Homestead City Council meeting as the Community Redevelopment Agency Board approved a business incentive grant to a new business on Krome Avenue.
Sips Coffee Roasters opened its first shop in Miami two years ago on Seventh Avenue. It plans to move its headquarters to Homestead occupying two of the three bays that were formerly the Paramount Dance Studio at 128 N. Krome Avenue.
The business plan submitted requested a $60,000 CRA business incentive grant which Council approved unanimously. The proposal to Council touted South Florida’s only Black-owned coffee roaster business.
Working with their landlord, the applicants plan to convert retail space to a restaurant with estimated buildout costs of $285,000 for the 1700 square feet. Fixture and furniture costs are estimated at $150,000. The buildout is expected to take five to seven months and provide five construction jobs.
The owners negotiated a five year lease for the space with an option to renew.