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  • RE:  $250,000 NET Absentee-Run Phoenix Bar/Restaurant
  • Contact:  Mike Darmo

Quick Facts

Asking Price: $400,000
Annual Revenue: $1,150,000
Net Profit: $250,000
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $85,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 13
BBN Listing #: 984621
Broker Reference #: Not Disclosed

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Business Overview:

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.

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Property Features and Assets:

2,500 Square feet. Stand Alone Building.

Market Competition and Expansion:

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

Reason for Selling:

Retiring

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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