NOT DISCLOSED, Arizona
| Asking Price |
$1,500,000 |
Year Established |
|
|
| Annual Revenue |
$1,000,000 |
Reason for Selling |
|
|
| Annual P/L |
$275,000 |
Attention |
Mike Darmo |
|
| Annual Cash Flow |
$0 |
Listing Number |
1003923 |
|
| # of Employees |
|
Business Category |
Food & Beverage: Bars, Clubs, Nightspots |
|
Business Overview:
If you have been in the market for a rare to find cigar bar in the heart of Scottsdale with fine appointments and a large cigar humidifier room and a full bar with a #6 license then look no further. This perfectly located cigar bar features a great lease 2700 sq.ft. inside location with an additional 1500 sq.ft. patio at a lease rate of only $11,450 in Scottsdale with 10 years remaining. The business also boasts top notch furniture, fixtures and equipment included in the price as well as a #6 license which is marketed for over $200,000 included in the price. The business also features $150,000 worth of top-notch hand-selected inventory at cost not included in price. The current ownership are semi-absentee and are offering great seller financing terms for the new owners. The Seller Financing Terms offered are $1,000,000 down and $500,000 for 3 years at 8%. Cigar Bars are very rare to show up on the market and this one, especially in the location and with the Seller financing terms offered will go quick.
Property Features and Assets:
<p>2700 sq.ft. inside location with an additional 1500 sq.ft. patio<br></p>
Market Competition and Expansion:
<p>Tons of room for growth with more time and more ownership involvement, also there are major developments opening up near by the location within the next 12 months or so.<br></p>
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