Turnkey Restaurant with Transferable
For Sale
Contact for pricing
Pending
103 North Litchfield Road, Goodyear, AZ 85338
Turnkey Mediterranean concept restaurant with a high-capacity hood system, grease trap, and transferable liquor license.
Property Size3,600 SF
Days on Market56
Property Features for 103 North Litchfield Road
General Information
Standard status
Pending
Size
3,600 SF
Property subtype
Business for Sale
Listing Agency:
West USA Realty
Listed By:
Sabrina Woodhall · License #SA699589000
Source:
Crexi
Added: Jun 10
Changed: Jul 10
Last Checked: Aug 4 at 2:40PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of West USA Realty
Investment Insights
Based on property information with market context.
This turnkey restaurant opportunity includes a fully equipped commercial kitchen built for high-volume service. The kitchen features a substantial 12-foot hood system and a high-capacity 750-gallon grease trap, designed to support heavy daily output. The dining area is described as a spacious 3,600 SF layout with seating for 32 tables, accommodating dine-in guests and private events. The business is offered with an established delivery platform, including a fully transferable DoorDash account with ratings and history.
The property is located at 103 North Litchfield Road, Goodyear, AZ 85338. The offering includes a fully transferable alcohol license, supporting beverage sales alongside food service. The operator’s reported performance includes 2025 gross revenues exceeding $1,000,000.
For an experienced restaurateur or group looking for a ready-to-operate concept, the package is structured to support continuity at handover, including the transferable third-party delivery setup and the ability to sell alcohol through the included license. The existing kitchen capacity and large table count are well-suited to service models that anticipate frequent ordering and steady throughput, with the existing equipment positioned for day-to-day operation from the start.
The property is located at 103 North Litchfield Road, Goodyear, AZ 85338. The offering includes a fully transferable alcohol license, supporting beverage sales alongside food service. The operator’s reported performance includes 2025 gross revenues exceeding $1,000,000.
For an experienced restaurateur or group looking for a ready-to-operate concept, the package is structured to support continuity at handover, including the transferable third-party delivery setup and the ability to sell alcohol through the included license. The existing kitchen capacity and large table count are well-suited to service models that anticipate frequent ordering and steady throughput, with the existing equipment positioned for day-to-day operation from the start.
Key Highlights
- Green Olive Mediterranean Food & Pizza has 2025 gross revenues exceeding $1 million.
- Fully equipped kitchen with a substantial 12‑foot hood system and a high‑capacity 750‑gallon grease trap.
- 3,600 SF restaurant layout with 32 tables for dine‑in service and private events.
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $45.8k | $12.72 |
| − Vacancy | −$5.3k | −$1.48 |
| EGI | $40.5k | $11.24 |
| − OpEx | −$12.1k | −$3.37 |
| NOI | $28.3k | $7.87 |
3,600 SF · lease $12.72/SF/yr · vacancy 11.60% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$729.3K
$638.2K – $850.9K
NOI $51,054 @ 7.0% cap · market cap 14.59%
Second Best
Industrial
$404.8K
$354.2K – $472.3K
NOI $28,336 @ 7.0% cap · market cap 8.10%
Theoretical Best
Office A
$1.06M
$929.5K – $1.24M
NOI $74,359 @ 7.0% cap · market cap 21.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
536
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 85338, AZ
59,313
Population
23,748
Households
2.5
Avg Household Size
36
Median Age
32%
College-Educated
93%
High-School Grad
76.0 sq mi
ZIP Area
780
Density / Sq Mi
$99,345
Median Household Income
$49,057
Median Earnings
$1,822
Median Rent
$396,100
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Turnkey Mediterranean concept restaurant with a high-capacity hood system, grease trap, and transferable liquor license.
Where is this conventional restaurant located?
The property is located at 103 North Litchfield Road Goodyear, AZ.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Green Olive Mediterranean Food & Pizza has 2025 gross revenues exceeding $1 million.; Fully equipped kitchen with a substantial 12‑foot hood system and a high‑capacity 750‑gallon grease trap.; 3,600 SF restaurant layout with 32 tables for dine‑in service and private events.
