Verde Valley Breakfast and Lunch Restaurant For Sale

Business description

Very popular breakfast and lunch restaurant with a history of excellent sales and cash flow. Wonderful below market lease, plenty of parking, very visible, in neighborhood center, easy hours for operator, can add dinner and liquor license, recently redecorated, very clean, more than ample equipment, very workable kitchen. Name not included but can be used for up to one year transition period. Great opportunity for owner operator. Priced to sell at less than two times cash flow.

Property information

Real Estate:

Lease

Lease terms:

4250 sq. ft., $3,180 with all charges, lease ends 2010 with one 5 year option.

Location:

Excellent. This is an inline location in a with high volume grocery store as the anchor tenant. Lots of parking, very visible, easy access and egress.

Other information

Expansion potential:

As in all of north central Arizona, the outlook is very good due to the high level of residential development. This center is a focus point for groceries and other retailers in this part of the Verde Valley.

Competition / Market:

Several other restaurants in this neighborhood center. This is the only breakfast and lunch operation there. Some fast food about three miles away and several full service places about one half mile away.

Support & training:

Two weeks.

Reasons for selling:

Owners no longer wish to be in the restaurant business.

Trading hours:

6 AM to 2 PM

Furniture / Fixtures value:

$98,500 (included in the asking price)