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  • RE:  Renowned Restaurant For Sale In Prime Scottsdale Location!
  • Contact:  Doreen Gorman

Quick Facts

Asking Price: $375,000
Annual Revenue: $1,042,618
Net Profit: Not Disclosed
Cash Flow: $123,616
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2011
Employees: 7
BBN Listing #: 983494
Broker Reference #: 19055

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Business Overview:

Iconinc Old Town Scottsdale Restaurant for Sale in Premier Location! Over $1M in Sales with Part Time Hours of Operation! Price Reduced! Must See!

Nestled in the heart of Old Town Scottsdale, this Restaurant for Sale is a rare gem in the absolute best location imaginable. Surrounded by top-tier bars, restaurants, upscale shopping, and vibrant tourist attractions, it is a prime destination for locals and visitors alike. Established in 2011 by a renowned New York City chef who has been a staple in the culinary world since 1987, this restaurant offers an unmatched combination of prestige, ambiance, and proven success.

Boasting over $1 Million in annual sales despite operating part-time - closed two days a week and only open four hours a day on other days, and closed the entire month of July - this is a testament to its loyal following and unparalleled reputation. With an elegant and inviting atmosphere, this Restaurant for Sale offered by We Sell Restaurants is the place where food lovers and tourists flock to enjoy exceptional dining experiences.
I magine what a new owner who adds even more hours can do! Increase sales sunstantially!

The kitchen is led by a talented chef and supported by a seasoned team of staff who have been with the restaurant for years, ensuring a seamless transition for a new owner. Every recipe, along with comprehensive training, will be included in the sale, offering a turnkey opportunity for continued success. The current owner of this Restaurant for Sale, a celebrated figure among Italian chefs, is ready to retire, creating a once-in-a-lifetime chance to acquire a high-end restaurant with an established brand and reputation. This restaurant is currently owner absentee.

From its impeccable location to its dedicated following and world-class culinary offerings, this Restaurant for Sale is a rare opportunity to step into a thriving business in one of the most coveted areas in Arizona. Perfectly poised for continued success, this is a dream for anyone looking to own a high-end, iconic restaurant in Scottsdale.

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Property Features and Assets:

Chairs 60
Tables 17
Vertical wine shelves in dining area (3) these hold up to 24 bottles of wine
Cart 1
3 Vissani wine coolers in bar area
Hostess stand
Bar shelves for alcohol behind bar
Bar countertop
Cash register under point of sale black
Bar shelf underneath bar countertop holding glassware and sodas
Speedwell in bar
Bar ice bin
Bar 3 compartment sink
Bar handwash sink
Bar bottle holders vertical at the end of the bar near the wall
Espresso grinder
Espresso machine
Antique cash drawer and antique cash register
6 tap handles with drain not being used next to antique cash register
Television behind bar
Various glassware
Various dishes
Cutlery
Various ramekins
Various storage containers
Various pots and pans
Fire extinguisher
Grey striped curtain between bar and dining area
Curtain for window in dining area
White fans in entryway 3
White fans in dining area 3
Light fixtures in dining room 4
Menus with plastic menu holders
Salt and pepper glass shakers on dining tables
Various candle holders
Canvas prints of Italian celebrities and of Italy 10
Framed photos of Franco with friends & celebrities, newspaper articles, magazine articles
Wall sconces in entry way area attached to wall 3
Entry way wood table next to hostess stand
Wine bottle holder container 1 at the end of the entry way dining area near back door
Small lamp on hostess stand
Server station shelves on wall 2
Server station cabinet
Various server trays
Server station sound system
Hand wash sink in server station
Server station metal shelves
Curtains in server station
Electric small white vacuum cleaner
Server station coffee maker
White dry erase board
Women?s bathroom trash can
Women?s bathroom framed Lagune beach print
Women?s bathroom light fixture
Women?s bathroom mirror
Women?s bathroom sink
Men?s bathroom trash can
Men?s bathroom light fixture
Men?s bathroom sink
Men?s bathroom mirror
Kitchen doors in and out
Ice machine
Kitchen prep sink next to ice machine
Photo above prep sink
Metal shelving with 4 tiers next to ice machine
Silver cart next to sink and dish machine
Prep table in dish machine area of Back of house
Shelving in dish machine area attached to wall
Hobart mixer
Foldable step ladder small 3 steps
Kitchen aid mixer small
3 compartment sink
Hand-wash sink next to 3-compartment sink to the left of the 3 compartment sink
Sprayer in sink next to dish machine
Walk in freezer
Walk in cooler
Vissani white chest reach-in freezer
2 shelves next to white Vissani chest freezer
2 step fold up ladder next to white Vissani chest freezer
Wood table in kitchen area
Slicer
Amana microwave
Shelf above microwave
Hood
Salamander
1 grill
1 fryer
Oven with 6-burners 2 ovens with 12 burners
2 burner with no oven total of 14 burners
3 sandwich prep tables
1 steam table hot table with 4 compartments
1 large rotisserie
Reach in white refrigerator
Nemco plate warmers 2
Shelves on wall in kitchen area 3
Imperia pasta machine R220
Slim Jim trash can
2 round trash cans
Kitchen floor mats 6
Floor mat next to ice machine 1
Floor mats in dish area 3
Cork board with calendar in dish area by exit door
Pepper and salt wooden grinders 5 total


Excluded
Dish machine it is leased.
Point of Sale machines these are leased.
One framed drawing drawn in ball point pen made for Franco next to the server station. All other framed photos, magazines articles, newspaper articles are included in the sale, except this one.

Market Competition and Expansion:

This is a phenomenal area of Scottsdale! It is located in one of the best areas of Old Town Scottsdale. Excellent visibility! Located next to one of the most famous restaurants and bars in town!

Reason for Selling:

Retirement

Additional Details:

  • The property is Leased.
  • This is not homebased business opportunity.
  • This is not a franchise resale opportunity

Relevant Links:

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