$400,000 NET Well Established Mediterranean Restaurant and Bar

Peoria, AZ

Seller Financing Available

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Asking Price:$950,000
Gross Revenue:$1,535,000
FF&E:$80,000
Cash Flow:$400,000
Rent:$9,280
Established Year:2012
BUSINESS DESCRIPTION

Amazing Location and Seller Financing Terms!!!

If you are looking for a beautiful well-established Mediterranean restaurant/bar/grill in the heart of Peoria with solid reviews and great staff in place then look no further. The restaurant boasts a solid 4500 sq.ft. suite with an outdoor patio and a bar and a great lease in place as well below market at $9280 per month There is ample parking near the business and surrounded by solid neighbor tenants. The owner opened the business over 12 years ago and built a solid relationship with the surrounding community and made it strong through COVID. The owner has all the books and records you will need to review the business. The seller is also offering great seller financing terms with $600,000 down and $350,000 balance over 3 years at 7%. Hurry up this go quick.


DETAILED INFORMATION
Location
Peoria, AZ
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
4,500
Lease Expiration
01/01/2029
Employees
12
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
4500 sq.ft. suite in the corner of a center with an outdoor patio
Growth & Expansion
Tons of room for growth with more online marketing
Financing
Seller will carry with $600,000 down and $350,000 for 3 years at 7%
Support & Training
2 Weeks after Sale
Reason for Selling
Retiring
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Mike
Darmo
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Mike Darmo