37585 – All-Inclusive Landmark Restaurant in Arizona
For Sale in
Financial & Assets Details
About the Business
Located off of Route 66, this restaurant specializes in steaks, prime rib, and seafood, and features a full-service bar offering cocktails, beer and wine. With a seating capacity over 140, the 5,500-square foot facility features a dining room, bar, kitchen, walk-in refrigerator and freezer, and an office. Located in Coconino County, Arizona, the property is valued around $1,000,000 and included in the listed price. Offering food services requires a County and State Board of Health License, Liquor License and seven service personnel. The company has a proven track record supported by 73 years of ongoing business. With its broad selection of menu items and ideal location, the marketing efforts focus on targeting tourists and locals within a 100-mile radius. Revenues have been increasing over the past four years due to an improving economy. Last year, the total revenue was $1,027,053, with Seller’s Discretionary Earnings of $90,000, rounded. It should be noted, profit margins are projected to be above industry standard this year with restaurant pricing adjustment. With a large customer base and solid reputation, the company continues to attract new customers while maintaining its reputation with existing ones.
Negotiable for the right buyer
Support & Training
The owner will be available as needed for a standard transitioning period.
Reason for Selling: