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A Full Service Family Restaurant & Bar For Sale
Location: United States -> Arizona
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

This full service family restaurant and bar is located near Tucson, Arizona with a seating capacity for over 300 guests. This restaurant has been in business for 37 years and has an excellent reputation in the community. They offer daily home-cooked specials that appeal to a wide variety of customers. They use only the highest quality ingredients and fresh produce delivered from a local company. They have been voted #1 restaurant in the area and have a large customer base with many loyal customers. Their bar provides a cozy atmosphere where customers can relax and enjoy their favorite drinks. This company also offers catering for a variety of events and occasions.

This restaurant has been in business since 1977 with the current ownership starting in 1980. The current owner was strategically building the business to secure his future and the timing is at its best, so don't miss out on this opportunity. This Arizona based business is a great opportunity to take a business that is already successful and build on that foundation to secure your future. This company could be operated in a hands-on or absentee fashion, giving the owner the ability to enjoy a flexible schedule and as much control of business activities as desired. Out of their total revenue, 90.7% comes from food sales and 9.3% from alcohol sales. This company offers a new owner a successful business with stable revenues. For more information on this listing, contact us today. Equipment and inventory included in the sale, more details available upon inquiry.

Asking $2,800,000.00. This business has 6,300 sq ft on .75 acre. Their cozy atmosphere and beautiful landscaping is very appealing to customers. They have a Full bar, 300+ seating capacity, outside smoking area, 58 parking spaces, as well as open parking. This location is owned and included with the sale. 75% repeat clientele.


Financials

Asking Price Range:  $2.5M - $5.0M
Gross Revenues:   $1,954,789
Cash Flow:   $291,000
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $171,000
Seller Financing:  Yes

About The Business

Year Established:  1977
Number of Employees:  35 - 49
Relocatable:  No
Franchise:  No
Current Real Estate:  Owned
Property:  Property For Sale

About The Sale

Management Training and Support:  Key employees will most likely stay after transition. The owner is available for a reasonable transitioning period. Employees very seasonally.
Reason For Selling:  Approaching retirement.




Print Listing Id: 700225828
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Related Searches: Catering Services  >  Food Production and Packaging  >  Grocery and Supermarkets  >  Liquor Stores  >  Restaurants and Fast Food (Non-Franchise)  >  Vending Machines  >  Other Food and Beverage  > 

Also See: Franchise Opportunities > Franchise Resales > Arizona Businesses For Sale > Arizona Franchises For Sale > Arizona Business Brokers



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