Seller's Contact Information
- RE: Beautiful Restaurant And Bar W/Patio Near Fountain
- Contact: Mike Darmo
Quick Facts
| Asking Price: | $350,000 | |
| Annual Revenue: | $600,000 | |
| Net Profit: | $180 | |
| Cash Flow: | Not Disclosed | |
| Total Debt: | Not Disclosed | |
| FF&E: | 250,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | Not Disclosed | |
| Employees: | Not Disclosed | |
| BBN Listing #: | 529659836 | |
| Broker Reference #: | Not Disclosed |
Business Overview:
This very beautiful turn-key restaurant serving authentic dishes in Fountain Hills is a proven money maker. It is a restaurant located in a very busy center near the fountain with plenty of parking. The location,FF&E's and patio make a a perfect rebrand opportunity and/or maintain the current cuisine. The books are stronger since Covid and are picking up. Also the owner put over $300,000 into this restaurant and that is why it is a smoking deal. The newly assumable lease has an unbelievable below market rent at only $3275 per month for 4200 Sq. Ft!! for 3 years and with 2 five year options with only a 2% bumps per year only. This appealing restaurant and outdoor patio with a small intimate full bar 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 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 $200,000 down the seller will carry the balance of $150,000 for 5 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:
4,200 square feet restaurant with an outdoor patio in a great location with a large kitchen.
Market Competition and Expansion:
Tons of room for growth with time and more effort. Also a re-brand would work as well.
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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