Turnkey Restaurant & Bar on Roosevelt Row
This award-winning establishment represents a premier dining opportunity in one of Phoenix's most desirable locations. Located on the iconic Roosevelt Row, this high-end neighborhood restaurant and bar has built an exceptional reputation since opening in 2024, earning some of the highest Google and Yelp ratings in Arizona.
BUSINESS OVERVIEW:
The restaurant generates $1,300,000 in annual revenue with an average ticket of $90 per person, demonstrating strong customer loyalty and premium positioning. The cozy atmosphere has cultivated a highly established demographic of regular customers, providing consistent revenue streams.
FINANCIAL HIGHLIGHTS:
• Annual Revenue: $1,300,000
• Cash Flow (SDE): $50,000
• Average per person spend: $90
• Established customer base with regular clientele
LOCATION & FACILITY:
Situated in 2,504 square feet of prime Roosevelt Row real estate, this location benefits from high foot traffic and the area's reputation as a cultural and dining destination. The current lease runs through January 1, 2031, at $9,500 per month, providing operational stability.
OPERATIONS:
The business employs 12 staff members and comes fully equipped with $300,000 in furniture, fixtures, and equipment. Inventory valued at $35,000 supports ongoing operations. The turnkey nature allows for seamless transition.
GROWTH POTENTIAL:
Positioned in one of Arizona's most sought-after restaurant corridors, this establishment has significant potential for continued growth through its proven concept, loyal customer base, and prime location.
The current owner is relocating and offers 3-6 months of operational training to ensure successful transition. This represents a rare opportunity to acquire a well-established, award-winning restaurant in Phoenix's premier dining district.
Ad#:2386253
