Italian Restaurant and Bar

Recently Remodeled Restaurant and Bar, Well established since 2003.

Location:

Phoenix, AZ

Inventory:

$9,500
Not included in asking price

Real Estate:

Leased

Building SF:

2,800

Lease Expiration:

10/02/2028

Employees:

11 (1 Full-time, 10 Part-time)

Rent:

$6,500.00

Facilities:

Owner managed full service Italian Restaurant and Bar with Real wood/gas fire Pizza oven.Hours of operation 5pm-9pm 7 days a week (only 4 hours a night). All fixtures and furniture is paid off (except leased dishwasher and soda guns system from CocaCola) convey with the purchase. Lease till Sept,2028. It can easily be renegotiated for extension.

Competition:

We have a solid group of customers that supports us regularly. We have great off premise catering business, in house private room events and holiday parties every year. They are repeat customers as well as new ones.

Growth & Expansion:

Being in business for a long time it has a proven history , it can easily be expanded to other parts of the valley. We have a great following and great many positive reviews on line. For example 6000 reviews 4.5 stars. We believe that shows how much we care of what we do.

Financing:

Seller financing available

Buyer down $275K, seller will carry $100K w 6.5% int 5yr with lean on business

Support & Training:

Almost half the employees have been working with us for the last 15 years. Owner or appointee will stay on to guide the new owners for 3 weeks from a successful close of escrow. ( almost half the employees cross trained in different positions) It will be an easy transition.

Reason for Selling:

Owner retiring and moving out of Arizona.