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Newly Renovated Restaurant - Low Rent Opportunity - Do Not Miss This O

Carefree, AZ
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Asking Price:$379,000
Gross Revenue:$512,069
Cash Flow:$154,691
Rent:$2,185/Month
Listing ID: 2248653Listing provided by BizBuySell
BUSINESS DESCRIPTION

Newly Renovated Restaurant - Low Rent Opportunity - Do Not Miss This O

Gorgeous and Profitable Restaurant and Bar with Patio for Sale in High Income Area of Carefree, Arizona! The Rent is Low! This is an Incredible Opportunity for a New Owner!This is a newly renovated restaurant and bar with 5,000 square feet. It is an absolutely gorgeous space with a loyal clientele. The rent is incredibly low and the landlord even supplements the electricity! If you have ever been through an Arizona summer near Phoenix, you know the sweltering heat can be brutal! The electricity bill can get sky high - but not here! This is a money-making restaurant with great incentives for the new buyer!
Inside this profitable restaurant & bar is a separate area for another business. This other business pays rent to the restaurant and that makes the very low rent in the lease, even lower! This is so unique! The small other business inside would love to stay on with the new owner and continue to pay rent. This is a win-win for everyone! According to www. Arizona-Demographics.com , this restaurant is located in an area where the average household income is $122,328. This is an excellent area with disposable income.
This fabulous Newly Renovated Restaurant for Sale comes equipped with a FULLY renovated dining and kitchen space! So, whether you're looking to takeover this restaurant's concept or bring your own, this has everything you need. The location of this Newly Renovated Restaurant for Sale is one of a kind. Occupying over 5,000 square feet with seating for guests indoors and outdoors. Opportunity to expand into the extra space and incorporate any type of events; from weddings to corporate gatherings, the options are endless! There is an enitre area where you can offer a commissary for other businesses! Completely turnkey and fully-equipped, this is perfect for the person who wants a space already complete without any hassle. Ready to go for a new owner from day one! Don't miss your opportunity to own this Newly Renovated Restaurant for Sale for a limited investment! Inquire today!By providing your phone number to We Sell Restaurants, you are agreeing to receive text notifications,

DETAILED INFORMATION
Location
Carefree, AZ
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
5,000
Lease Expiration
28/02/2026
Employees
9
Facilities
True Refrigeration Prep Table x2 Avantco Refrigeration Prep Table x2 CPG 6 gas stove x2 Grill burner Mainstreet 2 basket fryer Amaerican oven w/ 2 drawer warmer Wooden Prep Tables x2 Large thaw cart Continental 2 Door Oven Garland Master 200 4x 3 tier prep racks 4 Tap Kegerator Decor - NEGOTIATED
Competition
Very low rent! There is a speak easy med spa located in the space that allows the owner to collect rent from within. This helped the rent paid to be only $4,370. for the entire year of 2023. This is very unique! The rent for the summer months is $1,125.50 per month and the non-summer months is $2,251.01. This rent is extremely low and has a loyal customer base.
Growth & Expansion
There is Rental Space Available! This can bring in extra income! Expansion Space Available Within 5,000 Square Ft Space. New owner can also add catering and expand menu!
Support & Training
2 weeks - 80 hrs
Reason for Selling
Personal
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Doreen
Gorman
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Doreen Gorman
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