Scottsdale Restaurants For Sale
Phoenix Restaurants For Sale
Franchise Sports Bar and Restaurant in North Phoenix/Scottsdale/PV
MAJOR SPORTS BAR IN PRIME LOCATION
Located on the boarder of Pleasant Valley, Scottsdale and North Phoenix this franchise sports bar features a nearly new interior build-out. It has a large bar area with plenty of big screens for the sports fans and a separate dining area that includes a large outside patio. It servies hard liquor as well as beer and wine around a large rectangular bar.
Keep the franchise or get rid of it! The owner has franchise approval to terminate the franchise, so do whatever you like.
The kitchen and seating was designed to do at least twice the volume it's doing today and with the right marketing, this could be the steal of the decade giving the owner a very profitable restaurant.
But at this price don't expect profit. This is a million dollar plus building out. Current monthly gross sales are running between $115,000 and $125,000. Even with the current rent, a good operator ought to make money from those numbers. It's not making money right now due to high food costs (39%) and high pour costs (28%). Take food costs to 25% and Pour costs to 22% and you'll be adding annual profit of $120,000 immediately based on the current revenues.
The building sits by itself right on a MAJOR street with tens of thousands of cars diving in front of this restaurant each day. There is plenty of large shopping center parking, so you won't have a parking issue here. The building is 5,200 Sq. Ft. with a large outside patio. The monthly rent including NNN/CAM is $11,609.
You'll need to have lots of successful sports bar experience as well as good credit to purchase this facility. This isn't a first-timers place, unless you've got millions in the bank to learn the business and pay the rent!
Give me a call or visit our website at SellingRestaurants dot com for name and address of this listing.
Broker Mel Jones DRE License #CA00893362 and AZ BR634507000
Lease
Phoenix Restaurants For Sale
Financials
Operations
11am - 10pm Friday and Saturday
Facilities
Highlights
- AAA SPORTS BAR LOCATION
- STAND ALONE BUILDING IN MAJOR CENTER
- LARGE BAR AREA
- NEARLY NEW FURNISHINGS
- LARGE PRODUCTION KITCHEN
- MONTHLY GROSS $115k to $125K
- HIGH FOOD AND POUR COSTS
Financing
Demographics
| Population | 1-mi. | 3-mi. | 5-mi |
|---|---|---|---|
| 2014 Total Population | 70,153 | 119,432 | 276,663 |
| Households | 1-mi. | 3-mi. | 5-mi |
| 2010 Number Of Households | 25,991 | 46,587 | 107,972 |
| 2010 Persons Per Household | 2.49 | 2.38 | 2.37 |
| Median House Value | $156,100 | $165,296 | $215,816 |
| Income Per Household | $48,461 | $47,199 | $61,795 |
| Businesses | 1-mi. | 3-mi. | 5-mi |
| 2009 Number Of Businesses | 1,548 | 2,304 | 7,205 |
| 2012 Number Of Employees | 34,598 | 48,204 | 164,786 |
| 2012 Total Annual Payroll | $495,918,000 | $699,805,000 | $3,280,166,000 |
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.