Breakfast & Lunch -Freestanding Bldg.

Tucson, AZ (Pima County)

Seller Financing Available
Breakfast & Lunch -Freestanding Bldg.

Asking Price:$275,000

Cash Flow:$234,000

Gross Revenue:$905,000

EBITDA:$234,000

FF&E:$125,000

Inventory:$6,000

Real Estate:$700,000*

Established:1999

*not included in asking price.

Breakfast & Lunch -Freestanding Bldg.

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Business Description

Great Breakfast and Lunch Restaurant is established and has a proven track record. The freestanding building built by the owners of the restaurant is approximately 3,800 square feet. There is enough seating to accommodate the very busy Saturday and Sunday peak times. The building sits on an acre lot and has 47 parking spaces.

Located on a main thoroughfare, 20 minutes north of Downtown Tucson, this establishment offers its patrons less hectic environment and a casual dining experience.

This transaction requires an owner operator, since the SBA criteria for the financing of the real property will require such. The above cash-flow is based on the Seller's 2015 tax return and updated for increases in 2016 Operating Results. The cash-flow is computed on a debt-free basis. At full asking price, the net cash-flow to a qualified purchaser would be $167,000 after the Buyer's monthly debt service payments on the real property (25 year amortization) and the business financing (5 year amortization).

This Business is being represented by a Licensed Real Estate Broker in the State of Arizona, License #BR009292000.

Because of the Confidentiality surrounding the sale of the Business and the Real Property: Potential buyers will be asked to meet at the Broker's office to sign a Confidentiality Agreement and provide proof of funds before receiving additional information.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Not included in asking price
Building Sq. Ft.:
3,800
Employees:
15
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The facility is approximately 3,800 sq. ft., and a recent MAI Appraisal indicates the price of the building and 46,000 square foot lot at $700,000.00. The real property must be purchased with the business.
Growth & Expansion:
There has been little to no advertising done by the restaurant. A new Owner can increase business by advertising and lengthening the hours of operation.
Financing:
Seller will finance a qualified business buyer with a 50% down payment.
Support & Training:
This owner understands the importance of a smooth transition.
Reason for Selling:
Retirement.

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Michael Abbinante

Business Listed By:
Michael Abbinante

Abbinante & Co.

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Memberships & Certifications:
Indicates membership in The Arizona Business Brokers Association (AZBBA).

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