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- RE: $300,000 NET #6 Bar & Restaurant In Westgate!!!
- Contact: Mike Darmo
Quick Facts
| Asking Price: | $600,000 | |
| Annual Revenue: | $1,800,000 | |
| Net Profit: | $300,000 | |
| Cash Flow: | Not Disclosed | |
| Total Debt: | Not Disclosed | |
| FF&E: | $150,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | Not Disclosed | |
| Employees: | 27 | |
| BBN Listing #: | 991710 | |
| Broker Reference #: | Not Disclosed |
Business Overview:
Hurry up this will go quick especially since it is absentee-run. This bar sits right in the heart of the Westgate Entertainment District which is very busy part of the West Valley near the Cardinals Stadium and Casino and the soon to open new large amusement park and resort and has tons of traffic as it has perfect placement in the heart of Westgate. The owner has a GM and 2 other managers that oversee the operations and the new owner should have no problem doing the same. The buildout costed over $1,000,000. You have the Cardinals Season and Concerts in the Arena within walking distance. The restaurant offers a unique cuisine and also boasts a wide selection of food and drinks as well. The lease is amazing for being priced so well for the location and long-term with 7 years remaining for a total of 5370 sq.ft. This business has a full bar and a lots of TV'S and seating a wrap-around bar in center and seats for a lot of people inside. It has been recently renovated and has a large 5370 sq.ft interior with a large kitchen and bar. This is truly turn-key and this is the prime time to buy as the busy season is just beginning. All the numbers are provable through the point of sale system during the due diligence period, also the financials will be provided after an NDA is signed. Seller is offering great seller financing terms with $500,000 down and $100,000 over 3 years at 7% with the first payment starting 6 months after close of escrow. This will go quick as all true perfect location bars with a #6 license and with the great price and with no other spaces available in Westgate. >>
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Property Features and Assets:
5370 Sq.ft. suite in the Heart of Westgate
Reason for Selling:
Kindly ask the seller for more information.Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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