Seller's Contact Information
- RE: $400,000 NET Absentee-Run Westgate Restaurant/Bar
- Contact: Mike Darmo
Quick Facts
| Asking Price: | $1,000,000 | |
| Annual Revenue: | $1,800,000 | |
| Net Profit: | $400,000 | |
| Cash Flow: | Not Disclosed | |
| Total Debt: | Not Disclosed | |
| FF&E: | $350,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2015 | |
| Employees: | Not Disclosed | |
| BBN Listing #: | 235659836 | |
| Broker Reference #: | Not Disclosed |
Business Overview:
Hurry up this will go quick especially since it is absentee-run. This restaurant which has been at the same location for over 9 years sits right next to a busy movie theater in a 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 oversees the operation and the new owner should have no problem doing the same. The buildout costed over $2,000,000. You have the Final Four and the Fiesta Bowl and the Cardinals Season and Concerts in the Arena within walking distance. The Seller is motivated. The lease is amazing for being priced so well for the location and long-term with 20 years remaining at only $15,000 with all CAMS included for a total of 6000 sq.ft. which is way below the market and as the Seller states the best lease in the whole complex. This Restaurant/Bar has a full bar and a lots of TV'S and seating a wrap-around patio that is 2000 sq.ft and seats 300 people outside. Seller Financing Terms!!!
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Property Features and Assets:
6,000 square feet total space with 2,000 square feet patio.
Market Competition and Expansion:
Tons of room for growth especially with the recent remodel and expansion of the patio.
Reason for Selling:
Retiring
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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