Restaurant and Lounge Business for Sale in East Phoenix AZ- Reduced!

Maricopa County, AZ

Seller Financing Available
Restaurant and Lounge Business for Sale in East Phoenix AZ- Reduced!

Asking Price:$400,000

Cash Flow:$156,400

Gross Revenue:$1,450,512




Rate/Sq. Ft.:N/A


Restaurant and Lounge Business for Sale in East Phoenix AZ- Reduced!

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Business Description

There are many reasons to visit this stellar restaurant and lounge located in the heart of a very prestigious location in the Greater Phoenix East Valley. Ideally located with loyal repeat clientele this upscale restaurant and lounge offers unique ambiance, extensive wine choices and an exceptional food menu.

Strategically located with exponential growth in the immediate surrounding vicinity makes this location second to none and the service from well trained and dedicated staff is impeccable.

Well established, exceptional staff and management and an awesome inventory of upscale wine choices combined with the opportunity to expand the officially approved footprint makes this the perfect fit for a serious buyer.

As with any business, you have to be fully engaged and truly believe that what you are selling is built out of pride and a strong foundation. If that comes in the form of a great atmosphere, awesome entrees or an exceptional wine selection then this foundation delivers it all in the form of an extraordinary restaurant and lounge.

If you want a business that turns heads, wins hearts and provides the opportunity for growth, then look no further than this gem in the Greater Phoenix East Valley.

Detailed Information

Included in asking price
Real Estate:
Building Sq. Ft.:
Lease Expiration:
FT: 11 PT: 15
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Business has majority of repeat and walk-in traffic. Easy Access. Base Rent $6,885, NNN $7,344. Lease Expiration 2021; 1 option/5 years.
Minimal competition in the area and a great reputation.
Growth & Expansion:
Significant growth potential exists in the areas of: expansion of footprint, menus and location. The City has already approved many projects that would increase foot traffic (i.e. office buildings, mixed use retail, apartment homes, condominiums, parks, theaters etc.) all within walking distance.
Support & Training:
In order to provide for a smooth transition to a Buyer, the Seller will provide 2 weeks of training at 20 hours per week.
Reason for Selling:
New business opportunity

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Pamela Smith

Business Listed By:
Pamela Smith

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Sponsoring Broker:
Lisa Riley

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