Business For Sale

Restaurant- SBA Pre-approved - In Escrow

Tucson, AZ
Pima County

Asking Price: Annual Revenue:
$629,000 $1,425,000

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Restaurant- SBA Pre-approved - In Escrow Broker: Michael C. Abbinante
Owner Financing is Available!
Seller will carry a $100,000 note in second position to SBA financing.

Quick Facts

Asking Price: $629,000
Annual Revenue: $1,425,000
Net Profit: $273,000
Cash Flow: $273,000
Total Debt: Not Disclosed
FF&E: $160,000
Real Estate: Not Disclosed
Year Established: 2006
Employees: 12
BBN Listing #: 494346298
Broker Reference #: Not Disclosed

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Business Overview:

This well-located casual restaurant enjoys high visibility and is located on a major east-west thoroughfare in a high-income area of Tucson. This easy to operate business serves three meals a day and has a loyal customer base. Menu consists predominantly of American fare items with daily specials.
Although the restaurant has a #12 liquor license, the business derives only 10% of its total revenues from the sale of alcohol products. Business has been in existence for over 12 years and enjoys a traffic count of 40,000 vehicles daily.
The above stated revenues and profits were obtained from the Business' 2017 federal income tax return. Revenues for the first 4 months of 2018 are 15.5% higher than those of 2017.
Qualifications for SBA Financing: purchaser must have previous “food and beverage” experience as an owner, or true Manager with Total Store responsibility. In addition, to having $100,000 of liquidity the purchaser must have a credit score greater than 720.
This Business is being represented by a Licensed Real Estate Broker in the State of Arizona, License #BR009292000.
Because of the Confidentiality surrounding the sale of the Business: Potential buyers will be asked to meet at the Broker's office to sign a Confidentiality Agreement and provide proof of funds before receiving additional information.

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Property Features and Assets:

The restaurant occupies 2,740 square feet with a favorable lease. That the decor is tasteful and homey and it is conducive for serving three meals per day.

Market Competition and Expansion:

Reason for Selling:

Owner is 69 years old.

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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The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.

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