Business For Sale

Old West Bar & Restaurant

Not Disclosed, AZ
Maricopa County


Asking Price: Annual Revenue:
$350,000 $1,023,175

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Old West Bar & Restaurant Broker: Sheryl Reese
License #: BR005917000
Owner Financing is Available!
$250,000 down; Balance @ 5 years; $1,980.12 monthly payment; 7% interest.

Quick Facts

Asking Price: $350,000
Annual Revenue: $1,023,175
Net Profit: Not Disclosed
Cash Flow: $157,371
Total Debt: Not Disclosed
FF&E: $260,000
Real Estate: Not Disclosed
Year Established: 1938
Employees: 20
BBN Listing #: 864643913
Broker Reference #: Not Disclosed

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Business Overview:

ESTABLISHED 80 years! Old West style Bar (#6 Liquor License) & Restaurant. Current owner bought the business in1980 and has done extensive remodeling, updating & replacing old equipment. He did this without losing any of the Old West charm. Bar features the original back & front bar. When you walk in this Bar, you feel like a cowboy even if you are a city slicker. Seller admits that there is still a lot of room to grow in the bar. Only 18% of the sales is in Liquor. Seats 120 inside. The covered 1,500 square feet. Patio seats an additional 60. It is fully equipped with a 400 square feet bar. 7,000 square feet parking lot provides plenty of parking. Perfect for private parties of all kinds. There is so much going on here. Seller discloses and represents that some of the kitchen employees are also retiring and the new owner will have to replace them. Seller will train the Buyer for a period of one month to insure an orderly transition of the business.
Open: Monday through Saturday, 11am-9pm.

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Property Features and Assets:

6,080 square feet includes the patio. This will be a new lease for the buyer. 5 year lease with a 5 year option to renew. Rent: $5,006.63 includes CAM fees & tax Deposit: $4,000 + last month rent.

Reason for Selling:

Retiring

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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