Iconic Phoenix Italian 20 Hrs a Week and Over $170K in Profits

Asking Price$399,888

Cash Flow

EBITDANot Disclosed

Gross Revenue$1,042,219

InventoryNot Disclosed

FF&ENot Disclosed

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Iconic Phoenix Italian 20 Hrs a Week and Over $170K in Profits


Asking Price$399,888

Cash Flow

EBITDANot Disclosed

Gross Revenue$1,042,219

InventoryNot Disclosed

FF&ENot Disclosed

Business Description
Own a Phoenix Legend — 40 Years of Profits, Only 20 Hours a Week

What if you could own one of Phoenix's most iconic restaurants — one that practically runs itself — and still have a life?

This white tablecloth Italian institution has been packing tables since 1985. It generates over $170,000 in Seller Discretionary Earnings while operating just 20 hours per week — and it's closed entirely for six weeks every summer. That's not a typo. The numbers are real, and the lifestyle is even better.

Why buyers love this opportunity:

• Cash flow from day one. Nearly four decades of loyal guests, glowing reviews, and a reputation that does your marketing for you. Hundreds of near 5 star reviews already in place.

• A turnkey operation. Every recipe, perfected over 40 years of scratch cooking, transfers with the sale. The current owner provides hands on training to ensure a seamless transition.

• Low overhead, prime location. Strategically situated in a vibrant Phoenix neighborhood with below market rent — a combination that's nearly impossible to find in today's market.

• The ambiance is already built. A stunning wine room, full bar, elegant dining room, and a fully equipped kitchen are all included with the furniture, fixtures, and equipment.

• A built in community. Generations of families have celebrated milestones here. Tourists seek it out. Local press has featured it. You're not just buying a restaurant — you're inheriting a Phoenix tradition.

The owner — a deeply respected figure in the community — is ready to retire after 40 years of passion and profitability. This is a rare, once in a career chance to step into something already extraordinary.

Whether you're an experienced restaurateur looking for a proven concept or a chef ready to own your craft, this is the opportunity that doesn't come twice.

$170K in earnings. 20 hours a week. 40 years of goodwill. All yours.

Contact us today — opportunities like this don't last.
About the Business
Years in Operation
41
Employees
12 (7 Full-time, 5 Part-time)
Facilities & Assets
12 ft hood, walk in freezer, Toaster, 2 sandwich tables with cooler and lids, Office, Office Chair, Liquor cage, 3 refrigerators by back area office, 2 compartment stand up freezer, 2 door clear glass fridge, espresso machine, coffee maker, shelving, single glass door refrigerator, 12 burner stove, 1 refrigerator with 4 burner grill on top, 1 fryer, grill, pots, pans, 2 tables in kitchen, hot burners, 3 compartment sink, sink sprayer, floor mats, various cambros with various shapes and sizes, various ladles, various containers, plates, dishes, glassw...
Website
https://www.wesellrestaurants.com
Market Outlook / Competition
There are no other restaurants in the center and there is excellent visibility from the very busy street.
Opportunities for Growth
The new owner can add brunch and lunch on the weekends. The new owner can also and open more hours during the week. Adding take out and doing catering could also bring in more revenue.
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
1,800
Rent
$3,804.00 per month
Lease Expiration
5/1/2030
About the Sale
Seller Motivation
Retirement
Transition Support
Two weeks training.
Listing Info
ID
2413712
Listing Views
1110

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Business Listed by: Doreen Gorman We Sell Restaurants

Listing ID: 2413712 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.