All-Inclusive Landmark Restaurant in Arizona (37585)
RestaurantsFor Sale in AZ
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.
Financing can be negotiable for the appropriate buyer.
Property comes included within the Asking Price.
Support & Training
The owner will be available as needed for a standard transitioning period.
Reason for Selling: