OWN A PIECE OF THE EXTRAVAGANT LIFE STYLE OF SCOTTSDALE WITH THIS FINE DINING RESTAURANT WITH AN AMAZING BAR! REAL ESTATE IS INCLUDED IN THE PRICE!
This fine dining restaurant has operated for 8 years and features some of the best service and food in the area. The average household income in the area is nearly $150,000. This is also a great tourist restaurant as well with a major 5 star hotel next door.
The kitchen is fully staff and well trained to prepare fine dining and if they chose will stay with the new owner. Most of the kitchen staff has worked for the owner for 20+ years. The front of the house is also well trained and staffed with a manager.
The restaurant is open 6 days a week dinner only. Grow the business by opening 7 days as well as doing catering and events.
There are 18 part time employees.
FINANCIALS: The financials are stellar! Solid tax returns for several years show an adjusted net of $541,000 for 2015 before any debt servicing for the business and real estate debt servicing.
The average patron spends more than $100 per person with many spending far more than that as the wine and liquor selection is rare and pricey.
REAL ESTATE: The real estate is included in the price. The building is apprx. 4,600 Sq. Ft. according to records, although this broker walked-off the building at 80 feet x 80 feet, which is 6,400 Sq. Ft. The building is immaculately built-out with tasteful wood paneling and granite throughout plus a building wine cellar. The kitchen is so clean, you'd think you were in a surgery room. The bar area is spectacularly sexy and quaint, providing plenty of seating and an atmosphere that certainly is unique and perfect for people meeting each other. There is a large upstairs office and storage space.
BUSINESS: The margins are great! Pour and Food costs are 25% in 2014 while labor costs are 19%. The manager IS NOT added back to the income being presented.
SBA LOAN: An SBA loan can be obtained to purchase the real estate and business with approximately 15-20% down of the buyer has great credit, solid restaurant experience and plenty of cash for the down payment and working capital.
Please go to SellingRestaurants.com to get the name and address of this business.This is a Paramount Restaurant Brokers, Inc. DBA SellingRestaurants.com listing.
|2014 Total Population||15,527|
|2010 Number Of Households||4,892|
|2010 Persons Per Household||2.30|
|Median House Value||$619,600|
|Income Per Household||$125,884|
|2009 Number Of Businesses||412|
|2012 Number Of Employees||7,158|
|2012 Total Annual Payroll||$113,915,000|
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