Italian Restaurant and Bar for Sale in Phoenix- $770,000 Sales

Phoenix, AZ
listing image
Asking Price:$349,000
Gross Revenue:$774,303
Established Year:1995
Cash Flow:$73,382
Rent:$5,800/Month
BUSINESS DESCRIPTION

Are you tired of working for someone else? Imagine owning a thriving Italian restaurant and Bar for Sale in the heart of Phoenix, AZ, where warm hospitality meets authentic, mouthwatering cuisine. This is your chance to step into a successful business with a proven track record of profitability.
Established in 1995, this family-owned gem has been delighting diners for over two decades. Despite operating limited weekend hours (just 5 hours), this Italian Restaurant and Bar for Sale boasts impressive annual sales exceeding $770,000. This isn't your typical run of the mill, Italian Restaurant - it's a labor of love, carefully cultivated by passionate owners who have poured their hearts into every dish.
The Restaurant Brokers at We Sell Restuarants are amazed at the perfect Blend of Tradition and Innovation Step inside and experience the charm of a cozy Italian trattoria, complete with rustic décor and a welcoming ambiance. But don't let the quaint interior fool you - this restaurant is equipped with all the modern amenities you need for success. From a fully stocked bar to a state-of-the-art kitchen, every detail has been thoughtfully designed to enhance the dining experience at this Italian Restaurant and Bar for Sale.
Endless Potential for Growth With a full liquor license in hand and an amazing patio space ideal for hosting events and happy hours, the sky's the limit for expansion. Whether you dream of adding new menu items, extending operating hours, or tapping into the local community, this Italian Restaurant and Bar for Sale offers endless possibilities for growth.
The current owners of this Italian Restaurant and Bar for Sale are committed to your success and are willing to provide training to ensure a seamless transition. Plus, with lending assistance available through We Sell Restaurants, you could be in business for yourself in no time. We'll even introduce you to lenders offering favorable financing terms with just 20% down and strong credit.
Act Fast - This Opportunity Won't Last In a city as dynamic as Phoenix, opportunities like this are few and far between. With its affordable rent of just $5,800 per month for a spacious 2,100 sq ft venue, loyal customer base, and strong financial performance, this Italian restaurant is truly a rare find. Don't let this chance slip through your fingers - contact We Sell Restaurants today to learn more and schedule a private viewing of this Italian Restaurant and Bar for Sale or even better check out the 360-degree virtual tour in the listing package.
Disclaimer: Buyer prequalification of $70,000 is required for full business details.
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DETAILED INFORMATION
Location
Phoenix, AZ
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
2,100
Lease Expiration
31/08/2024
Employees
10
Facilities
EQUIPMENT LIST 52 outside chairs 14 patio tables 54 dining room chairs 16 dining room tables 13 barstools 3 commercial phones 2 65 in Smart TVs 4 mini wine fridges Bread warmer Hatco Glo Ray Foodwarmer Jockey Box 4 hand sinks 6 ft bar cooler Pro Clean dish machine 3 compartment sink 4 prep tables 2 Six Footcold tables with 3 doors on each Microwave Manitowoc ice machine Office desk and chair HP Deskjet 4155e Office safe 16 security cameras and system Kenwood receiver Convection oven 2 Six stovetop burners Charbroil grill Flat top grill 2 conventional ovens Deli slicer Winco 3 compartment food warmer 2 basket deep fryer Residential standup freezer 5 Propane patio heaters 2 outside storage sheds
Competition
Located in a prime area of Phoenix, the restaurant benefits from minimal competition and a diverse array of nearby dining options, allowing it to specialize in a family-oriented, authentic Italian dining experience.
Growth & Expansion
Nestled in a bustling area of Phoenix, the restaurant, with its strong track record of profitability, thrives in a prime location with a variety of nearby dining options, presenting ample opportunities for growth and expansion.
Support & Training
1 Week 40 hours Owner | 1 Week 40 Hours Manager
Reason for Selling
Retirement
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Mike
Smith
We Sell Restaurants
Mike Smith