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High End Italian Restaurant and Bar North Scottsdale

Scottsdale, AZ
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Asking Price:$280,000
Gross Revenue:$1,000,000
Rent:$10,028
Cash Flow:$217,000
Inventory:$10,000
Established Year:2015
Listing ID: 2305178Listing provided by BizBuySell
BUSINESS DESCRIPTION

Very popular high end family owned Italian Restaurant and Lounge located in PRIME North Scottsdale.Seating at 157 customers between the dinning room, bar and Patio. State of the art Kitchen and a very modern atmosphere, with great decor, this business needs nothing. Excellent food and menu.The best Italian food Around. They also do catering and private parties. Hours are 3:00PM-9:00PM with a popular Happy Hour.
Please call John for more detailed information 602.284.9030

DETAILED INFORMATION
Location
Scottsdale, AZ
Inventory
Included in asking price
Real Estate
Leased
Building SF
4,575
Lease Expiration
20/02/2028
Employees
10
Facilities
Located in a high end shopping center in North Scottsdale with Great customer parking. The owner just signed a new 3 year lease with a 3 year extension. All equipment is in great working condition and a brand New Walk in Freezer as of April of this year. This restaurant needs nothing.
Competition
This restaurant is in a very High end PRIME north Scottsdale location. Seller has many satisfied and loyal customers that love coming to this restaurant. A new owner will do very well here.
Growth & Expansion
Can grow this business with adding more catering services and adding longer hours.
Support & Training
Two weeks support and training
Reason for Selling
Retiring
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John
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John Olness
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