Restaurants For Sale in Phoenix Arizona

This is no doubt one of the rarest restaurant properties available in the Phoenix Metro Area with sweeping city views, amazing sunsets, spectacular Superstitious mountains framing the sky and all nestled on the side of a mountain overlooking multi-million homes and golf courses. This is a location that can produce more than $5 million a year in sales with the right concept! Your customers are certain to be dazzle by the romance of the views and sunsets, causing them to return time and again. This can be both a destination location as well as a local restaurant and bar.

THE NUMBERS: We're not selling a business here, just the restaurant building and real estate. This broker doesn't believe another restaurant like this exists in the Phoenix area; with the right concept, this location, surrounded by resorts, million dollar homes and golf courses, ought to produce more than $5 million a year in sales. With 20% down, the principal and interest payments would be about $12,800 a month. That's about $30 Sq. Ft. or if you add-in the very usable patio of 3,000 Sq. Ft. that's about $19 annually per sq. ft.!

Of course, the inside needs a totally remodel to achieve the style and class this community commands. But at the end of the day, the new owner has a restaurant in a growing community resort town where the wealthy will frequent it and the locals will love it!

THE PATIO: The large outside patio of about 3,000 Sq. Ft. is designed to handle large volumes of patrons who will linger and drink as they enjoy the romance of the sunsets and the city lights. Half the patio sits under the building structure, giving you the opportunity to get creative with the space. The patio ends on the ledge of a hillside with unobstructed views of the East Valley of Phoenix.

THE BUILDING: And better yet, the interior of 5,050 Sq. Ft. is designed to maximize the views as well as keeping your customers staring while they enjoy the great meals and fine wines this location will produce. The building did have three businesses inside: (1) Restaurant and Bar, (2) Salon, and (3) boutique gift shop. There is one owner for all the businesses. So start with a blank piece of white paper and redesign the interior to your restaurant and bar needs. There are 1,200 Amps coming into the building!

This building was built over 14 years ago when there were few homes in he area. But now its time has come for a national or regional chain to develop this property into the restaurant and bar it was designed to be!

GOLF: There are 6 golf courses within a few miles of this property. There is a need for a hang-out place with "class" yet relaxing in this area and this property is perfect for the "let's meet at "so and so" bar and grill after the 18th hole..."

DEMOGRAPHICS: Sitting just on the boarder of Scottsdale and Fountain Hills with the zip codes of 85259 and 85268, there is a huge wealthy demographic being under-served and having to travel 10-20 miles to get to a classy restaurant and bar, and none have views like this one. The neighboring 85259 Zip code has an average household income of about $100,000 while the 85268 zip code has an average household income of about $72,500. The population in the 85259 area is 22,000 while the 85268 is about 23,000.