Business Summary:
#12 BAR/RESTAURANT SEATING 100 IS LOCATED IN NORTHWEST PHOENIX. FULLY EQUIPPED KITCHEN INCLUDING HOOD & ANSUL SYSTEM, LARGE WALK-IN COOLER, FLAT TOP GRILL, FRYERS, ETC. THE DOWNPAYMENT IS $125,000. SELLER WILL CARRY THE BALANCE OF $225,000 IN THE FORM OF A NOTE TO BUYER AMORTIZED OVER 7 YEARS INCLUDING 7% INTEREST. THE MONTHLY PAYMENT DUE SELLER FROM BUYER WOULD BE $3,394. SELLER WOULD CONSIDER A CASHOUT OF $250,000.
A RECENT AUDIT BY THE STATE OF ARIZONA DEPARTMENT OF LIQUOR LICENSE & CONTROL DETERMINED THAT THIS BUSINESS WAS GROSSING 45% IN FOOD SALES ABOVE THE 40% FOOD SALES THAT IS REQUIRED FOR A #12 LIQUOR LICENSE. HOURS ARE 10AM-1AM 7 DAYS A WEEK.
THIS IS AN EXCELLENT, WELL ESTABLISHED BUSINESS WITH LOTS OF POTENTIAL FOR GROWTH.
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