Old West in Modern day AZ: Food, Class#6LL, Regular Repeat Clientele

Apache Junction, AZ (Pinal County)

Inside Dance Floor

Asking Price:$1,900,000

Cash Flow:N/A

Gross Revenue:N/A

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Real Estate:N/A

Established:1994

Old West in Modern day AZ: Food, Class#6LL, Regular Repeat Clientele

Get Financing Save Print Share Valuation Report

Business Description

Seasonal Opportunity! Repeat Clientele Pack the dance floor daily

EXPERIENCE THE HIGHLY REGULAR CLIENTELE PACKING THE HOUSE EACH DAY DURING THE WINTER VISITOR'S SEASON. Highly demanded Western-Themed Venue with direct Highway visibility at entrance (less than 6 miles) from some of the most popular attractions in Arizona: Tonto National Forest, Canyon Lake's full Marina, the Apache Trail, Lost Dutchman Park, and authentic 100+ year old Goldfield Ghost Town and Tortilla Flats located in Arizona's Superstition Mountains.

Valuable Class 6 Liquor License (dine in & take-out) and much of the 5 acres remain undeveloped for an expansion opportunity into the final stop for restaurant take out, sundries, beverages, camping, hiking and boating supplies to the estimated 600,000 annual visitors.

This 22 year old existing restaurant is a thriving community staple with live music packing the dance floor 6 days/week and known for its "Broasted Chicken" and family style dining. Profitable now as a single-dimensional western themed restaurant despite the limited (word of mouth) advertising.

The 5 acres still has plenty of room for expansion (water line prep complete) without encumbering the views of the Superstition Mountains. Existing 4000+ square foot indoor facilities seat 150 in the dining room and 450 outdoors on the 10,000 square foot patio. Outside there is an elevated stage with lockable band storage area, a retail store, a barn and a chuckwagon, practically unlimited parking for cars and horses, plus 3 rental apartments.

Prompted by a 2015 study, the Fairmont Resorts made a significant investment in remodeling and rebranding their facilities based on the Arizona market demand for Western-Themed facilities. Scottsdale's JW Marriott made a similar investment last year. Located just a few miles from the only authentic historic western towns in Phoenix Metro (the 6th largest population in the U.S.), Filly's is at the right place at the right time.

Owners since 2005 ready to retire. The establishment has also built a solid team of loyal, reliable employees, many of whom have been working there since day one, available to stay on with the new ownership.

It is located in the Phoenix East Valley on Apache Trail (ranked No.49 on TripAdvisor among 1614 attractions in Arizona), 6 miles from Goldfield Ghost Town, 2 miles from a top rated HOA RV Campground, 17 miles from the nearest airport, 30 miles from Phoenix Sky Harbor International Airport, 8 miles from Gold Canyon, home of 5 championship golf courses, and 30 miles from Scottsdale Arizona.

Whether you want a management-run restaurant or want to roll your sleeves up and run it yourself, this is the ultimate opportunity for anyone who wants to live in Arizona, have fun and make a great living! The owners have worked hard to build it into the solid business it is today and it comes with significant potential to increase profitability.

Detailed Information

Real Estate:
Owned
Included in asking price
Building Sq. Ft.:
N/A
Employees:
34
Facilities:
Nice cash flow, forensic accounting just completed, please contact for full review of financials. Assets alone valued over $2MM include: 5 acres of land, over 4,000sf Restaurant providing indoor seating for 150, Bar, Kitchen, Furniture Fixture & Equipment, 10,000 sf patio providing additional 450 sit-down dining, Elevated Stage with band Storage Room, Valuable Class 6 Liquor License, Walk in Cooler, Rear Barn and Chuck Wagon, 3,000 square feet of residential rental units, Small Retail Store, Horse Corral, Trademarks & Logos of popular 22 year old business. INCREDIBLE VENUE PACKED DAILY WITH REGULARS
Competition:
There is limited competition in the area for a live music western themed full service restaurant, and none with these views of the Superstition Mountains. There is no retail/convenience/ food and/or liquor take-out on Apache Trail/US 88 this close to the entrance to Tonto National Forest Recreation Area (which the current owners have never expanded into).
Growth & Expansion:
There is expansion opportunity to utilize the liquor take-out provisions of the license in combination with food and camping, boating supplies as a take-out stop on the way to the nearby destination events. The 5 acres still has plenty of room for expansion without encumbering the views of the Superstition Mountains. The residential rental units have been under-utilized. The advertising has been predominantly word-of-mouth to date.
Support & Training:
Negotiable
Reason for Selling:
Retirement
Business Website:
http://www.DutchGirlHomes.com/Fillys

Listing Statistics for Premium Members

Ad#:1262866 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's terms & conditions before responding to any ad.

Contact the Seller

Sign up for the BuyerNewsletter.
Learn to use your IRA/401K to buy a business: Guidant Financial (min. $50K needed in IRA/401K)
Contact Seller Loading

Denise van den Bossche

Business Listed By:
Denise van den Bossche

Russ Lyon Sotheby's International Realty

Show Phone Number

View My Listings

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

Find out more...

Get more details about this business.


Similar Listings


Pancheros Mexican Grill

Franchise Opportunity
Capital Required: $404,325