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    Retail properties & Spaces

    0 Phoenix! Incredible Iconic Profitable Italian Restaurant For Sale, Phoenix, AZ 85028

    1,800 SF Built 1985
    Property ID
    Property summary
    AI-generated overview

    This exceptional Italian restaurant, established in 1985, presents a rare opportunity for ownership in a beloved Phoenix dining destination. Boasting nearly $200,000 in seller discretionary earnings, this 1,800 square foot establishment has cultivated a loyal following and a stellar reputation for its impeccable cuisine and elegant ambiance. The restaurant's success is built on a foundation of locally sourced, fresh ingredients, meticulously crafted recipes (included in the sale), and a commitment to exceptional customer service. Generations of families have dined here, creating a rich history and strong community ties. Featured in local publications, the restaurant enjoys a prime location in Phoenix (zip code 85028), with low rent and easy freeway access. The fully equipped kitchen includes a 12-foot hood, walk-in freezer, and all necessary equipment to maintain high culinary standards. A beautiful wine room and bar add to the sophisticated atmosphere. The sale includes all furniture, fixtures, equipment, and recipes. One week of owner training is provided to ensure a smooth transition. The current owner is retiring after nearly 40 years of success and is ready to pass the torch to a passionate chef or restaurateur. This turn-key operation offers significant growth potential by expanding operating hours and exploring catering opportunities. The restaurant currently employs 12 people and operates five days a week. The asking price is $550,000. This is a truly remarkable opportunity to acquire a highly profitable and respected restaurant with a loyal customer base and exceptional reputation.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 1985
    Total area 1,800 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
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