Payson Restaurant + Real Estate with a View - 5 Star Ratings

Asking Price$670,000

Cash Flow
$164,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$637,250

Inventory$4,500
Included in asking price
FF&E$195,000
Included in asking price
Real Estate$325,000
Included in asking price
listing imageSave

Payson Restaurant + Real Estate with a View - 5 Star Ratings


Asking Price$670,000

Cash Flow
$164,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$637,250

Inventory$4,500
Included in asking price
FF&E$195,000
Included in asking price
Real Estate$325,000
Included in asking price
Business Description
This destination restaurant off a main street in Payson, Arizona draws loyal customers for their ever changing menu. Offering dinner seating Thursday through Sunday and weekend brunch, this intimate restaurant grosses ~ $35k monthly revenue. Close to $700,000 gross sales annually open 4 days per week. Outdoor seating includes two separate decks for dining or congregating over drinks. Large shade trees keep the area cool during the summer while outdoor smoking and grilling is active 12 months per year.
Sellers are extremely flexible for the right Chef interesting in this offering. Purchase the business and lease the Real Estate or buy the business and property. They are motivated and flexible to get the right deal done for the Chef who is interested in this opportunity.
This is a confidential sale so please reach out to broker for NDA.
About the Business
Years in Operation
10
Number of Employees
7
Facilities & Assets
Real Estate***Turnkey restaurant. Excellent location--free-standing building, fully renovated, beautifully furnished, All NEW equipment/grease trap/vent hood*** all pro-grade NSF equipment + furniture + inventory, hard and soft goods. Nearly 1100 sq. ft on .33 acres; prime location near Green Valley Park, in the historic district of downtown Payson. The building has had a full renovation.
Market Outlook / Competition
This is a destination dining experience, that is why it has been successful for 10 years.
Opportunities for Growth
Current restaurant only open 4 days per week. There is a big upside to a new owner being open 5 or 6 days a week for lunch and dinner. Current Restaurant generates close to $700,000 in gross revenues being open 4 days per week.
Real Estate
Owned or Leased
Owned
Included in asking price
Building Sq. Ft.
1,200
About the Sale
Seller Motivation
Chef is retiring and will train new owner or bring your own concept
Transition Support
New electrical, plumbing, central heat/AC, new bathroom, parking, and garden area. The fully outfitted commercial kitchen includes a state-of-the-art vent vent-hood and grease trap and all NSF equipment. Great C1 zoning allows for MIXED USE and/or LIVE/WORK. *** Restaurant Group, owner/operator, or investors: build on an existing winning concept or modify it for your
Listing Info
ID
2364538
Listing Views
562

Contact Seller

By clicking the button, you agree to BizQuest's Terms of Use and Privacy Notice.

Business Listed by: Michael Gaida NAI Horizon

Listing ID: 2364538 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.