Bargain Priced High Cash Flow Italian Restaurant

One of Phoenix, Arizona's most successful Italian restaurants, this business scores high on food and service and cash flow. This very successful restaurant has been in business for over 20 years and its menu and quality of service has garnered a customer base that extends across the Phoenix metro area. Attributes of its long term success are proven sales, profit levels and 2021 SDE will be well over $500,000 plus the all important high quality food and service. This is an Award Winner. Open 7 days per week for lunch and dinner, it has a restaurant liquor license and full premium stocked bar. All facets are in place for the Buyer to continue the winning tradition of Italian food and service. Pre Approved for SBA 7A loan or seller might consider carrying a portion of the purchase price. Restaurant continued to show profitability during the pandemic despite governmental restrictions on occupancy. Non disclosure agreement and proof of funds required of all inquiries. Price just reduced to $995,000 and 2021 SDE looks like it will be close to $600,000! Now Bargain Priced. NOW IN ESCROW. TAKING BACK UP OFFERS. Location: Maricopa County, Arizona Year Established: 1999 Number of Employees: 40 Real Estate: Leased Building Sq. Ft.: 5,000 Rent: $6,300.00 Per Month Lease Expiration: 12/31/2024 Facilities: The restaurant is notably and constantly being kept in top notch shape. Many upgrades have been made and equipment is replaced when needed. Seller prides himself on clean premises and constant upgrades and improvements. Big kitchen and several dining areas plus full bar. Market Outlook/ Competition: They own the market around them and draw guests from a wider trade area than normal. Great menu and food, great service in this category of restaurants leads to high cash flow and SDE. Not many restaurants in this category can match what they do. Growth & Expansion: Would be possible to do another one in the trade area but that might remove the touch of the on-site owner/operator.