Retail - Restaurants | Retail - Other Eating & Drinking Places

Asking Price	$285,000	Inventory	$8,000**
Gross Income	$361,562	Real Estate
Cash Flow	$69,113	Year Established	2003
FF&E	$60,000*	Employees	1 ft / 4 pt

* included in the asking price

** not included in the asking price

Elegant Neighborhood Restaurant & Bar located in a new shopping center in the Northwest side of the Valley. This upscale area is growing rapidly with new subdivisions and shopping centers being built now. Named by AZ Republic "2nd Best of Phoenix". Featured on "Good Morning Arizona" by Dafne Monroe's "Deal of the Day Cuisine". Kitchen is fully equipped and well organized for efficiency. Dining area is decorated in the Tuscan Style with an open floor plan using arches to divide the dining area from the bar area, decorated in cherry wood. Owners spent approximatey $300,000 building this beautiful restaurant & it shows. There is a large patio that currently has 7 tables but room for more. In the 5 years that this restaurant has been open, it has not come close to it's full potential, especially considering the rapid growth in the area. They are currently offering Drink & Appetizer Specials for Monday Night Football & are planning on adding a large screen TV on the patio for the Sports Fans. The owner is from Italy & would like to go home for a few months to visit family. This is a beautiful restaurant & a great opportunity for a new owner.

Facilities: 1900 sq ft. Monthly rent $5,800. Lease expires Aug 2013. Lease deposit $3,800.

Growth/Expansion: Market in the neighborhood. Promote the "Sports Bar" atmosphere.

Financing: $150,000 dn; Bal @ 7 yrs; 7% interest

Support/Training: Seller will train for 2 weeks at no salary.

Reason Selling: Wants to visit family in Italy for a few months.