Property Details for 000 Sales

Year built

1995

Property size

2,100 SF

Property type

Retail properties & Spaces

Property subtype

Restaurants

Description

This established Italian restaurant and bar in Phoenix, Arizona presents a unique opportunity for ownership. Boasting impressive annual sales exceeding $770,000 despite limited weekend hours (5 hours), this 2,100 square foot restaurant, built in 1995, offers a proven track record of profitability. The business operates within a leased space, with a monthly rent of $5,800, and the lease expires August 31, 2024. The sale includes a fully equipped kitchen and bar, featuring a wide array of equipment including a convection oven, flat top grill, charbroil grill, two conventional ovens, a deli slicer, and more. The restaurant also boasts ample seating, with 67 seats indoors and 56 on the patio, and a full liquor license. The current owners, retiring, are offering training to ensure a smooth transition. The business employs 10 people and has a strong customer base. This turnkey operation is a rare find in the dynamic Phoenix market, offering significant potential for growth through extended hours, menu expansion, or special events. The asking price is $349,000. Buyer prequalification of $70,000 is required for full business details.

Location Insight

City

Phoenix

County

Maricopa

State

Arizona

Longitude

-111.988

Latitude

33.3211