For Sale
$495,000

0 Family Owned Cafe For Sale In Phoenix With $193K Owner Benefit!Phoenix, AZ 85012

Established cafe, high profits, immediate income.

Overview

Added:
Dec 11, 2024
Days on market:
116
This thriving Phoenix cafe, established in 1996, presents a unique turnkey opportunity for a new owner. Boasting 3,000 square feet of space in a leased location (lease expiring July 30, 2025, with a three-year option available), this well-established business generates nearly $200,000 in annual profit from breakfast and lunch service, supplemented by a robust catering operation. The asking price is $495,000, and the sale includes all existing equipment, which is extensive and well-maintained. Features include a 24-foot hood system, multiple stainless steel prep tables, ovens, grills, a walk-in refrigerator and freezer, ample seating, and point-of-sale systems. The cafe is situated in a high-visibility location within a professional building, attracting a loyal customer base from both residential and commercial areas. The current owners, retiring after 28 years, will provide two weeks of training and support to ensure a smooth transition. This is a rare chance to acquire a profitable, well-regarded business with significant growth potential, including the possibility of expanding hours and marketing to a wider customer base. The business employs nine people. The lease rate is $4,800 per month. Inventory is not included in the asking price. Seller financing is not available.

Highlights

  • Asset sale; asking price $495,000.
  • Gross revenue: $666,907; cash flow: $193,597.
  • Inventory not included.
  • Leased real estate; 3,000 square feet.
  • No seller financing.
  • Fully equipped restaurant; includes all kitchen equipment (hood, ovens, refrigeration, prep tables, etc.).

Property Details for 0 Family Owned Cafe For Sale In Phoenix With $193K Owner Benefit!

Property type
Retail properties, Restaurants
Square Feet
3,000 SF
Year Built
1996

Location Insight

City
Phoenix
County
Maricopa
State
Arizona
Latitude
33.5114334
Longitude
-112.0685027
Family Owned Cafe For Sale In Phoenix With $193K Owner Benefit!, Phoenix, Arizona

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0 Family Owned Cafe For Sale In Phoenix With $193K Owner Benefit!
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