For Sale
$1,100,000

2 Iconic Restaurants And Bars For Sale With $2.3 Million In SalesScottsdale, AZ 85251

Iconic Arizona eateries, high profits.

Overview

Added:
Dec 11, 2024
Days on market:
120
This exceptional offering presents two thriving, established restaurants in prime Scottsdale and Phoenix locations. Built in 2018, these complementary businesses boast a combined 2,800 square feet of space, generating over $2.3 million in gross revenue and a substantial cash flow of $658,710. The sale is an asset sale, excluding inventory, and priced at $1,100,000. Both locations benefit from high visibility within busy shopping centers, attracting significant foot traffic. The Scottsdale restaurant operates under a lease expiring in 2029, with potential for extension, while the Phoenix lease terms are negotiable. Monthly rent for both is $9,200. Each location features ample indoor seating for over 100 patrons, complemented by outdoor patio areas. Extensive equipment is included, encompassing kitchen appliances, bar supplies, furniture, and even a unique mascot costume and memorabilia. The sale also includes the Franchise Disclosure Document (FDD) and full franchise rights, offering significant expansion potential. Ten employees currently support operations. The seller, retiring after establishing these successful ventures, will provide two weeks of comprehensive training and support to ensure a smooth transition for the new owner. This turnkey opportunity presents a rare chance to acquire two well-established, high-earning restaurants with significant growth potential.

Highlights

  • $1,100,000 asking price for two established restaurants and bars.
  • Two locations in Scottsdale and Phoenix, Arizona, with excellent visibility and high foot traffic; established in 2018 with 10 employees.
  • Leased properties; Scottsdale lease expires in 2029 (negotiable), Phoenix lease terms negotiable; combined 2,800 square feet, monthly rent $9,200, seating for over 100.
  • Seller offering two weeks of training and support; retirement sale; significant growth potential.
  • Asset sale includes all equipment, a mascot costume, memorabilia, and the Franchise Disclosure Document (FDD) with full franchise rights.

Property Details for 0 2 Iconic Restaurants And Bars For Sale With $2.3 Million In Sales

Property type
Retail properties, Restaurants
Square Feet
2,800 SF
Year Built
2018

Location Insight

City
Scottsdale
County
Maricopa
State
Arizona
Latitude
33.4986286
Longitude
-111.9224398
2 Iconic Restaurants And Bars For Sale With $2.3 Million In Sales, Scottsdale, Arizona

FAQs

What type of property is this?
Retail property - Iconic Arizona eateries, high profits.
Where is the retail property located?
The property is located at 2 Iconic Restaurants And Bars For Sale With $2.3 Million In Sales Scottsdale, AZ.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: $1,100,000 asking price for two established restaurants and bars.; Two locations in Scottsdale and Phoenix, Arizona, with excellent visibility and high foot traffic; established in 2018 with 10 employees.; Leased properties; Scottsdale lease expires in 2029 (negotiable), Phoenix lease terms negotiable; combined 2,800 square feet, monthly rent $9,200, seating for over 100.
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