71% 3.60% 2.98% 2015 White alone 29, , , Black or African American alone 686 9,669 46, American Indian and Alaska Native alone , Asian alone 558 2,887 6, Native Hawaiian and OPI alone Some Other Race alone 783 7,253 18, Two or More Races alone 674 5,513 12, Hispanic 24, , , Not Hispanic 7,628 47, ,955 % 2015 White alone 91.35% 89.92% 83.68% % 2015 Black or African American alone 2.16% 3.78% 8.93% % 2015 American Indian and Alaska Native alone 0.13% 0.15% 0.25% % 2015 Asian alone 1.76% 1.13% 1.23% % 2015 Native Hawaiian and OPI alone 0.02% 0.02% 0.02% % 2015 Some Other Race alone 2.47% 2.84% 3.47% % 2015 Two or More Races alone 2.12% 2.16% 2.42% % 2015 Hispanic 75.98% 81.41% 76.90% % 2015 Not Hispanic 24.02% 18.59% 23.10%
14 Demographics Population (Cont.) 1-mi. 3-mi. 5-mi Not Hispanic: White alone 6,815 41,582 76, Not Hispanic: Black or African American alone 149 6,204 37, Not Hispanic: American Indian and Alaska Native alone Not Hispanic: Asian alone 254 1,605 3, Not Hispanic: Native Hawaiian and OPI alone Not Hispanic: Some Other Race alone Not Hispanic: Two or More Races ,291 % 2015 Not Hispanic: White alone 26.93% 18.16% 17.15% % 2015 Not Hispanic: Black or African American alone 0.59% 2.71% 8.33% % 2015 Not Hispanic: American Indian and Alaska Native alone 0.04% 0.05% 0.07% % 2015 Not Hispanic: Asian alone 1.00% 0.70% 0.72% % 2015 Not Hispanic: Native Hawaiian and OPI alone 0.01% 0.01% 0.02% % 2015 Not Hispanic: Some Other Race alone 0.09% 0.07% 0.09% % 2015 Not Hispanic: Two or More Races 0.50% 0.42% 0.51% Population Change 1-mi. 3-mi. 5-mi. Total: Employees (NAICS) n/a n/a n/a Total: Establishements (NAICS) n/a n/a n/a
15 Demographics Population Change (Cont.) 1-mi. 3-mi. 5-mi Total Population 31, , , Households 13,789 92, ,113 Population Change ,399 11,869 30,617 Household Change ,059 5,373 % Population Change % 4.87% 6.26% % Household Change % 1.16% 2.89% Population Change ,457 26,654 73,202 Household Change ,072 7,535 27,800 % Population Change 2000 to % 11.64% 16.41% % Household Change 2000 to % 8.86% 17.02% Housing 1-mi. 3-mi. 5-mi Housing Units 12,461 89, , Occupied Housing Units 11,717 85, , Owner Occupied Housing Units 4,874 41,022 73, Renter Occupied Housing Units 6,843 44,008 90, Vacant Housings Units 744 4,706 12,439 % 2015 Occupied Housing Units 94.03% 94.76% 92.92%
16 Demographics Housing (Cont.) 1-mi. 3-mi. 5-mi. % 2015 Owner occupied housing units 41.60% 48.24% 44.75% % 2015 Renter occupied housing units 58.40% 51.76% 55.25% % 2000 Vacant housing units 5.97% 5.24% 7.08% Income 1-mi. 3-mi. 5-mi Household Income: Median $44,449 $35,582 $35, Household Income: Average $71,777 $62,809 $62, Per Capita Income $31,295 $23,282 $23, Household income: Less than $10,000 1,462 11,501 27, Household income: $10,000 to $14, ,761 15, Household income: $15,000 to $19, ,185 15, Household income: $20,000 to $24, ,606 13, Household income: $25,000 to $29, ,828 11, Household income: $30,000 to $34, ,886 10, Household income: $35,000 to $39, ,418 8, Household income: $40,000 to $44, ,530 9, Household income: $45,000 to $49, ,455 6, Household income: $50,000 to $59, ,668 12, Household income: $60,000 to $74,999 1,237 6,782 14, Household income: $75,000 to $99,999 1,142 6,480 14, Household income: $100,000 to $124, ,883 9, Household income: $125,000 to $149, ,482 5, Household income: $150,000 to $199, ,247 6,843
17 Demographics Income (Cont.) 1-mi. 3-mi. 5-mi Household income: $200,000 or more 803 4,852 9,639 % 2015 Household income: Less than $10, % 12.42% 14.35% % 2015 Household income: $10,000 to $14, % 8.38% 8.01% % 2015 Household income: $15,000 to $19, % 8.84% 8.17% % 2015 Household income: $20,000 to $24, % 7.14% 7.17% % 2015 Household income: $25,000 to $29, % 6.30% 5.99% % 2015 Household income: $30,000 to $34, % 6.36% 5.70% % 2015 Household income: $35,000 to $39, % 4.77% 4.66% % 2015 Household income: $40,000 to $44, % 4.89% 4.77% % 2015 Household income: $45,000 to $49, % 3.73% 3.51% % 2015 Household income: $50,000 to $59, % 6.12% 6.41% % 2015 Household income: $60,000 to $74, % 7.33% 7.36% % 2015 Household income: $75,000 to $99, % 7.00% 7.43% % 2015 Household income: $100,000 to $124, % 5.28% 5.07% % 2015 Household income: $125,000 to $149, % 2.68% 2.78% % 2015 Household income: $150,000 to $199, % 3.51% 3.58% % 2015 Household income: $200,000 or more 5.82% 5.24% 5.04% Retail Sales Volume 1-mi. 3-mi. 5-mi Childrens/Infants clothing stores $3,839,445 $24,988,658 $51,637, Jewelry stores $1,348,524 $8,627,601 $17,930, Mens clothing stores $4,409,234 $28,584,909 $59,091, Shoe stores $4,531,093 $29,498,207 $60,770,330
