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- RE: $197,000 NET Owner-Absentee #6 North Phoenix Bar
- Contact: Mike Darmo
Quick Facts
| Asking Price: | $800,000 | |
| Annual Revenue: | $1,210,000 | |
| Net Profit: | $197,000 | |
| Cash Flow: | Not Disclosed | |
| Total Debt: | Not Disclosed | |
| FF&E: | $100,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | Not Disclosed | |
| Employees: | 9 | |
| BBN Listing #: | 990415 | |
| Broker Reference #: | Not Disclosed |
Business Overview:
Hurry up this will go quick especially since it is a #6 Bar in the Northwest Valley. This bar which has been at the same location for many years sits right in a standalone building in a street correct facing a very busy part of N.Phoenix near a major highway. The owner oversees the operation and the new owner should have no problem doing the same. The buildout is up to date and in great shape. The lease is amazing for being priced so well for the location and long-term with a lease rate at only $6,200 with all CAMS included for a total of 3400 sq.ft. which is way below the market. This Restaurant/Bar has a full bar and a lots of TV'S and seating and a pool table. The business has a large 3400 sq.ft interior with a back kitchen and bar and a solid amount of seating 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. The seller is also offering amazing Seller Financing Terms with $550,000 down and $250,000 for 4 years at 7%. This will go quick as all true perfect location bars and restaurants and with the great price offered.
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Property Features and Assets:
3400 Sq.ft Stand-Alone Building
Market Competition and Expansion:
Tons of room for growth with a more dedicated owner.
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
Relevant Links:
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