Renowned Restaurant for Sale in Prime Scottsdale Location!

Scottsdale, AZ
listing image
Asking Price:$440,000
Gross Revenue:$1,145,813
Established Year:2011
Cash Flow:$144,801
Rent:$8,200/Month
BUSINESS DESCRIPTION

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Iconinc Old Town Scottsdale Restaurant for Sale in Premier Location! Over $1.1M in Sales with Part Time Hours of Operation!
Nestled in the heart of Old Town Scottsdale, this Restaurant for Sale is a rare gem in the absolute best location imaginable. Surrounded by top-tier bars, restaurants, upscale shopping, and vibrant tourist attractions, it is a prime destination for locals and visitors alike. Established in 2011 by a renowned New York City chef who has been a staple in the culinary world since 1987, this restaurant offers an unmatched combination of prestige, ambiance, and proven success.
Boasting over $1.1 million in annual sales despite operating part-time - closed two days a week and only open four hours a day on other days, and closed the entire month of July - this is a testament to its loyal following and unparalleled reputation. With an elegant and inviting atmosphere, this Restaurant for Sale offered by We Sell Restaurants is the place where food lovers and tourists flock to enjoy exceptional dining experiences.
The kitchen is led by a talented chef and supported by a seasoned team of staff who have been with the restaurant for years, ensuring a seamless transition for a new owner. Every recipe, along with comprehensive training, will be included in the sale, offering a turnkey opportunity for continued success. The current owner of this Restaurant for Sale, a celebrated figure among Italian chefs, is ready to retire, creating a once-in-a-lifetime chance to acquire a high-end restaurant with an established brand and reputation.
From its impeccable location to its dedicated following and world-class culinary offerings, this Restaurant for Sale is a rare opportunity to step into a thriving business in one of the most coveted areas in Arizona. Perfectly poised for continued success, this is a dream for anyone looking to own a high-end, iconic restaurant in Scottsdale.
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DETAILED INFORMATION
Location
Scottsdale, AZ
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
2,200
Lease Expiration
01/10/2027
Employees
7
Facilities
bar top bar glassware mixer tables chairs host stand rotisserie machine various plates bowls dishes silverware refriegerator salamander stove prep sink ice machine walk in freezer walk in cooler pots pans dish sink shelving prep tables trash cans reach in white freezer slicer 12 burner stove hood grill kitchen prep line table 4 traffic cones storage area
Competition
This is a phenomenal area of Scottsdale! It is located in one of the best areas of Old Town Scottsdale. Excellent visibility! Located next to one of the most famous restaurants and bars in town!
Growth & Expansion
The new owners can add more days and hours to be open and generate more income!
Support & Training
2 weeks training and support.
Reason for Selling
Retirement
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Doreen
Gorman
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Doreen Gorman