For Sale
$550,000

0 Phoenix! Incredible Iconic Profitable Italian Restaurant For SalePhoenix, AZ 85028

Iconic, profitable, established eatery.

Overview

Added:
Dec 11, 2024
Days on market:
119
This exceptional Italian restaurant, established in 1985, presents a rare opportunity for ownership in a beloved Phoenix dining destination. Boasting nearly $200,000 in seller discretionary earnings, this 1,800 square foot establishment has cultivated a loyal following and a stellar reputation for its impeccable cuisine and elegant ambiance. The restaurant's success is built on a foundation of locally sourced, fresh ingredients, meticulously crafted recipes (included in the sale), and a commitment to exceptional customer service. Generations of families have dined here, creating a rich history and strong community ties. Featured in local publications, the restaurant enjoys a prime location in Phoenix (zip code 85028), with low rent and easy freeway access. The fully equipped kitchen includes a 12-foot hood, walk-in freezer, and all necessary equipment to maintain high culinary standards. A beautiful wine room and bar add to the sophisticated atmosphere. The sale includes all furniture, fixtures, equipment, and recipes. One week of owner training is provided to ensure a smooth transition. The current owner is retiring after nearly 40 years of success and is ready to pass the torch to a passionate chef or restaurateur. This turn-key operation offers significant growth potential by expanding operating hours and exploring catering opportunities. The restaurant currently employs 12 people and operates five days a week. The asking price is $550,000. This is a truly remarkable opportunity to acquire a highly profitable and respected restaurant with a loyal customer base and exceptional reputation.

Highlights

  • Established in 1985, this Phoenix Italian restaurant offers a rare ownership opportunity.
  • Seller discretionary earnings are nearly $200,000.
  • The 1,800 sq ft restaurant is leased, with low rent and easy freeway access.
  • Asking price is $550,000; includes all FF&E and recipes.
  • The sale includes one week of owner training.

Property Details for 0 Phoenix! Incredible Iconic Profitable Italian Restaurant For Sale

Property type
Retail properties, Restaurants
Square Feet
1,800 SF
Year Built
1985

Location Insight

City
Phoenix
County
Maricopa
State
Arizona
Latitude
33.5725815
Longitude
-112.0118669
Phoenix! Incredible Iconic Profitable Italian Restaurant For Sale, Phoenix, Arizona

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