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#4162
Scottsdale

Casual Italian w/Bar Serving Classical Italian Dishes, Pizza and Salad

$300,000
Sold
Casual Italian w/Bar Serving Classical Italian Dishes, Pizza and Salad
This Listing is Sold

This long established casual Italian restaurant serves the Scottsdale and Paradise Valley area for more than 12 years with great classic Italian dishes as well as pizzas and salads. This is good food!  

It is located in one of the highest sought after retail centers in the area where space is hard to find and surrounded by MONEY, lots of it!  This great location is also perfect for a national chain wanting to get their foot print into Scottsdale area into a prime location that also serves Paradise Valley residence.  Select the "See Demographics" on SellingRestaurants.com to see the wealth in this area.  

YELP: The Yelp reviews are outstanding for this restaurant with the majority of the 140 reviews having 4 and 5 stars. So you'd be taking a well established business. 

KITCHEN: It has an open kitchen with a wood burning brick pizza oven, large hood system with two stoves, deep fryer, char broil grill and a Panini press.  There is a back kitchen containing reach-in coolers, slicer and mixer for prepping the food. 

DINING: The bar is beautiful granite seating about a dozen or more customers.  The inside dining seats about 96 customers and the large patio comfortably sit 24. 

LEASE: There are 3,294 Sq. Ft. inside plus a large 800 Sq. Ft. patio fenced for serving alcohol - a number 12 license. The all-in rent is about $12,600 a month. 

This is an owner operated restaurant with the owner making the pizzas and all the recipes are documents and all the cooks are trained to make the meals.  The owner works 5 days a week. He is retiring after a long, long time in the restaurant business. 

There is a video of the restaurant you can see once you sign the online NDA.

Please go to SellingRestaurants dot com to get more information.  Each Buyer must be qualified prior to name and address being given. 

This is a Paramount Restaurant Brokers, Inc. DBA SellingRestaurants.com listing.
Broker Mel Jones DRE License #CA00893362 and AZ BR634507000

Lease

Region:
Scottsdale
Lease Term:
Expires Sept. 2018 - New Lease For Buyer
Total Monthly Rent:
$13,000
Security Deposit:
$3,259

Financials

Last Year's Annual Gross:
$864,251
Last Year's Owner's Cash Flow:
$178,597

Operations

Liquor License:
12
# of Full-Time Employees:
5
# of Part-Time Employees:
7
# of Family Employees:
2
# of Working Owners:
1
Hours Open:
Mon-Fri: Lunch 11-4;
Mon-Thurs: Dinner 4-9
Fri-Sat: Dinner 4-9:30
Sun: 5-9
Year Established:
2002
Hood System Type 1:
Yes

Facilities

Indoor Seating:
96
Outdoor Seating:
24
# of Parking Spots:
Plenty
Inside Sq. Ft.:
3294
Outside Sq. Ft.:
800

Highlights

  • AMAZING LOCATION!!!
  • Casual Dining!
  • Great Prices!
  • Perfect for a Piano Bar.
  • Upside is to Create a Younger Healthy Menu.
  • Boarders Paradise Valley and Locate in Scottsdale.

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
No
This Listing is Sold

Demographics

Population 3-mi. 5-mi
2014 Total Population 18,470 199,163
Households 3-mi. 5-mi
2010 Number Of Households 6,935 85,870
2010 Persons Per Household 2.45 2.09
Median House Value $1,000,000 $342,933
Income Per Household $109,185 $61,669
Businesses 3-mi. 5-mi
2009 Number Of Businesses 767 9,731
2012 Number Of Employees 18,098 284,606
2012 Total Annual Payroll $460,483,000 $4,294,967,295

click for more demographic info

Disclaimer

Notice: The User (that's you reading this) of this Website understands that Paramount Restaurant Brokers, Inc. ("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.


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