HIgh Volume Restaurant with Real Estate

Not Disclosed, AZ
Pima County


Asking Price: Annual Revenue:
$2,800,000 $2,401,887

Food & Beverage: Restaurants, Fast Food, Deli


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RE: HIgh Volume Restaurant with Real Estate Broker: Dana Cole
License #: BR030288000

Quick Facts

Asking Price: $2,800,000
Annual Revenue: $2,401,887
Net Profit: Not Disclosed
Cash Flow: $583,174
Total Debt: Not Disclosed
FF&E: $150,000
Real Estate: $1,000,000
Year Established: 1977
Employees: 45
BBN Listing #: 496430004
Broker Reference #: Not Disclosed

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Business Overview:

This very established, highly successful full service family-friendly restaurant is a favorite of locals, as well as visitors. Ideally located just off the freeway in a free-standing building with easy access, visibility, great parking and walking distance from a hotel. Building, land, restaurant, FFE and inventory are included in the sale and business has tenured management and staff in place. Restaurant seats approximately 300 guests, offers an excellent breakfast, lunch and dinner menu in a stylish casual atmosphere. The cozy neighborhood bar area is very popular, the kitchen is efficient, clean and well-stocked and the Building & Property have been very well maintained with continual improvements. Clean financials and tax returns on file with Broker. First quarter 2019 revenue demonstrates an increase by nearly 7% and net income by 27% over same time period last year. Owner has operated the business for decades and is ready to retire, but is willing to assist in a successful transition to a new owner-investor. This unique opportunity is to be sold as a package and has been pre-approved for SBA lending to a qualified purchaser w/$450K down payment. Required meeting with Broker to sign NDA for further information.

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Property Features and Assets:

Building is approximately 6,300 square feet, lot size 33,721 square feet, well-maintained building and parking lot, good equipment & many upgrades.

Market Competition and Expansion:

Business has a great reputation, is a local favorite, attracts visitors, as well as freeway travelers.

Reason for Selling:

Retirement

Additional Details:

  • The property is owned.
  • 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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