{
  "name": "Miami Restaurant Profit Margin Benchmarks",
  "description": "Gross margin, net margin, cost-share, labor, and market-size benchmarks for independent restaurants in Miami, Florida. Ranges are planning benchmarks for owner-operated businesses, not forecasts.",
  "version": "2026 city benchmark edition",
  "city": "Miami",
  "state": "Florida",
  "industry": "Restaurant",
  "reviewStatus": "screening",
  "coverage": "Independent restaurant operators in Miami, Florida; national chains, franchise groups, and multi-unit operators excluded unless noted",
  "dataCompiledAt": "2026-06-22",
  "sourcesVerifiedAt": "2026-09-27",
  "license": "https://creativecommons.org/licenses/by/4.0/",
  "sourcePage": "https://hustlefin.com/benchmarks/restaurant/city/miami/",
  "citation": "HustleFin (2026). Miami Restaurant Profit Margin Benchmarks. Retrieved from https://hustlefin.com/benchmarks/restaurant/city/miami/",
  "metrics": [
    {
      "key": "gross_margin_pct",
      "label": "Gross margin",
      "unit": "percent",
      "low": 58,
      "average": 65,
      "high": 70
    },
    {
      "key": "net_margin_pct",
      "label": "Net margin",
      "unit": "percent",
      "low": 1,
      "average": 4,
      "high": 6
    },
    {
      "key": "labor_cost_pct",
      "label": "Labor cost (% of revenue)",
      "unit": "percent",
      "low": 28,
      "average": 34,
      "high": 38
    },
    {
      "key": "rent_cost_pct",
      "label": "Rent (% of revenue)",
      "unit": "percent",
      "low": 6,
      "average": 10,
      "high": 15
    },
    {
      "key": "typical_revenue",
      "label": "Typical revenue",
      "unit": "text",
      "value": "$350,000 – $3,000,000/year for independent Miami restaurants"
    }
  ],
  "labor": {
    "minimumWage": "$14.00/hr ($15.00 from 9/30/2026)",
    "stateMinimumWage": "$14.00/hr (Florida, $15.00 from 9/30/2026)",
    "tippedWage": "$10.98/hr + tips",
    "note": "Miami-Dade County follows state minimum. No local wage above state. Tipped minimum increases with state minimum — will be ~$11.98/hr when base reaches $15.00."
  },
  "market": [
    {
      "label": "Estimated restaurants",
      "value": 5800
    },
    {
      "label": "Commercial rent range",
      "value": "$35–45/sqft (South Beach/Wynwood), $22–30/sqft (suburban)"
    },
    {
      "label": "Sales tax on food",
      "value": "7% (6% state + 1% county) + 1–2% tourist surtax in designated zones"
    },
    {
      "label": "Special fees",
      "value": "Tourist development surtax 1–2%; hurricane insurance $8K–$25K/yr"
    }
  ],
  "sources": [
    {
      "label": "U.S. Census Bureau — County Business Patterns",
      "url": "https://www.census.gov/programs-surveys/cbp.html",
      "note": "Establishment counts and payroll by industry and geography. Source of the estimated business counts on this page."
    },
    {
      "label": "Florida Department of Revenue",
      "url": "https://floridarevenue.com/",
      "note": "State sales tax and discretionary surtax administration."
    },
    {
      "label": "BLS OEWS — Miami-Fort Lauderdale-Pompano Beach, FL",
      "url": "https://www.bls.gov/oes/current/oes_33100.htm",
      "note": "Metropolitan-area occupational wage estimates from the BLS OEWS program."
    },
    {
      "label": "FEMA Flood Map Service Center",
      "url": "https://msc.fema.gov/portal/home",
      "note": "Official flood zone determinations used for coastal insurance-cost context."
    },
    {
      "label": "National Restaurant Association — Research",
      "url": "https://restaurant.org/research-and-media/research/",
      "note": "Industry operations data and cost-structure research for US restaurants."
    },
    {
      "label": "City of Miami",
      "url": "https://www.miamigov.com/",
      "note": "City business licensing and local requirements (Miami-Dade)."
    }
  ]
}