Seller Financing! Restaurant in Affluent Community

Not Disclosed, AZ
Maricopa County


Asking Price: Annual Revenue:
$900,000 $765,072

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Seller Financing! Restaurant in Affluent Community Broker: Bryan Vitagliano
Owner Financing is Available!

Quick Facts

Asking Price: $900,000
Annual Revenue: $765,072
Net Profit: Not Disclosed
Cash Flow: $423,876
Total Debt: Not Disclosed
FF&E: $43,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 86546649
Broker Reference #: Not Disclosed

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Business Overview:

An opportunity like this does not come around often. This 5-star restaurant is positioned well for continued success and future growth. Located in an affluent community, the restaurant caters to locals, as well as visitors to the nearby Resort and high-end golf course.

In addition to the location, a major selling point is the lease. The lease expires in six years with a six-year option to renew and a total rent of $900 a month; the landlord pays all utilities. There is tremendous growth potential and the margins on the food and drink are that much larger with the low overhead. Only open 4 days a week for roughly 4 hours in the evening, there is immediate growth with increased operating hours and days.

The owner is retiring from the restaurant industry. He is willing to help with the transfer and for a well-qualified buyer, entertain a down payment of $400,000, and finance the remaining at 7% over a negotiable term. The restaurant is being offered at the asking price of $900,000.

*The Gross Revenue and Cashflow reported is an annualized representation of January – March 31, 2021 financials.

Restaurants For Sale - www.phxrestaurantsforsale.com

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Market Competition and Expansion:

There is opportunity for growth.

Reason for Selling:

Retirement

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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