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First Rate Italian Food

Phoenix, AZ (Maricopa County)

First Rate Italian Food
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Asking Price: $750,000

Cash Flow: $340,000

Gross Revenue: $1,300,000

EBITDA: N/A

FF&E: $300,000

Inventory: $20,000

Rent: $9,000 /Month

Established: 2006

First Rate Italian Food

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Business Description

Much can be assumed about restaurants that continue to flourish after 12 years. While a strong reputation produces new diners, consistently excellent food, service and value generates repeat diners. This seller is not trapped on that "80 hrs/week treadmill" that seems to be required of so many owners. Instead, he spend approx 4 hours/day on general admin/oversight while ordering inventory. (He even closes fro 2-4pm daily.) This terrific restaurant/bar sits in a strip center at a very busy intersection in Phoenix. Gross sales approximate $1,300,000 and have proven to be quite stable at that level.

Detailed Information

Location:
Phoenix, AZ
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,100
Lease Expiration:
8/1/2019
Employees:
12
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
2100 sq ft with a beautiful bar and outdoor seating
Support & Training:
The seller will familiarize a buyer with all aspects of the business for a period of 30 days and be available for phone consultations for a period of 6 months.
Reason for Selling:
Retirement
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Dennis Hayes

Business Listed By:
Dennis Hayes

WCI Commercial

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