Hot Listing

$400,000 NET Absentee-Run Westgate Bar w/ #6 License!

Asking Price$700,000

Cash Flow
$400,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$1,500,000

InventoryNot Disclosed

FF&E$150,000
Included in asking price
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Hot Listing

$400,000 NET Absentee-Run Westgate Bar w/ #6 License!


Asking Price$700,000

Cash Flow
$400,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$1,500,000

InventoryNot Disclosed

FF&E$150,000
Included in asking price

Seller Financing Available
Business Description
Hurry up this will go quick especially since it is absentee-run. This bar sits right in the heart of the Westgate Entertainment District which is very busy part of the West Valley near the Cardinals Stadium and Casino and the soon to open new large amusement park and resort and has tons of traffic as it has perfect placement in the heart of Westgate. The owner oversees the operation and the new owner should have no problem doing the same. The buildout costed over $500,000. You have the Fiesta Bowl and the Cardinals Season and Concerts in the Arena within walking distance. The Bar also boasts a wide selection of live entertainment as well that bring in great revenue. The lease is amazing for being priced so well for the location and long-term with 6 years remaining and a 5 year option at only $22,000 with all CAMS included for a total of 6000 sq.ft. which is way below the market in the whole complex and area in general. This Bar has a full bar and a lots of TV'S and seating a wrap-around bar in center and seats over 150 people inside. It has been recently renovated and has a large 6000 sq.ft interior with large kitchen and bar. This is truly turn-key and this is the prime time to buy as the busy season is just beginning. All the numbers are provable through the point of sale system during the due diligence period, also the financials will be provided after an NDA is signed. Seller is offering great seller financing terms with $500,000 down and $200,000 over 3 years at 7%. This will go quick as all true perfect location bars with a #6 license and with the great price and with no other spaces available in Westgate.
About the Business
Facilities & Assets
6000 Sq.ft. suite in the Heart of Westgate
Opportunities for Growth
Tons of room for growth with more time and online marketing and also run it yourself.
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
6,000
Rent
$22,000.00 per month
Lease Expiration
1/1/2031
About the Sale
Transition Support
2 Weeks After Sale
Financing Options
$500,000 down and $200,000 over 3 years at 7%.
Listing Info
ID
2438183
Listing Views
303

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Business Listed by: Mike Darmo American Realty Brokers

Listing ID: 2438183 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.