$210,000 NET #12 Popular Restaurant in Surprise!!

Surprise, AZ
Maricopa County


Asking Price: Annual Revenue:
$700,000 $1,200,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: $210,000 NET #12 Popular Restaurant in Surprise!! Broker: Mike Darmo
Owner Financing is Available!
50% down and the balance of $350,000 for 5 years at 6.5%

Quick Facts

Asking Price: $700,000
Annual Revenue: $1,200,000
Net Profit: Not Disclosed
Cash Flow: $210,000
Total Debt: Not Disclosed
FF&E: $125,000
Real Estate: Not Disclosed
Year Established: 2010
Employees: 15
BBN Listing #: 829359836
Broker Reference #: Not Disclosed

Email or Print Listing

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Business Overview:

Hurry up this will go quick. With over $125,000 in build out done about 3 years ago and a recent refresh this 4,300 square feet beautiful and busy #12 restaurant with a bar is ready for a new owner to take it through the upcoming busy season. This gold mine in a prime location is available for a steal. All the equipment is in great shape, and seating for over 100 people inside and a large double patio for more additional seating. This corner suite restaurant has more potential to go to the next level with an experienced owner. Also this bar boasts a sizeable covered patio. The concept is great and location and is even better. The seller has been at this location for over 4 years but the restaurant brand is over 11 years old and has a solid following. The rent is very competitive for the area at only $9,100.00 per month and the seller feels confident it could be negotiated down. The restaurant consistently produces over $100,000 in sales and has solid profit margin. The restaurant currently has 15 employees, 8 Full Time/7 Part Time and is fully staffed and turn-key. The sellers are also offering great seller financing terms with 50% down and the balance of $350,000 for 5 years at 6.5% which should tell you how confident the owner is in this business. Hurry up this will go quick.

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Property Features and Assets:

4,300 square feet suite situated in busy strip center with tons of traffic and has two large outdoor patios for additional seating.

Market Competition and Expansion:

Tons of room for growth with more internet marketing and presence.

Reason for Selling:

Retiring

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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