Premium Restaurant & Bar For Sale $2.5M Sales-Turnkey Absentee Owned Phoenix, AZ 85028
- Retail properties
- 3,984 SF
Current Use by Public Records
- Retail properties
Property Details for 0 Premium Restaurant & Bar For Sale $2.5M Sales-Turnkey Absentee Owned
- Year built
- 2017
- Property size
- 3,984 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
Profitable Phoenix restaurant for sale; $349,000 asking price. Established in 2017, this 3,984 sq ft turnkey restaurant boasts over $2.5M in annual revenue and a strong owner benefit. Located in a high-traffic area of Phoenix, Arizona (zip code 85028), this fully staffed and equipped establishment offers a significant return on investment. The lease, at $25,565.71 per month (NNN), expires January 30, 2027, with two five-year options. The extensive equipment includes a wood-fired pizza oven, ample refrigeration, and a full bar setup. The interior features a spacious dining area, a dedicated bar, and a substantial patio with seating for outdoor dining. The current operating hours are Monday-Thursday 11 am-9 pm, Friday 11 am-10 pm, Saturday 10 am-10 pm, and Sunday 10 am-9 pm. The business employs 15 full-time and 23 part-time employees. The current owner's benefit is estimated between $150,000 and $244,000 annually. This presents a rare opportunity to acquire a thriving, established restaurant with significant growth potential in a prime location. The sale does not include inventory.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Longitude
- -112.012
- Latitude
- 33.5726
