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#4206
Scottsdale

Scottsdale Fine Dining W/Bar & Real Estate 2015 Adj. Net $541k!

$1,650,000
Sold
Scottsdale Fine Dining W/Bar & Real Estate 2015 Adj. Net $541k!
This Listing is Sold

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.
Broker Mel Jones DRE License #CA00893362 and AZ BR634507000

Lease

Region:
Scottsdale
Lease Term:
New Lease

Financials

Last Year's Annual Gross:
$1,380,000
Last Year's Owner's Cash Flow:
$541,000

Operations

Liquor License:
12
# of Part-Time Employees:
18
# of Working Owners:
1
Hours Open:
Dinner Only.
Monday - Saturday 4:30-Until Close
Close Sundays.
Year Established:
2007
Hood System Type 1:
Yes

Facilities

Indoor Seating:
124
Outdoor Seating:
30
# of Parking Spots:
plenty
Inside Sq. Ft.:
4600
Outside Sq. Ft.:
1200

Highlights

  • Exceptional Quality
  • Very High End
  • High Average Plate
  • Exrta-Ordinary Wine and Liquor Selection
  • Approx. $300,000 in wine and Liquor Inventory

Financing

Down Payment:
$250,000
Will SBA Finance:
No
Will Seller Lend To Buyer:
No
This Listing is Sold

Demographics

Population 5-mi
2014 Total Population 15,527
Households 5-mi
2010 Number Of Households 4,892
2010 Persons Per Household 2.30
Median House Value $619,600
Income Per Household $125,884
Businesses 5-mi
2009 Number Of Businesses 412
2012 Number Of Employees 7,158
2012 Total Annual Payroll $113,915,000

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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