PRICE REDUCTION Downtown Chandler Turn-Key Restaurant Opportunity

Chandler, AZ (Maricopa County)

Historic Downtown Chandler
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Asking Price: $234,900

Cash Flow: $150,000

Gross Revenue: $850,000

EBITDA: N/A

FF&E: $300,000

Inventory: $20,000*

Established: 2016

*not included in asking price.

PRICE REDUCTION Downtown Chandler Turn-Key Restaurant Opportunity

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Business Description

Great Downtown Chandler Location - Business Owner Wanted

Now offering in “Downtown” Chandler’s Historic District, a Restaurant Fully Turn-Key, with an exciting look. Original build-out was in 2016 and was well over $750,000 to complete. It is immaculately clean with a well designed floor plan including acoustic walls and ceiling. Total building is 5,334 s/f with over 4,100 s/f on main floor, a 700 s/f private loft and a 500 s/f basement storage room. All new A/C’s and an available Solar System on roof at original build-out, save on the Electric bills if you want to hook it up. Has a huge fully equipped split kitchen that you can design any menu around. Currently has a #12 Liquor license in place. Seats approximately 130 in the dining and bar area with a 36-seat private loft party room upstairs. The outside patio can seat an additional 30+. This is considered an asset sale as the name & recipes will not follow with sale. Operates today at near $75K in gross sales a month with some nice profits, but owner wants to sell off some of his responsibilities and take some family time due to family illness. Owner also owns the building and will provide a brand-new long-term lease for 5 to 10yrs with additional options at ONLY $24.50 s/f plus NNN. It hard to find a great rate like this in the downtown. Asking price has been reduced to $234,900 for everything but the name and recipes.
Contact Bud Rago @ 602.399.1466, Business Broker, for additional information.

Detailed Information

Location:
Chandler, AZ
Inventory:
Not included in asking price
Employees:
15
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This opportunity includes all kitchen equipment (split kitchen) that is no more than a few years old, all furnishings and a full horseshoe bar set up. Elegance if you want it or change the concept but the FF&E will fit many desirable styles. Acoustical Sound walls and ceilings in place. Glassed in Loft overlooks Bar and Restaurant area.
Competition:
A healthy competitive concept in the downtown area makes this a great opportunity for new concept of your own to fit into the new development.
Growth & Expansion:
Upcoming new look to downtown Chandler coming by end of year and first of new year 2020.
Financing:
No Owner Financing Available
Support & Training:
Negotiable
Reason for Selling:
Family iIlness
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Contact the Seller

(from currently available funds)
 
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Bud Rago

Business Listed By:
Bud Rago

West USA Commercial Division

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Memberships & Certifications:
Indicates membership in The Arizona Business Brokers Association (AZBBA).

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