Willow Creek Restaurant - Real Estate and #12 Restaurant

Prescott, AZ (Yavapai County)

Front

Asking Price:$460,000

Cash Flow:N/A

Gross Revenue:N/A

EBITDA:N/A

FF&E:$85,000

Inventory:N/A

Real Estate:$615,000

Established:1998

Willow Creek Restaurant - Real Estate and #12 Restaurant

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Business Description

SIGNIFICANT PRICE REDUCTION!!! $-300k!

This gem of a property sits on over 1.8 acres! The restaurant is 3,941 square feet and has a #12 liquor license. Located off one of the most highly trafficked streets in Prescott. Restaurant seats over 100 in the bar, patio and dining areas - plus a catering room that seats 50+. This restaurant has been in operations for over 16 years and is part of the heart of Prescott. Attracts both local residents and business. Serves both lunch and dinner and is a popular spot to listen to live music on Friday nights. Freestanding building was just painted and new roofing was put on the back part of the building. There is an upstairs that currently is used for an office or storage but a new owner could reside there or turn it into private dining. The patio is a must see!

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Detailed Information

Real Estate:
Owned
Included in asking price
Building SF:
3,941
Employees:
1 FT - 5 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This gem of a property sits on over 1.8 acres! The restaurant is 3,941 square feet and has a #12 liquor license. Located off one of the most highly trafficked streets in Prescott. Restaurant seats over 100 in the bar, patio and dining areas - plus a catering room that seats 50+. This restaurant has been in operations for over 16 years and is part of the heart of Prescott. Attracts both local residents and business. Serves both lunch and dinner and is a popular spot to listen to live music on Friday nights. Freestanding building was just painted and new roofing was put on the back part of the building. There is an upstairs that currently is used for an office or storage but a new owner could reside there or turn it into private dining. The patio is a must see!
Competition:
This is the only full service restaurant in the neighborhood. Prime location off of one of Prescott's most busiest streets. #12 liquor license.
Growth & Expansion:
There is 160 unit apartment complex going in under a mile down the road. Restaurant could be updated and has a ton of upside potential. Perfect location for a steakhouse or creative concept.
Support & Training:
Owner will train for 2 weeks and is willing to stay on as an employee.
Reason for Selling:
Retirement - MOTIVATED SELLERS! MAKE OFFER!

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Maggie Tidaback

Business Listed By:
Maggie Tidaback

West USA Realty of Prescott

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