Bar/Restaurant w/RE-#6 license-New and Growing Fast
Location: Arizona > Maricopa County > Phoenix
Industry: Food and Beverage > Bars and Taverns
Financials
Asking Price: $375,000
Gross Revenue: $1,050,000
Gross Revenue Comments: Annualizend based on first 8 months of operation
Seller Financing: Cash desired
Business Summary
Seller has reinvented this North Phoenix historical building into a fun, sociable country bar/restaurant. Along with great food and an assortment of entertainment events this business offers a business buyer with an excellent location, low competition and tremendous growth potential. Excellent location is due to the unimpeded, long distance visibility to this business, a towering billboard sign, and a major highway that abuts this prime large real estate frontage. In addition, the growth potential is attributed to the continuing residential and commercial development headed toward this business.
This business opened 8/07 with almost all new equipment and has #12 license. Business has experienced incredible growth in a very short period of time and the owner feels this business is capable of grossing $2M+ . #6 license and many other activities coming soon. Contact broker for more information.
Real estate, zoned C-3 and approximately one acre, is available for sale. Traffic count exceeds 40,000+ vehicles/day past this business. Contact broker for further details. Interested parties will need to complete a financial statement prior to release of confidential information at www.azbusiness4sale.com; buyers section.
This business opened 8/07 with almost all new equipment and has #12 license. Business has experienced incredible growth in a very short period of time and the owner feels this business is capable of grossing $2M+ . #6 license and many other activities coming soon. Contact broker for more information.
Real estate, zoned C-3 and approximately one acre, is available for sale. Traffic count exceeds 40,000+ vehicles/day past this business. Contact broker for further details. Interested parties will need to complete a financial statement prior to release of confidential information at www.azbusiness4sale.com; buyers section.
About the Business
Year Established: 2007
Employees: 4 full time - 14 part time
Facilities: Current seller has transformed an historical building into this 5538 sq. ft. fun-loving country bar/restaurant . $7750/mo rent plus NNN expenses includes billboard signage. Bar has an EXCELLENT location but does utilize a well and septic system. Business has #12 license but will be getting a #6 license soon.
Market Outlook and Competition: Minimal competition and none have the great location and billboard signage this business has.
About the Sale
Management Training and Support: TBD
Reason For Selling: 1) Daily travel commute for Seller is too far and 2) Seller has too many other businesses requiring his time.
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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