5225 sq ft busy restaurant/bar

Cave Creek, AZ (Maricopa County)

Fun Friday Night
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Asking Price: $450,000

Cash Flow: $200,000

Gross Revenue: $1,600,000

EBITDA: N/A

FF&E: $75,000

Inventory: $15,000

Rent: $9,500 /Month

Established: 2002

5225 sq ft busy restaurant/bar

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Business Description

American New southwest twist, family owned full service restaurant and saloon. Featured on food network, #12 liquor license, fully operational staff. Dining room and bar separate to be able to accommodate any guest, family feel in the dining room and on the patio with a fun adult atmosphere in the bar. This restaurant draws crowds of all walks but has a western feel in the bar with country music bands and dancing. Car shows on Saturday Mornings, excellent following for weekend breakfast all through to evening dancing and live bands. Fully operational and turn key.

Detailed Information

Location:
Cave Creek, AZ
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
5,225
Lease Expiration:
4/1/2024
Employees:
30
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
All equipment and inventory to convey in sale. 1957 Chevy Bel Air dining booth in the dining room with tons of 50's gas pumps and memorabilia. Bar is decorated western with a huge dancefloor and two large bar tops. perfect area for group events, parties, etc.
Competition:
Excellent rapidly growing location with above average income levels. Right off a main highway that has been known to see thousands of potential customers each day. Snowbirds visit the area heavily and ramp up normal sales each year in the winter months.
Growth & Expansion:
This is a series 12 licensed bar with an average of 15-20 percent sold annually in liquor, could be expanded by much more with bringing in sports or other new ideas.
Support & Training:
One month onsite preferred but open to discussion for potentially longer. General Manager and Manager onsite fully trained for day to day functionality.
Reason for Selling:
Owner is relocating out of state
Franchise:
This business is an established franchise
Business Website:
http://Www.heartandsoulcafeaz.com
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Business Listed By:
Josh Horton

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