Beautiful Restaurant and Bar w/Patio near Fountain!!!!!

Fountain Hills, AZ
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Asking Price:$500,000
Gross Revenue:$1,000,000
FF&E:$250,000
Cash Flow:$120,000
Rent:$3,275
BUSINESS DESCRIPTION

This very beautiful turn-key restaurant serving authentic dishes in Fountain Hills is a proven money maker. It is a restaurant located in a very busy center near the fountain with plenty of parking. The location,FF&E's and patio make a a perfect rebrand opportunity and/or maintain the current cuisine. The books are stronger since Covid and are picking up. Also the owner put over $300,000 into this restaurant and that is why it is a smoking deal. The newly assumable lease has an unbelievable below market rent at only $3275 per month for 4200 Sq. Ft!! for 3 years and with 2 five year options with only a 2% bumps per year only. This appealing restaurant and outdoor patio with a small intimate full bar is in a growing higher income area. This is an ideal opportunity for a hands- on Operator or Chef to own an established restaurant with great authentic dishes, and #12 Liquor License. The growth opportunities for delivery, expanded hours (now not open on Sundays) catering and hosting functions are extensive. . This outstanding restaurant is priced well for a quick sale. HURRY UP THIS DEAL WONT LAST.


DETAILED INFORMATION
Location
Fountain Hills, AZ
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
4,200
Lease Expiration
30/09/2027
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
4200 sq.ft. restaurant with an outdoor patio in a great location with a large kitchen.
Competition
Not much with that cuisine.
Growth & Expansion
Tons of room for growth with time and more effort. Also a re-brand would work as well.
Support & Training
2 Weeks after Sale
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Mike
Darmo
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Mike Darmo