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    Retail properties & Spaces

    0 2 Iconic Restaurants And Bars For Sale With $2.3 Million In Sales, Scottsdale, AZ 85251

    2,800 SF Built 2018
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 2018
    Total area 2,800 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
    Realmo proprietary · 4 methods
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