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Restaurant & Entertainment Destination - Steakhouse & Gastropub & Ciga

Glendale, AZ (Maricopa County)

Brewery - Artist Rendering
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Asking Price: $1,950,000

Cash Flow: N/A

Gross Revenue: $2,174,000

EBITDA: N/A

FF&E: $350,000

Inventory: N/A

Real Estate: $2,500,000

Established: 2014

Restaurant & Entertainment Destination - Steakhouse & Gastropub & Ciga

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Business Description

1. DESERT ROSE STEAKHOUSE 2. DESERT ROSE PIZZA & GASTROPUB AND 3. DESERT ROSE CIGAR LOUNGE & CLUB and soon to be DESERT ROSE BREWERY & DISTILLERY *(CONCEPT)*. What happens when you combine TWO Restaurants, ONE CIGAR BAR and 10,000SF of outdoor entertainment areas, you get the most unique concept in the West Valley. Centrally located at the facility is the separate Cigar Lounge & Club which is a historical adobe building presented in Cuban Style. Enjoy a delicious steak, sip on a cocktail and enjoy the pleasures of a fine cigar all in one location!! Additionally throughout the yard are a multitude of games such as (2) giant connect four's, life size checkers and chess, (3) Jengas, (5) corn holes, outdoor ping pong, (2) outdoor billiard tables, indoor professional shuffleboard, tournament foosball, (2) electronic dart boards table top games and video golf. Something for the entire family!

Detailed Information

Location:
Glendale, AZ
Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
18,500
Employees:
36
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The property consists of fourteen contiguous lots (1.89 acres), several buildings and tall steel canopies. Purchased in 2014, there was no expense spared in developing the businesses. The steakhouse impresses showing off a stainless steel lined open kitchen concept, state of the art equipment, large prep area, and tuck and roll diamond booths. The natural all wood bow strung ceiling with its huge trusses, the natural concrete floors and tubular metal air ducts complete the feel and comfort of a true traditional steakhouse serving only the finest quality steaks and seafood in the valley. The Pizza & Gastro Pub with its wall to wall big screen TVs, the unique indoor/outdoor bar, and the huge glass front (beer, white wine, red wine), individually separated and temperature controlled display/walk in coolers are amenities rare to find in the industry. The large outdoor patio has seven (70 inch) big screen TVs, and a misting system. Centrally located at the facility is the separate Cigar Lounge & Club which is a historical adobe building presented in a traditional Cuban style but with a unique museum appearance. The perimeter fence is filled by colorful bougainvillea while it's planter is home to many fruit trees and 110 fragrant roses.
Competition:
After only four years in operation, this property has become a multi million dollar producing venue which can hold a multitude of concurrent parties, events, weddings, formal, corporate or sports related celebrations and much more. Already enjoying production Months of $250,000+ and day's of $20,000+ in revenue it is only a start. The potential and future has only just begun, with an enterprising operator adding the brewery/distillery (City letter of approval) and with the right imagination the potential is unlimited. Desert Rose has become the talk of the County and unlike strip mall or chain restaurants it is truly a one of a kind once in a lifetime opportunity for the right operator.
Support & Training:
Owners will train for up to three weeks gratis and long as needed on a consulting basis.
Reason for Selling:
Other business interest
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(from currently available funds)
 
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Michael Gaida

Business Listed By:
Michael Gaida

NAI Horizon

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