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Business For Sale
CLOSED RESTAURANT FOR SALE
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Asking Price: |
$700,000
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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Owner wishes to use investmt for other purposes |
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Year Established:
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1988 |
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# of Employees:
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N/A |
Business for Sale Overview:
Closed restaurant in central Arizona at major highway interchange. Almost fully equipped. Sale includes 2.67 acres of land, 3,560 square feet restaurant, all equipment, and a manufactured home on site. Has plenty of parking, patio, full kitchen and bar/lounge. Change in highway exit should prompt growth in land values and business opportunity. Previous restaurant operator was on $4000.00 per month NNN lease. Good property for investor or operator.
Property Features and Assets:
3,560 square feet restaurant on 2.67 acres of land adjacent to the Cordes Junction interchange for I-10 and State Highway 69. Very high traffic. Has historically been more of a locals restaurant than a highway restaurant. Changes in highway exit could bring very positive changes to business and real estate value.
Market Competition and Expansion:
Most other restaurants in the area are fast food and do not have alcoholic beverage service. Under previous management, this restaurant had good volume. Just about the only full service restaurant in the area. Highway interchange upgrades slated for the future should dramatically increase land value and growth potential.
Additional Details:
- The property is owned.
- 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 is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
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