High Volume Family Restaurant w/ Real Estate

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Great Family business!
Asking Price:
$2,800,000

Gross Revenue:
$2,401,887
Cash Flow:
$583,174
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$30,000
included in asking price

FF&E:
$150,000
included in asking price

Real Estate:
$1,000,000
included in asking price

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Business Description

This very established, highly successful full service family-friendly restaurant is a favorite of locals, as well as visitors. Ideally located just off the freeway in a free-standing building with easy access, visibility, great parking and walking distance from a hotel. Building, land, restaurant, FFE and inventory are included in the sale and business has tenured management and staff in place. Restaurant seats approximately 300 guests, offers an excellent breakfast, lunch and dinner menu in a stylish casual atmosphere. The cozy neighborhood bar area is very popular, the kitchen is efficient, clean and well-stocked and the Building & Property have been very well maintained with continual improvements. Clean financials and tax returns on file w/ Broker. First quarter 2019 revenue demonstrates an increase by nearly 7% and net income by 27% over same time period last year. Owner has operated the business for decades and is ready to retire, but is willing to assist in a successful transition to a new owner-investor. This unique opportunity is to be sold as a package, Seller will not sell business separately. Required meeting w/ Broker to sign NDA for further information.

About the Business

Year Established:
1977
Number of Employees:
45
Real Estate:
Owned
Building Sq. Ft.:
6,300
Market Outlook/
Competition:
This business captures freeway traffic, nearby hotel guests, locals and visitors. Great reputation, friendly customer service and consistently good food.
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About the Sale

Reason For Selling:
Retirement
Training/Support:
As Needed

Listing Info

ID:
1598716
Ad Detail Views:
0

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$
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Business Listed by

Denise Yardy, CBI, CBB

Long Realty Business Brokerage
License# BR109157000

 Show Phone Number

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Certifications:

U.S. Census Data for Pima County, AZ
Age

Gender

Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Pima County, AZ
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Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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