13 year highly successful upscale Italian restaurant and bar
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This is an awesome real Italian restaurant and bar in a very upscale part of north east mesa. It has a great lease way below market as we signed a lease 13 years ago.. The area continues to grow as it locationhas easy access to freeway, 15 mintues to sky harbor and 30 minutes to downtown.. I've been in the business for 40 years and it took years to find this gem of a location, captive audience. Instant cash flow..Cost to replace way over 750k. Come and get it
About the Business
- Years in Operation
- 12
- Employees
- 24 (4 Full-time, 20 Part-time)
one seasonal - Facilities & Assets
- Beautiful corner of center with large patio. Interior recently updated, lots of new equipment
large bar with inside seating for 18 and another 6 on side bar. Fully equiped and nothing needed - Market Outlook / Competition
- we are the competition and market outlook for this upscale neighborhood s great.
- Opportunities for Growth
- still has room to grow with catering and building lunch business. I believe it is cable of 2.5 million with the right mindset and staff. I'm a one man show piecing it together with average staff. Just turning 72 and time to slow down. This is a great opportunity the the aspiring chef,entreprenuer and husband and wife team..
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 3,300
- Rent
- $10,750.00 per month
- Lease Expiration
- 4/13/2031
About the Sale
- Seller Motivation
- 72 years old and 41 years in the business with some health scares
- Transition Support
- as long as needed
- Financing Options
- possible owner carry and SBA qualified
Listing Info
- ID
- 2442088
- Listing Views
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Listing ID: 2442088 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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