Turnkey Restaurant with superior location for sale

Asking Price$350,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross RevenueNot Disclosed

InventoryNot Disclosed

FF&E$400,000
Included in asking price
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Turnkey Restaurant with superior location for sale


Asking Price$350,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross RevenueNot Disclosed

InventoryNot Disclosed

FF&E$400,000
Included in asking price
Business Description
This restaurant has a 45 year history and is turnkey ready for new ownership or utilize the high visibility to bring a new concept to the market.

The restaurant is in a premier location on a main road which is traveled by 70% of tourists visiting Flagstaff. There are several large hotels and student housing projects nearby, providing excellent walk-in traffic. It is also one of the few places in the area with front and rear parking for customers and tour buses. In the full-service lounge customers can enjoy their favorite sports or play their favorite tunes on the jukebox while they relax playing a game of pool.
The restaurant is in a leased location with current monthly base rent of $8,760 plus NNN expenses of roughly $4,300/month. The space consists of 3,420 sq ft in the restaurant and 3,150 square feet in the bar/lounge. The lease is currently operating on a month to month basis and a new long term lease will be presented to the buyer for approval with an effective date that commences with the purchase.
The business holds a Coconino County Class 12 restaurant liquor license. Upon purchase, the new owner will be required to apply for a transfer to have the license issued in their name.
Please complete and return attached Non Disclosure Agreement for further detailed information.
About the Business
Years in Operation
45
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
6,570
About the Sale
Seller Motivation
Owner wants to concentrate on his primary business.
Transition Support
Owner is willing to provide training during due diligence and transition period.
Listing Info
ID
2390524
Listing Views
535
Attached DocumentsAttachment Disclaimer

Restaurant_and_Lounge.pdf


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Business Listed by: Rob Gerlak Kelly & Call Business Brokerage

Listing ID: 2390524 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.