Scottsdale Restaurants For Sale
Phoenix Restaurants For Sale
Hot Scottsdale Location Burger Franchise For Sale
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This is a turn-a-round restaurant opportunity with a great history. The owner operates this restaurant from 2,500 miles away and a on-site owner is needed. Sales so far this year are up 5.5% and should be over $1 million
HISTORY: This American diner franchise has been around for nearly 30 years. Its award winning burgers and shakes keep people coming back for more and the brand recognition in Arizona is second to none. This is an Arizona Icon!
PROFIT & LOSS: The 2017 revenue were $986,000. This business lost about $70,000 including the royalties paid. This store paid $42,000 in royalties in 2017. You can de-brand the store or you can continue with the franchise.
MENU: This is American comfort food menu served in a diner style environment that's fun and stimulating with service that's second to none. The food is fantastic, fresh, flavorful and visually very appealing, causing people to crave it and come back for more. This family oriented concept has price competitive menu and this author believes there is room to move prices up as there is little competition for thus style of food and entertainment in the area.
LEASE: Lease Expires on November 2019 plus two 10 Year option. So you have this place at least til 2039. Monthly rent is including NNN/CAM is about $15,600.
GROW THE BUSINESS: I have frequented restaurant for many years. First, the product is very good with large portions and fair prices. There is some room for price movement as this store is in up-scale location where consumers aren't as price sensitive as other areas. Second, add a liquor license to serve beer and wine driving more traffic to this location. Liquor Licenses don't cost too much in Arizona. Third, give the stores a little face lift and a good cleaning. Absentee operation often lack the owner's pride effect, not that the store is dirty per se, it's just the details needing attention. Fourth, there is a full food truck included with the business that is underutilized. That needs to be marketed better to push for more catering business, parties and special events.
Broker of Record Rob Tade DRE License #01339409
Lease
Phoenix Restaurants For Sale
Financials
Operations
Facilities
Highlights
- Prime Location Next to Biltmore
- Nearly 30 Years at this Location
- Put a Beer & Wine and BOOM!
- Great Tax Returns
- SBA Loan
Financing
Demographics
| Population | 1-mi. | 3-mi. | 5-mi |
|---|---|---|---|
| 2014 Total Population | 17,770 | 84,286 | 171,202 |
| Households | 1-mi. | 3-mi. | 5-mi |
| 2010 Number Of Households | 8,178 | 38,060 | 73,978 |
| 2010 Persons Per Household | 1.94 | 1.93 | 2.07 |
| Median House Value | $250,200 | $297,100 | $354,051 |
| Income Per Household | $59,358 | $58,571 | $60,036 |
| Businesses | 1-mi. | 3-mi. | 5-mi |
| 2009 Number Of Businesses | 607 | 4,297 | 7,089 |
| 2012 Number Of Employees | 14,828 | 123,292 | 198,560 |
| 2012 Total Annual Payroll | $368,058,000 | $2,956,469,000 | $4,294,967,295 |
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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.