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Turn-Key, 5 Star Restaurant with A+ Phoenix Location

Phoenix, AZ
listing image
Asking Price:$750,000
Gross Revenue:$3,900,000
Rent:$28,548/Month
Established Year:2024
Cash Flow:$585,660
Inventory:$50,450
FF&E:$265,154
Listing ID: 2308688Listing provided by BizBuySell
ASSET SALES DESCRIPTION

Stunning, brand new restaurant for sale to be converted to your concept of choice. Located in an A+ Phoenix location, you do not want to miss the opportunity to acquire this 5,150 sq. ft. endcap space with easy exterior access and ample parking in one of the best locations in the Phoenix Metro area. The owner has invested more that $1MM in the space, plus the mall was recently purchased by a new owner who plans on making extensive updates. We anticipate the existing lease will be assigned to the new owner. Please contact Barry Maring at 701-212-8530 or barry.maring@fcbb.com for more information.

DETAILED INFORMATION
Location
Phoenix, AZ
Real Estate
Leased
Building SF
5,150
Lease Expiration
01/10/2032
Employees
35
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
This is a leased location of 5,150 square feet with a Total monthly rent of $28,548. Lease ends 10/2032 with 2 years 60 Months options. Seller is active with 4 FT and 28 PT employees and 3 Independent Contractors. Hours of operation are Daily 11am to 10pm. $50,450 in inventory and $265,154 in FF&E included in the asking price. $625,204 made in leasehold improvements. Other Assets include Client list, social media page (8k followers), goodwill, brand for AZ.
Support & Training
Two Weeks
Reason for Selling
Moving on to new projects
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Barry
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Barry Maring
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