Description of Business

#12 BAR/RESTAURANT SEATING 100 IS LOCATED IN NORTHWEST PHOENIX. FULLY EQUIPPED KITCHEN INCLUDING HOOD & ANSUL SYSTEM, LARGE WALK-IN COOLER, FLAT TOP GRILL, FRYERS, ETC. HOURS ARE 10AM-1AM 7 DAYS A WEEK. INVENTORY IS IN ADDITION TO THE PURCHASE PRICE. A RECENT AUDIT BY THE STATE OF ARIZONA DEPARTMENT OF LIQUOR LICENSE & CONTROL DETERMINED THAT THIS BUSINESS WAS GROSSING 45% IN FOOD SALES ABOVE THE 40% FOOD SALES THAT IS REQUIRED FOR A #12 LIQUOR LICENSE. THIS IS AN EXCELLENT, WELL ESTABLISHED BUSINESS WITH LOTS OF POTENTIAL FOR GROWTH.

Property Information:

2400 SQUARE FEET. RENT CURRENTLY IS $3600 PER MONTH. LEASE DEPOSIT IS $1750. LEASE EXPIRES 3/31/2019.

Financing Options:

DOWNPAYMENT IS $125,000. SELLER WILL CARRY THE BALANCE OF $225,000 IN THE FORM OF A NOTE TO BUYER AMORTIZED OVER 7 YEARS INCLUDING 7% INTEREST. THE MONTHLY PAYMENT DUE SELLER FROM BUYER WOULD BE $3,394. SELLER WOULD CONSIDER A CASHOUT OF $250,000.

Support and Training:

SELLER WILL TRAIN BUYER FOR ONE WEEK AT NO COST TO BUYER.

Seller Details:

Mary Zordan
602-978-3313

Janco West Business Brokers

Contact the Seller

Click the button below to request more information from the seller of this business.

• Print business listing
• Email business listing
• View broker's other listings