2 Iconic Restaurants And Bars For Sale With $2.3 Million In Sales Scottsdale, AZ 85251
- Retail properties
- 2,800 SF
Current Use by Public Records
- Retail properties
Property Details for 0 2 Iconic Restaurants And Bars For Sale With $2.3 Million In Sales
- Year built
- 2018
- Property size
- 2,800 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional offering presents two thriving, established restaurants in prime Scottsdale and Phoenix locations. Built in 2018, these complementary businesses boast a combined 2,800 square feet of space, generating over $2.3 million in gross revenue and a substantial cash flow of $658,710. The sale is an asset sale, excluding inventory, and priced at $1,100,000. Both locations benefit from high visibility within busy shopping centers, attracting significant foot traffic. The Scottsdale restaurant operates under a lease expiring in 2029, with potential for extension, while the Phoenix lease terms are negotiable. Monthly rent for both is $9,200. Each location features ample indoor seating for over 100 patrons, complemented by outdoor patio areas. Extensive equipment is included, encompassing kitchen appliances, bar supplies, furniture, and even a unique mascot costume and memorabilia. The sale also includes the Franchise Disclosure Document (FDD) and full franchise rights, offering significant expansion potential. Ten employees currently support operations. The seller, retiring after establishing these successful ventures, will provide two weeks of comprehensive training and support to ensure a smooth transition for the new owner. This turnkey opportunity presents a rare chance to acquire two well-established, high-earning restaurants with significant growth potential.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Scottsdale
- County
- Maricopa
- State
- Arizona
- Longitude
- -111.922
- Latitude
- 33.4986
