Retail - Restaurants | Retail - Bars/Taverns

$Seller Financing Available

Asking Price	$350,000	Inventory	$8,000**
Gross Income	$622,875	Real Estate
Cash Flow	$84,000	Year Established	1979
FF&E	$140,000*	Employees	11

* included in the asking price

** not included in the asking price

#12 bar/restaurant seating 100 is located in northwest phoenix. fully equipped kitchen including hood & ansul system, large walk-in cooler, flat top grill, fryers, etc. hours are 10am-1am 7 days a week. the downpayment is $125,000. seller will carry the balance of $225,000 in the form of a note to buyer amortized over 7 years including 7% interest. the monthly payment would be $3,394. seller would consider a cashout of $250.000. a recent audit by the state of arizona department of liquor license & control determined that this business was grossing 45% in food sales above the 40% food sales that is required for a #12 liquor license. this is an excellent, well established business with lots of potential for growth.

Facilities: 2400 square feet. rent currently is $3600 per month. lease deposit is $1750. lease expires 3/31/2019.

Seller Financing Available: Yes

Support/Training: Seller will train buyer for one week at no cost to buyer.

Reason Selling: Other Interests.