Italian Restaurant and Bar
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ITALIAN RESTAURANT AND BAR - PHOENIX, AZ
Established Italian restaurant and bar offering a prime turnkey opportunity in Phoenix's competitive dining market. Operating successfully since 2003 at the same location, this 2,800 square foot establishment has built a loyal customer base and strong community reputation over 22 years.
FINANCIAL PERFORMANCE:
• Annual Revenue: $880,000
• Established profitability with consistent year-over-year performance
• Strong financial history available to qualified buyers
• Inventory valued at $9,500
OPERATIONS:
• Full-service Italian restaurant with modern cuisine menu
• Complete bar service with full liquor, beer and wine license
• Private dining room for events and holiday parties
• Thriving off-premise catering business
• Recently remodeled facility with inviting atmosphere
• Fully equipped commercial kitchen designed for high-volume service
STAFFING & TRANSITION:
• Nearly half of employees have 15+ years tenure
• Cross-trained staff across multiple positions
• Owner will provide 3 weeks post-sale guidance
• Seamless transition with established team in place
MARKET POSITION:
• Exceptional online reputation: 6,000 reviews averaging 4.5 stars
• Solid repeat customer base with regular supporters
• Strong social media presence and marketing assets
• Proven expansion potential throughout Phoenix valley
LEASE TERMS:
• Monthly rent: $6,500
• Lease expires: September 30, 2028
• Excellent lease terms with established location
FINANCING:
• Asking Price: $345,000
• Seller financing available: $95,000 at 6.5% interest, 5-year term
• Required down payment: $250,000
• Business lien secures seller financing
Reason for sale: Owner retiring and relocating out of Arizona. This turnkey opportunity offers immediate cash flow with growth potential for experienced restaurateurs or qualified first-time owners seeking an established, profitable business in Phoenix's thriving dining scene.
Established Italian restaurant and bar offering a prime turnkey opportunity in Phoenix's competitive dining market. Operating successfully since 2003 at the same location, this 2,800 square foot establishment has built a loyal customer base and strong community reputation over 22 years.
FINANCIAL PERFORMANCE:
• Annual Revenue: $880,000
• Established profitability with consistent year-over-year performance
• Strong financial history available to qualified buyers
• Inventory valued at $9,500
OPERATIONS:
• Full-service Italian restaurant with modern cuisine menu
• Complete bar service with full liquor, beer and wine license
• Private dining room for events and holiday parties
• Thriving off-premise catering business
• Recently remodeled facility with inviting atmosphere
• Fully equipped commercial kitchen designed for high-volume service
STAFFING & TRANSITION:
• Nearly half of employees have 15+ years tenure
• Cross-trained staff across multiple positions
• Owner will provide 3 weeks post-sale guidance
• Seamless transition with established team in place
MARKET POSITION:
• Exceptional online reputation: 6,000 reviews averaging 4.5 stars
• Solid repeat customer base with regular supporters
• Strong social media presence and marketing assets
• Proven expansion potential throughout Phoenix valley
LEASE TERMS:
• Monthly rent: $6,500
• Lease expires: September 30, 2028
• Excellent lease terms with established location
FINANCING:
• Asking Price: $345,000
• Seller financing available: $95,000 at 6.5% interest, 5-year term
• Required down payment: $250,000
• Business lien secures seller financing
Reason for sale: Owner retiring and relocating out of Arizona. This turnkey opportunity offers immediate cash flow with growth potential for experienced restaurateurs or qualified first-time owners seeking an established, profitable business in Phoenix's thriving dining scene.
About the Business
- Years in Operation
- 22
- Employees
- 11 (1 Full-time, 10 Part-time)
- Facilities & Assets
- Owner managed full service Italian Restaurant and Bar with Real wood/gas fire Pizza oven.Hours of operation 5pm-9pm 7 days a week (only 4 hours a night). All fixtures and furniture is paid off (except leased dishwasher and soda guns system from CocaCola) convey with the purchase. Lease till Sept,2028. It can easily be renegotiated for extension.
- Market Outlook / Competition
- We have a solid group of customers that supports us regularly. We have great off premise catering business, in house private room events and holiday parties every year. They are repeat customers as well as new ones.
- Opportunities for Growth
- Being in business for a long time it has a proven history , it can easily be expanded to other parts of the valley. We have a great following and great many positive reviews on line. For example 6000 reviews 4.5 stars. We believe that shows how much we care of what we do.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 2,800
- Rent
- $6,500.00 per month
- Lease Expiration
- 10/1/2028
About the Sale
- Seller Motivation
- Owner retiring and moving out of Arizona.
- Transition Support
- Almost half the employees have been working with us for the last 15 years. Owner or appointee will stay on to guide the new owners for 3 weeks from a successful close of escrow. ( almost half the employees cross trained in different positions) It will be an easy transition.
- Financing Options
- Buyer down $250K, seller will carry $95K w 6.5% int 5yr with lean on business
Listing Info
- ID
- 2439760
- Listing Views
- 25
Listing ID: 2439760 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.
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