Stunningly Gorgeous Restaurant And Bar For Sale In Phoenix! Phoenix, AZ 85012
- Retail properties
- 3,000 SF
Current Use by Public Records
- Retail properties
Property Details for 0 Stunningly Gorgeous Restaurant And Bar For Sale In Phoenix!
- Year built
- 2023
- Property size
- 3,000 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This stunning, 3,000 square-foot restaurant and bar, built in 2023, is located in a prime Phoenix, Arizona (zip code 85012) location. Boasting a high-end design, it features a full kitchen, main bar area with booths and tables, a separate speakeasy lounge with mid-century modern design, and a beautifully landscaped patio. The property includes all furniture, fixtures, and equipment. The current lease, at a rate of $10,975 per month, expires in April 2028, with a five-year option to renew until 2033. The business generated $1,207,388 in gross revenue and currently employs six people. Two weeks of support will be provided to the new owner for a smooth transition. The seller is motivated by other opportunities. This turn-key operation offers immediate occupancy and significant growth potential in a thriving area of Phoenix, with excellent visibility and ample parking. The restaurant's design is luxurious yet approachable, creating a welcoming atmosphere for a diverse clientele. The connected speakeasy provides a unique opportunity to expand offerings and cater to a wider market. This is a rare opportunity to acquire a fully operational, high-end establishment with a proven track record and significant upside.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Longitude
- -112.069
- Latitude
- 33.5114
