Sports Bar with Large Patio
Phoenix Metro West Valley, Arizona
| Asking Price: |
Gross: |
Cash Flow: |
| $550,000 |
$905,888 |
$143,616 |
Furniture and Fixtures Value:
$250,000 (included in the asking price)
Inventory Value:
$10,000 ( not included in the asking price)
Business Summary:
This brand new Sports Bar has it all. Great location in a rapidly growing West Valley area! Kitchen is designed for efficiency & fully equipped with state of the art equipment. Equipment includes a large walk-in refrigerator & freezer & hood with ansel system. Bar is separate from the dining area & boasts of a large built-in bar with flat screen RV sets throughout. Patio is great for casual dining & private parties. They opened in Jan 2010 & the first year was great! So far in 2011, the sales are up 10% over last year & the owner expects it to last throughout the year. Sales & expenses represented are annualized based on year to date sales 2011. Owners have worked on the expenses to get them in line with the sales & it shows in the bottom line. Seller owns other businesses & doesn't have the time to devote to this one.
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| Year
Business was Established: 2010 |
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| Number of Employees:
6 ft & 14 pt |
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| Facilities / Terms of Lease:
2836 sq ft. Monthly rent $4,868. Lease expires September 2020 & has (2) 5 year options to renew. Lease deposit is $7,000. |
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| Owner
willing to finance:
$225,000 down; Balance @ 8 years; 7% interest |
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| Owner
willing to train:
2 weeks |
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| Reason for selling:
owns other businesses |
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| REQUEST MORE INFO |
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