Selling Restaurant
See More
About Us
Contact Us
Search Selling Restaurants Listings
#2174
Tempe Restaurants For Sale

Full Service Restaurant with Hard Liquor, Bar, Patio

$200,000
Full Service Restaurant with Hard Liquor, Bar, Patio
This Listing is Expired
SellingRestaurants is proud to present this unique opportunity to take over this fantastic European restaurant with a long history of success. If you've been thinking about moving to some of the best weather in the world, then you've got to look at this restaurant nestled in a wealthy area just minutes from Scottsdale Arizona. The broker can't mention the type of European restaurant as it would give away who the seller is.

The owner is ready to hang it up and retire after a lifetime of serving the best European food in an upscale neigborhood near the Scottsdale area. He is not the main chef any longer. So the recipes come with the restaurant.

His retaurant has won award after award and is now ready for someone to take it to even higher levels. The kitchen is fully staff and trained to make this style of European food and the owner will always help the new owner in the transition as he has a vested interest in your success - he'll be your landlord!

Or if you want to blow this concept away and you're looking for a great restaurant space in the wonderful area just north of Scottsdale, then take a closer look at this Jewel in the desert.

The owner of the business owns the real estate as well as the business and is willing to negotiate a fair lease for the property to make you successful.

There are more than 5,000 Sq. Ft. in this single story building. As one walks into the restaurant, there is a small bar area serving spirits, wine and beer along with a fireplace in the same room. It is very charming. So all you need to do is bring your great personality and restaurant operations experience and buy this gold mine of a restaurant.

Sales have been strong despite the bad economy. Not too long ago this restaurant was close to $1 million a year. And there is nothing to make one think it can't happen again as the restaurant needs a young marketing mind to take it over and as the economy begins to grow again. The sales in 2009 were $600,000. Tax Returns are available for review.

There is plenty of parking with room for at least 50 cars. The building sits on the nearly one acre of real estate. There is an outside patio to enjoy the nearly 9 months of outside business one can get in this area.

The seller, who is a wonderful man, is very motivated to sell this fantastic restaurant because frankly, he's getting up there in his age and he wants to see someone continue on with his wonderful restaurant and staff.

So don't miss this jewel of the desert because it won't last long.
This is a Stone Path Brokerage Services, Inc. DBA Selling Restaurants San Diego listing.
Broker of Record Rob Tade DRE License #01339409

Lease

Region:
Tempe Restaurants For Sale
Lease Term:
New Lease for 5 years + 5 Year Option
Total Monthly Rent:
$5,500

Financials

Last Year's Annual Gross:
$600,000

Operations

Liquor License:
12
# of Full-Time Employees:
6
# of Part-Time Employees:
1
Hours Open:
Closed Monday
Open 11:30-3:00
Dinner 5-10pm
Year Established:
1995
Hood System Type 1:
Yes

Facilities

Indoor Seating:
150
Outdoor Seating:
40
# of Parking Spots:
50
Inside Sq. Ft.:
5,000
Outside Sq. Ft.:
500

Highlights

  • AAA Upscale European Restaurant
  • Trained Kitchen Staff
  • Wonderful Food!
  • New Lease with Great Terms!
  • Full Bar
  • Plenty of Parking
  • Banquet Room
  • Plenty of Marketing Opportunity to Grow Sales
  • Wealthy Area Just North of Scottsdale
  • WOW! What a Kitchen - Design for Major Volume!
  • Owner is Retiring area many, many years in the business

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
No

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 28,938 28,938 42,080
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 10,504 12,004 16,760
2010 Persons Per Household 2.56 2.49 2.46
Median House Value $368,500 $406,462 $462,972
Income Per Household $88,938 $86,650 $90,534
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 744 950 1,193
2012 Number Of Employees 9,084 12,574 15,444
2012 Total Annual Payroll $126,123,000 $188,189,000 $247,140,000

click for more demographic info

Disclaimer

Notice: The User (that's you reading this) of this Website understands that STONE PATH BROKERAGE SERVICES CORPORATION ("Broker") or its agent(s) do not audit or verify any above information given to or gathered by Broker or its agent(s) from Seller, our Client, or make any warranties or representations as to its accuracy or completeness of the information provided, nor in any way guarantee future business performance. The User should perform a complete and detailed due diligence on the business and or real estate before buying it.  In some cases, forward looking statements may have been made but these statements are absolutely no guarantees of future performance of the business as each User has differing skills sets to either grow the business or kill the business.  Owning a business is a risky venture, but can also be a rewarding one.  The User of this website is solely responsible to examine and investigate the Business and or real estate, its assets, liabilities, financial statements, tax returns, and any other facts which might influence the User's purchase decision or the price the User is willing to pay. Any decision by User to purchase the Business shall be based solely on User's own investigation and that of User's legal, tax, and other advisors and not that of Broker or its agent(s). Any listing information may change at any time without any notice to User. DRE License # 01339409.


Terms Of Use     © 2024