Premium Restaurant & Bar for Sale $2.5M Sales-Turnkey Absentee Owned

Phoenix, AZ
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Asking Price:$349,000
Gross Revenue:$2,580,912
Established Year:2017
Cash Flow:$183,685
Rent:$25,565/Month
BUSINESS DESCRIPTION

Discover an extraordinary opportunity to own a premium restaurant and bar that epitomizes prestige, glamour, and elegance. Located at one of the most bustling intersections in the state, this remarkable venue achieves over $2.5M in annual revenue, all while being operated entirely absentee. This makes this Restaurant & Bar for Sale an ideal investment for those seeking a profitable venture with minimal day-to-day involvement.
This Restaurant & Bar for Sale ambiance is meticulously designed to offer the perfect environment for high-end business and social gatherings. The exquisite décor, top-notch design features, luxurious furnishings, and a first-class kitchen create an inviting space with significant curb appeal and visibility. Every detail has been thoughtfully curated to provide guests with an unforgettable dining experience.
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. We understand that financing can be a critical component, and we are here to help you navigate this process smoothly.
Priced attractively at just $349,000, this turnkey Restaurant & Bar for Sale offers exceptional value well below the original build cost. The lease, set at a reasonable $25,565.71 per month including NNN, covers a spacious 3,984 square foot area. The restaurant boasts ample seating and a dedicated, well-trained staff, ensuring a seamless transition for the new owner. This investment not only promises financial gains but also peace of mind.
With an annual owner benefit ranging between $150K-$244K, this absentee-run Restaurant & Bar for Sale is a lucrative investment. The purchase includes a fully furnished and equipped restaurant, featuring comprehensive dining and bar setups, high-top bar stools, TVs, refrigerators, and a state-of-the-art kitchen equipped with a massive 8 foot open hearth pizza oven,, fryers, prep tables, and walk-in refrigerators. The comprehensive setup allows for a variety of culinary offerings to meet diverse customer preferences.
This Restaurant & Bar for Sale, presented by We Sell Restaurants, is part of our portfolio of exclusive and lucrative business offerings. Act quickly, as this desirable location will not remain available for long. Don't miss your chance to take over a thriving restaurant in a prime location. For more details and to express your interest, please contact us today. Secure your chance to own this exceptional restaurant and bar.
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DETAILED INFORMATION
Location
Phoenix, AZ
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
3,984
Lease Expiration
01/02/2027
Employees
38
Facilities
Waiting Area 1 Hostess station 2 High top chairs 2 Gray cloth couches 3 Orange lounge chairs 1 Wooden coffee table 1 Wooden bench Dining & Bar 8 5ft wooden tables 4 4 top booths w/ tables 8 Metal chairs 3 4 top booths w/ tables 4 6 top booths w/ tables 21 High top blue leather bar stools 2 Two top booths w/ table 2 50? SAMSUNG TVs 1 SS hand sink 1 TRUE 2 door refrigerator/ kegerator w/ 6 tap tower 1 TRUE 3 door glass refrigerator 1 SS jockey box 1 10ft liquor/glassware rack Kitchen 1 BEVERAGE AIR 2 door sandwich prep 1 TURBO CHEF conveyer over 4 TURBO AIR two door refrigerators 1 WOOD STONE wood fire pizza oven 3 TURBO AIR 3 door pizza/sandwich preps 2 ROYAL deep fryers 1 CPG 6 burner w/ flat top & 2 convection ovens 1 8ft HOOD MART hood w/ ansel 1 TURBO AIR single door sandwich prep 1 8ft SS table w/ heat lamps 1 SS ice box 3 SS hand sinks 1 SS pot sink 1 SS 3 compartment sink 1 20x 12 walk in refrigerator w 3 glass display doors 1 3x8 walk in refrigerator
Competition
This restaurant benefits from the area's high traffic and affluent customer base, providing a thriving market for upscale dining experiences. This location's vibrant culinary scene and strong local demand create ample opportunities for attracting discerning patrons.
Growth & Expansion
Differentiating from the competition, the restaurant can leverage its unique menu, exceptional service, and exclusive events to attract and retain a loyal customer base, while also exploring catering, delivery, and partnerships with local businesses to enhance its market presence.
Support & Training
Two Weeks
Reason for Selling
Other
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Doreen
Gorman
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Doreen Gorman