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AZ Business Brokers

Upscale Italian Bistro In Arizona For Sale

Arizona, US
Asking Price:
$159,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$800,000 (USD)
Cash Flow:
$70,000 (USD)

This award winning and well-known Italian Bistro in the East Valley has been open since the mid 90s and has an established clientele and excellent reviews. Over a 25 year history, this establishment has won numerous accolades and been the subject of many food and wine print articles. The beautiful interior has a modern decor with a full-bar and upscale furnishings. This eatery is located on the end cap of a busy shopping center in an affluent suburb at a major intersection. This restaurant also has a fabulous tree-lined patio with seating for 60 that is frequently rented out for rehearsal dinners and other gatherings. There is a General Manager and Chef in place who run the business while the seller only pops in about 3-4 nights a week. This profitable, turn-key restaurant comes with all of the kitchen equipment, staff, place settings, decor, furniture, etc. This business has consistently generated $800,000-$950,000 per year in sales. This bistro is well-regarded not only for their dinner specials but also for their numerous wine-tasting and wine related events. In addition to the restaurant revenue, this business generates a significant amount of Catering sales. After 25 years in the business, the seller is ready to retire and do something new but is looking for the right buyer to take over this well-run restaurant and continue his success. All inquiring parties will be required to sign a confidentiality agreement before receiving any additional information.

Property Information

Real Estate:

Lease

Lease Terms:

lease ends: 8/31/2024

Leasehold Rent:

$60,000 (USD) per annum

Size in square feet:
2,100

Business Operation

Reasons for selling:

Retiring

Trading hours:

11a-10p, 7 days/week

Employees:
10
Years established:
24

Other Information

Support & training:

2 weeks

Furniture / Fixtures value:
$50,000 (USD) - included in the asking price
Inventory / Stock value:
$2,000 (USD) - included in the asking price

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