Retail - Bars/Taverns | Retail - Restaurants

Asking Price	$200,000	Inventory	$20,000*
Gross Income	$550,000	Real Estate
Cash Flow	$100,000	Year Established	2000
FF&E	$200,000*	Employees	11

* included in the asking price

** not included in the asking price

Price is inclusive of liquor license and FF&E but exclusive of inventory including liquor, food and paper products which will be inventories and valued on close of escrow. Buyer is financially responsible for purchasing the inventory from Seller via separate Bill of Sale. Asking price is also EXCLUSIVE of existing $248K carryback at $4,200/mo. and assumption of $4,900/month lease. Own your own "Cheers" in Fountain Hills, Arizona...the most exclusive community in the Phoenix metro area 1/2 mile from the world's tallest fountain and Fountain Lake. Established restaurant/bar...8 years old. Gross revenues current running $600K+. Owner wishes to retire and ride his Harley into the sunset! Owner has re-invested ALL or $100K+ operating profits back into the business for new equipment acquisitions, repair, replacement, sales and marketing. Current owner/operator has doubles restaurant gross revenues in the past year. Owner may carry back up to $100K of purchase price. Non-Disclosure Agreement required prior to receiving listing package. Seller willing to pay a 3% Co-Broke. To show, make appointment with Listing Broker.

Facilities: 3,000sf w/4 years left on existing lease. NNN lease at $4,926/mo. 5-Yr. Lease Option is available. The building was constructed in 1998. The business has been in operation since the building was completed. Sale price includes Class 12 Arizona Liquor License. Price does not include inventory which includes liquor, food and paper products which will be taken and valued on the close of escrow date. Buyer is responsible for purchasing inventory outside of the escrow by separate Bill of Sale. Price is EXCLUSIVE of existing $248K carry back.

Competition: This business is known for being the "Cheers" of Fountain Hills, Arizona which is the most affluent suburb in the Phoneix metropolitan area. The business is located within 1/2 mile of the World's Tallest Fountain at 560' and Fountain Lake. Over 60% of gross revenues are food-related.

Growth/Expansion: During 2003-2004 this business generated over $900K in annual gross revenues before an ownership change resulted in revenues falling down. Current ownership has re-built the business and has doubled revenues over the past 12 months.

Financing: Asking price is exclusive of existing $248K carryback at $4,200/mo.

Support/Training: (1) weeks training Included in asking price. Owner/Operator available on a continuing management consulting fee basis.

Reason Selling: Owner/Operator looking to retire and pursue other personal interests.