If you are looking for a turn-key, fully remodeled Diner in the heart of North Phoenix situated in a standalone building on the corner of a busy intersection with all the equipment needed and turn-key ready to go then look no further. This business has been around for years and is situated near a good amount of traffic and other businesses in the immediate area. The books and records are there and everything is done in a point of sale system so verification of revenue should be very easy. The cafe is 5000 sq.ft. with tons of seating and a great lease as well at only $10,085 per month. The hours are great as well as it is only open Mon-Sun 8am-2pm. If you decided to do dinner, it would definitely increase the revenue. The owner spent over $200,000 on upgrades, repairs and equipment in the past two years and the business boasts over $300,000 worth of FF&E. The seller is also offering amazing seller financing terms $357,500 down and $122,500 balance for 3 years at 7%. These types of business don't last especially with this price, hours, location and lease. Hurry up this will go quick.
- Asking Price:
- $485,000 Furniture / Fixtures included
- Sales Revenue:
- $655,000
- Cash Flow:
- $125,000
Property Information
- Real Estate:
-
Lease
- Lease Rent:
- $10,085 per sq ft per annum
Other Information
- Support & training:
-
2 Weeks after Sale
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
$357,500 down and $122,500 balance for 3 years at 7%
- Furniture / Fixtures value:
- $340,000 - included in the asking price
