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Listed by:

Mike Darmo-American Realty Brokers

Absentee Run Phoenix Bar And Restaurant For Sale

Phoenix, Arizona, US
Asking Price:
$400,000
Sales Revenue:
$1,150,000
Cash Flow:
Undisclosed

$250,000 NET Absentee-Run Phoenix Bar/Restaurant

Hurry up this will go quick especially since it is absentee-run. This bar/restaurant which has been at the same location for many years sits right in a stand alone building facing a very busy part of the Central Valley near a highway. The owner oversees the operation and the new owner should have no problem doing the same. The buildout is very themed and in great shape. The lease is amazing for being priced so well for the location and long-term with 2 year left and 5 years as an option at only $5,300 with all CAMS included for a total of 2,500 square feet which is way below the market.

This Restaurant/Bar has a full bar and a lots of TV'S and seating. The business has a large 2,500 square feet interior with large kitchen and bar and seats even more inside. This is truly turn-key and this is the prime time to buy as the busy season is just beginning. All the numbers are provable through the point of sale system during the due diligence period, also the financials will be provided after an NDA is signed.

This will go quick as all true perfect location bars and restaurants and with the great price offered.

Property Information

Real Estate:

Lease

Lease Terms:

2 year left and 5 years as an option at only $5,300 with all CAMS included for a total of 2,500 square feet.

Location:

Phoenix, AZ, Maricopa County.

Premises Details:

2,500 Square feet. Stand Alone Building.

Size in square feet:
2,500

Business Operation

Management type:
This business has absentee ownership.
Expansion Potential:

Tons of room for growth with a new owner to take it to the next level with more live events and online marketing.

Reasons for selling:

Retiring. Kindly ask the seller for more information.

Employees:
13

Other Information

Furniture / Fixtures value:
$85,000