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Business For Sale

Restaurant & Saloon

PHOENIX, AZ

Food & Beverage: Restaurants, Fast Food, Deli

 
Asking Price:
Annual Revenue:
Net Profit:
Cash Flow:
Total Debt:
$325,000
$309,926
Not Disclosed
$61,985
Not Disclosed
FF&E:
Real Estate:
Year Established:
Employees:
Listing Number:
Not Disclosed
Not Disclosed
1965
12
210625771
Owner Financing is Available!
Seller Is Asking $125,000 As A Down Payment And Will Carry The Balance Of $200,000 Amortized Over 10 Years At 7% Interest Which Would Make The Buyer's Monthly Payment $2322.18 Or Seller Will Cash Out At $275,000.

Business Overview:

The Gross Sales Are Annualized For 2010 Based On The First 7 Months Of 2010. The Gross Sales For 2009 Were $309,976. The Cash Flow Is Based On 20% Of The Gross Sales Which Is An Average Industry Standard For This Type Of Business. well Equipped Kitchen Includes 20 Foot Hood W/ansul System, 10 By 23 Foot Walk-in Cooler, Charbroiler, Flat Top Grill, 6 Burner Gas Stove With oven, Two 2 Hole Deep Fryers, 2 Freezers, Refrigerated Sandwich Prep Table, Pizza Oven, Steam Table, Globe Slicer, Ice Machine, And More. Seller Has Owned Since 1993. The Saloon/restaurant Has Been There For Many Years. Past Entertainers Include Waylan Jennings And Tanya Tucker. It Is A Free Standing Building With An Outside Patio, And Has A Rustic Atmosphere Inside With Seating For 150 plus. Seller Serves Breakfast, Lunch, And Dinner. Hours Vary. Monday-Tuesday 8am-10pm, Wednesday-Saturday 8am-12;30am, Sunday 8am-9pm. Karaoke Is Wednesday-Saturday. Seller Has An Excellent Lease And Lease Terms. A Must See!!!

For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.

Property Features and Assets:

5,700 Square Feet. Rent Is $4,766 A Month. Lease Expires 9/2012 And Two 5 Year Options Are Available. There is a security deposit of $4,000.

Reason for Selling:

Other Interest.

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist 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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