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Business For Sale
RESTAURANT & BAR
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Asking Price: |
$295,000
USD USA Dollars
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Business for Sale Industry: |
Food & Beverage: Restaurants, Fast Food, Deli
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Reason for Selling:
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Other business interests |
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Year Established:
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2006 |
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# of Employees:
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4 Full Time / 15 Part Time |
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Yearly Revenues:
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$493,000 |
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Yearly Net Profit:
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$75,000 |
Business for Sale Overview:
LOCATION: This totally unique, one-of-a-kind operation is located in a high-visibility A plus location. Virtually on ASU campus with unlimited access to over 60,000 students and over 12,000 faulty/staff members attending classes on a daily basis. This freestanding restaurant has one of the biggest, best, and well known outside patio bars. Both front and back patios are available for smoking and liquor service. The interior was completely remodeled in spring of 2007. Located in the Mill Avenue District of Downtown Tempe, this established restaurant and bar receives additional business from the scores of downtown Tempe events. The lease is well below market for the area and comes with a “right of first refusal” on the real estate. This is an amazing turnkey opportunity for an established, existing restaurant/bar, or use the lease and location to create your own concept.
Property Features and Assets:
2,313 Square Feet indoor/4,100 Square Feet patio, 48 indoor/175 outdoor seating, rent $5,386 plus NNN, expires 7/31/2017.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- The owner is not willing to work for the new owner.
- This is not a homebased business opportunity.
- This may become a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
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