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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