37585-All-Inclusive Landmark Restaurant in Arizona

AZ

Seller Financing Available
37585-All-Inclusive Landmark Restaurant in Arizona
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Asking Price: $1,500,000

Cash Flow: $90,000

Gross Revenue: $1,027,000

EBITDA: N/A

FF&E: $120,000

Inventory: $25,000

Established: 1946

37585-All-Inclusive Landmark Restaurant in Arizona

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Business Description

Located off of Route 66, this restaurant specializes in steaks, prime rib, and seafood, and features a full-service bar offering cocktails, beer and wine. With a seating capacity over 140, the 5,500-square foot facility features a dining room, bar, kitchen, walk-in refrigerator and freezer, and an office. Located in Coconino County, Arizona, the property is valued around $1,000,000 and included in the listed price. Offering food services requires a County and State Board of Health License, Liquor License and seven service personnel. The company has a proven track record supported by 73 years of ongoing business. With its broad selection of menu items and ideal location, the marketing efforts focus on targeting tourists and locals within a 100-mile radius. Revenues have been increasing over the past four years due to an improving economy. Last year, the total revenue was $1,027,053, with Seller’s Discretionary Earnings of $90,000, rounded. It should be noted, profit margins are projected to be above industry standard this year with restaurant pricing adjustment. With a large customer base and solid reputation, the company continues to attract new customers while maintaining its reputation with existing ones.

Detailed Information

Inventory:
Included in asking price
Employees:
9
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Financing:
Negotiable for the right buyer
Support & Training:
The owner will be available as needed for a standard transitioning period.
Reason for Selling:
Approaching retirement
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