Phoenix! Incredible, Iconic, Profitable Italian Restaurant For Sale

Phoenix, AZ
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Asking Price:$550,000
Gross Revenue:$1,045,863
Established Year:1985
Cash Flow:$196,235
Rent:$3,804/Month
BUSINESS DESCRIPTION


Profitable & Iconic White Tablecloth Italian Restaurant for Sale in Phoenix, AZ! Established in 1985, this Restaurants Boasts Excellent Reviews and a Massive, Loyal Following! Nearly $200,000. in Seller Discretionary Earnings!
Imagine the opportunity to actually own an iconic and very profitable Italian Restaurant For Sale restaurant that has been proudly serving Phoenix since 1985! This is truly a rare opportunity for ownership in one of the city's most revered dining establishments. Known for its impeccable cuisine, elegant ambiance, and rich history of success, this restaurant is absolutely poised for continued growth under new ownership.
This established Italian Restaurant For Sale presented by We Sell Restaurants has been in business for nearly four decades with a reputation for outstanding Italian cuisine, sophisticated dining experience, and excellent customers service. Generations of families dine here throughout the years. This is a beloved restaurant to Arizonans and toursists alike.
This scratch kitchen has been featured in local newspapers and magazines, highlighting its culinary expertise and community presence. All recipes, perfected over years of meticulous preparation, are included in the purchase of the Italian Restaurant For Sale. Ingredients are sourced locally for freshness and quality, ensuring each dish is a masterpiece. Strategically located in a vibrant area of Phoenix, the low rent and location cannot be beat!
The dining area provides an intimate and upscale atmosphere. The kitchen is fully equipped, including all necessary equipment to maintain high standards of food preparation. This Italian Restaurant For Sale also has a beautiful wine room and bar.
Let We Sell Restaurants introduce you to lending options to make acquiring this exceptional Restaurant & Bar for Sale even more accessible. Our lenders are prepared to assist you in achieving your goal of owning a highly successful and prestigious establishment. This restaurant is eligible for financing through an SBA loan, providing a great opportunity for potential buyers.
Training is provided by the current owner of the Italian Restaurant For Sale, ensuring a smooth transition and continuation of the restaurant's renowned culinary traditions.
The owner is a beloved member of the community. Guests are more like family here. The owner is ready to retire after nearly 40 Years of Passion for Italian Food and Outstanding Profits!
This is a unique opportunity for a passionate chef or restaurateur to step into a well-established, highly respected restaurant with a loyal customer base and exceptional reputation. The inclusion of recipes and training ensures continuity of the restaurant's signature dishes and service excellence. The many hundreds of reviews are nearly 5 Stars! What a blessing for a new owner to come into this incredible Italian Restaurant For Sale!
The sale of this phenomenal restaurant includes all furniture, fixtures, equipment, and recipes.
Don't miss this extraordinary opportunity to acquire a distinguished white tablecloth Italian Restaurant For Sale in Phoenix, renowned for its culinary mastery and unparalleled dining experience. Take the reins and continue the legacy of excellence in one of Arizona's most iconic dining destinations.
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DETAILED INFORMATION
Location
Phoenix, AZ
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
1,800
Employees
12
Facilities
12 ft hood walk in freezer Toaster 2 sandwich tables with cooler and lids Office Office Chair Liquor cage 3 refrigerators by back area office 2 compartment stand up freezer 2 door clear glass fridge espresso machine coffee maker shelving single glass door refrigerator 12 burner stove 1 refrigerator with 4 burner grill on top 1 fryer grill pots pans 2 tables in kitchen hot burners 3 compartment sink sink sprayer floor mats various cambros with various shapes and sizes various ladles various containers plates dishes glassware flatware trays red mixer Storage Area closet cleaning supplies 1 handsink near ice machine 2 white refrigerators in this area 4 three metal shelves 1 five metal shelving unit 1 blue mixer Next Room 3 compartment sink 1 compartment sink bowl with sprayer 2 stainless steel tables storage shelves in wall unit Server Station linens shelves Bar shelves glass backbar 3 compartment sink 3 bar top stools Wine Cellar shelving wine inventory purchased separately from sale of restaurant Entryway 8 seats 2 tables Wooden menu holder on wall with 4 shelves 3 tables near bar area 6 chairs Upper level Dining Area 9 tables 26 chairs Lower level Dining Area 8 tables 31 chairs Various light fixtures 1 point of sale machine in bar area flower pots bench in front of restaurant wall prints and frames Please note that there are portraits of owner and family that were painted by local artist for the restaurant Those are not included in sale and are personal paintings of owner
Competition
This area is growing. There is no other Italian restaurant like this nearby. This restaurant has captured the hearts of Arizonans and tourists. It is easily accessible to get to and near the freeway.
Growth & Expansion
The new owners can add more open hours and days. They are currently open 5 days a week, 4 hours on those days. This could add even more revenue. The new owners could also focus on catering to add even more revenue.
Support & Training
One week training.
Reason for Selling
Retirement
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Doreen
Gorman
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Doreen Gorman