Semi-Absentee Beautiful Mediterranean Rest/Bar

Chandler, AZ
Maricopa County

Asking Price: Annual Revenue:
$220,000 $625,000

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Semi-Absentee Beautiful Mediterranean Rest/Bar Broker: Mike Darmo
Owner Financing is Available!
Seller will carry with $150,000 down and the balance for 3 years at 7%

Quick Facts

Asking Price: $220,000
Annual Revenue: $625,000
Net Profit: Not Disclosed
Cash Flow: $50,000
Total Debt: Not Disclosed
FF&E: $85,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 177659836
Broker Reference #: Not Disclosed

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Business Overview:

This very busy Bistro serving authentic Mediterranean Food in South Chandler/Ocotillo is a proven money maker. It is a well-established restaurant located in a very busy center with plenty of parking. The lease has an unbelievable below market rent and possibly has the space to expand in the next suite next door. The location of the restaurant is in a prime location with a large untapped Sun Lakes market clientele. Also this restaurant on Trip Advisor fluctuates from 8 to 12 in top restaurants in Chandler. This appealing restaurant and outdoor patio that serves beer and wine is in a growing higher income area. This is an ideal opportunity for a hands-on Operator or Chef to own an established restaurant with great authentic dishes, and #12 Liquor License. The net income would grow substantially with an owner overseeing all operation and controlling food cost. Currently the owner is semi-absentee and their presence is not as necessary. The growth opportunities for delivery, expanded hours (now not open on Sundays) catering and hosting functions are extensive. The owner is also offering seller financing with $150,000 down the seller will carry the balance of $70,000 for 3 years at 7%. This outstanding restaurant is priced well for a quick sale. HURRY UP THIS DEAL WONT LAST.

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Property Features and Assets:

Wait till you see the pictures I will send to see how beautiful the restaurant is.

Market Competition and Expansion:

This restaurant has a proven history of growth, profitability, great customer base and success. The growth possibilities are significant. Use of delivery services has just begun and will grow with time. There is significant opportunity for catering both off site as well as on site. The dining hours should be expanded to include Sunday service. This change is expected to significantly increase revenues.

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.

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