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- RE: Iconic Phoenix Italian 20 Hrs A Week And Over $170K In Profits
- Contact: Doreen Gorman
Quick Facts
| Asking Price: | $399,888 | |
| Annual Revenue: | $1,042,219 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $177,062 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1985 | |
| Employees: | 12 | |
| BBN Listing #: | 998193 | |
| Broker Reference #: | 29209 |
Business Overview:
Own a Phoenix Legend — 40 Years of Profits, Only 20 Hours a Week
What if you could own one of Phoenix's most iconic restaurants — one that practically runs itself — and still have a life?
This white-tablecloth Italian institution has been packing tables since 1985. It generates over $170,000 in Seller Discretionary Earnings while operating just 20 hours per week — and it's closed entirely for six weeks every summer. That's not a typo. The numbers are real, and the lifestyle is even better.
Why buyers love this opportunity:
• Cash flow from day one. Nearly four decades of loyal guests, glowing reviews, and a reputation that does your marketing for you. Hundreds of near-5-star reviews already in place.
• A turnkey operation. Every recipe, perfected over 40 years of scratch cooking, transfers with the sale. The current owner provides hands-on training to ensure a seamless transition.
• Low overhead, prime location. Strategically situated in a vibrant Phoenix neighborhood with below-market rent — a combination that's nearly impossible to find in today's market.
• The ambiance is already built. A stunning wine room, full bar, elegant dining room, and a fully equipped kitchen are all included with the furniture, fixtures, and equipment.
• A built-in community. Generations of families have celebrated milestones here. Tourists seek it out. Local press has featured it. You're not just buying a restaurant — you're inheriting a Phoenix tradition.
The owner — a deeply respected figure in the community — is ready to retire after 40 years of passion and profitability. This is a rare, once-in-a-career chance to step into something already extraordinary.
Whether you're an experienced restaurateur looking for a proven concept or a chef ready to own your craft, this is the opportunity that doesn't come twice.
$170K in earnings. 20 hours a week. 40 years of goodwill. All yours.
Contact us today — opportunities like this don't last.
Contact the Seller:
To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button (above Quick Facts) and when you are done searching and have made all your selections, simply click on the REQUEST FREE INFO button at the bottom of this page.
Property Features and Assets:
12 ft hood
walk in freezer
Toaster
2 sandwich tables with cooler and lids
Office
Office Chair
Liquor cage
3 refrigerators by back area office
2 compartment stand up freezer
2 door clear glass fridge
espresso machine
coffee maker
shelving
single glass door refrigerator
12 burner stove
1 refrigerator with 4 burner grill on top
1 fryer
grill
pots
pans
2 tables in kitchen
hot burners
3 compartment sink
sink sprayer
floor mats
various cambros with various shapes and sizes
various ladles
various containers
plates
dishes
glassware
flatware
trays
red mixer
Storage Area
closet cleaning supplies
1 handsink near ice machine
2 white refrigerators in this area
4 three metal shelves
1 five metal shelving unit
1 blue mixer
Next Room
3 compartment sink
1 compartment sink bowl with sprayer
2 stainless steel tables
storage shelves in wall unit
Server Station
linens
shelves
Bar
shelves
glass backbar
3 compartment sink
3 bar top stools
Wine Cellar
shelving
wine inventory purchased separately from sale of restaurant
Entryway
8 seats
2 tables
Wooden menu holder on wall with 4 shelves
3 tables near bar area
6 chairs
Upper level Dining Area
9 tables
26 chairs
Lower level Dining Area
8 tables
31 chairs
Various light fixtures
1 point of sale machine in bar area
flower pots
bench in front of restaurant
wall prints and frames
Please note that there are portraits of owner and family that were painted by local artist for the restaurant
Those are not included in sale and are personal paintings of owner
The broker is not responsible for the accuracy of the list provided; it is the Buyer?s responsibility to verify all furniture, fixtures, and equipment during due diligence.
Market Competition and Expansion:
There are no other restaurants in the center and there is excellent visibility from the very busy street.
Reason for Selling:
Retirement. Kindly ask the seller for more information.
Additional Details:
- The property is Leased.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Relevant Links:
- View more Arizona businesses for sale
- View more Businesses For Sale in the same industry
- Sell a business online
- Find a business broker
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