$650,000 NET Absentee-Run Westgate Bar W/ #6

Glendale, AZ Maricopa County

Asking Price: $2,000,000

Annual Revenue: $2,750,000

Food & Beverage: Bars, Clubs, Nightspots

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RE: $650,000 NET Absentee-Run Westgate Bar W/ #6
Contact: Mike Darmo

Owner Financing is Available!

$600,000 down and $1,400,000 balance amortized over 20 years at 8% with a 5 year balloon

Quick Facts

	Asking Price:	$2,000,000
	Annual Revenue:	$2,750,000
	Net Profit:	$650,000
	Cash Flow:	Not Disclosed
	Total Debt:	Not Disclosed
	FF&E:	$200,000
	Real Estate:	Not Disclosed
	Year Established:	Not Disclosed
	Employees:	24
	BBN Listing #:	937265
	Broker Reference #:	Not Disclosed

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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 oversees the operation and the new owner should have no problem doing the same. The buildout costed over $1,000,000. The lease is amazing for being priced so well for the location and long-term with 8 years remaining and a 5 year option at only $22,000 with all CAMS included for a total of 6000 sq.ft. which is way below the market in the whole complex and area in general. The Seller is offering amazing financing terms with $600,000 down and $1,400,000 balance amortized over 20 years at 8% with a 5 year balloon which these terms are unheard of. This will go quick as all true perfect location bars with a #6 license and with the great price and seller terms offered and with no other spaces available in Westgate.

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Property Features and Assets:

6,000 Square feet suite in the Heart of Westgate.

Market Competition and Expansion:

Tons of room for growth with more time and online marketing and also run it yourself.

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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