18 Demographics Retail Sales Volume (Cont.) 1-mi. 3-mi. 5-mi Womens clothing stores $7,329,583 $47,812,858 $98,221, Automobile dealers $55,619,143 $358,469,470 $737,566, Automotive parts and accessories stores $10,838,591 $70,738,227 $145,343, Other motor vehicle dealers $1,422,980 $9,548,284 $19,623, Tire dealers $4,840,347 $31,613,765 $64,960, Hardware stores $217,049 $1,384,002 $2,841, Home centers $2,165,842 $14,087,038 $28,740, Nursery and garden centers $2,644,873 $17,398,466 $35,213, Outdoor power equipment stores $1,200,852 $7,851,148 $15,911, Paint andwallpaper stores $251,283 $1,629,378 $3,347, Appliance, television, and other electronics stores $7,394,529 $47,850,614 $98,350, Camera andphotographic supplies stores $562,131 $3,541,982 $7,338, Computer andsoftware stores $20,471,699 $134,012,003 $276,308, Beer, wine, and liquor stores $3,646,241 $23,696,653 $48,857, Convenience stores $16,769,834 $108,878,242 $225,177, Restaurant Expenditures $15,116,075 $98,367,124 $202,101, Supermarkets and other grocery (except convenience) stores $59,652,403 $393,825,340 $809,304, Furniture stores $5,401,206 $34,810,627 $71,770, Home furnishings stores $18,218,285 $119,350,125 $244,577, General merchandise stores $97,126,882 $633,873,375 $1,298,668, Gasoline stations with convenience stores $50,838,372 $331,835,297 $684,009,761
19 Demographics Retail Sales Volume (Cont.) 1-mi. 3-mi. 5-mi Other gasoline stations $36,106,007 $236,330,929 $486,385, Department stores (excl leased depts) $95,778,358 $625,245,774 $1,280,738, General merchandise stores $97,126,882 $633,873,375 $1,298,668, Other health and personal care stores $3,755,322 $24,387,777 $50,029, Pharmacies and drug stores $14,941,008 $98,767,616 $201,844, Pet and pet supplies stores $3,908,548 $25,559,385 $52,603, Book, periodical, and music stores $601,023 $3,875,634 $7,970, Hobby, toy, and game stores $1,740,112 $11,313,036 $23,442, Musical instrument and supplies stores $177,778 $1,113,913 $2,317, Sewing, needlework, and piece goods stores $316,375 $2,054,293 $4,222, Sporting goods stores $1,708,465 $10,837,671 $22,405,727
20 Broker Profile m (305) License: Broker Restaurant Sales Group 990 Biscayne Boulevard # 503 Miami, FL David Walis We are laser focused!we sell food & beverage businesses exclusively.we are experts and specialists in a highly targeted area of business sales that includes; restaurants, bars, nightclubs, commercial kitchens, catering facilities, liquor stores, food trucks, and food & beverage manufacturing businesses.we are known by many as the Restaurateur s Secret Weapon because of our role in helping entrepreneurs to maximize their investment when buying and selling a restaurant.buyer s contact us to find an established restaurant, already built, in a desirable location. They save money and time by purchasing a second generation restaurant, rather than building from scratch.seller s contact us when they are ready to sell. We get them the most money out of their valuable restaurant business in the fastest amount of time.our mission is to provide value added service and information with impeccable integrity.we would appreciate the opportunity to speak with you personally on the essentials of selling or buying a restaurant, valuing a restaurant, or the local restaurant market in general. Feel free to give us a call anytime. Let us know what you are trying to accomplish!sincerely:dave WalisManaging PartnerThe Restaurant Sales Group. Inc.Tel # Current Occupation: Organizations/Associations: Managing Partner Restaurant Sales Group SIOR, National Association of REALTORS, LoopNet, Inc., Schenk Company, NAI/CIR
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