Freestanding Restaurant, Prescott Valley, AZ For Sale

Business description

Freestanding restaurant located on State Hwy 69 in Prescott Valley, AZ. Recently remodeled. This restaurant is in excellent condition. Has full kitchen, bar, lounge, two dining areas, #12 liquor license. All equipment in good working order. Location is very visible, close to major retail, hotels, other restaurants and entertainment venues. Restaurant is ready to go, clean and attractive. This is the sale of the assets only. Priced right!

Property information

Real Estate:

Lease

Lease terms:

Lease expires December 2013 with one five year option

Leasehold rent:

$4,026 per annum

Location:

On State Highway 69 in Prescott Valley, Arizona. Close to major retailers, commercial property, other restaurants, hotels and entertainment venues.

Premises details:

The equipment and the furniture is in excellent condition. Fully outfitted. Full kitchen with hood, walk-in, grease trap etc. Much of the FFE belongs to landlord.

Other information

Expansion potential:

Should be good. Has highway frontage, easy access and egress. Located in what has been a rapidly growing commercial, retail and residential area.

Competition / Market:

Prescott Valley, Arizona is a competitive restaurant market with an ample array of independently owned and chain owned restaurants.

Support & training:

Two days for building and equipment orientation.

Reasons for selling:

Other interests.

Trading hours:

11a-6p Mon-Sat

Furniture / Fixtures value:

$15,000 (included in the asking price)