Family Style Restaurant
Beautifully upgraded facilities with tons of space.
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Asking Price: $85,000
Annual Revenue: $300,000
The current owner started this wonderful family style restaurant in Tucson, Arizona, close to I-10 and motels, in December 2003. The menu offers a wide selection of delicious meals for breakfast, lunch and dinner as well as a lunch and dinner buffet daily. A separate Bar/lounge occupies 1,000 sq. ft. and is decorated with a cowboy motif. There is a small outdoor patio seating area for smoking. The restaurant does a brisk business year round but gem show traffic brings in considerable extra income. This mostly cash business is profitable!! # 12 liquor license.
Seller Financing: Downpayment of $50,000 and Seller will carry $35,000 @ 8% for 60 months
Liquor Inventory:$8,000 (not incl in price)
Food Inventory: $5-10,000 (incl in price)
Value of Equipment: $50,000
Value of Leasehold Improvements: $30,000
Years in Operation: 9 years under current owners
Reason For Selling: The seller wants to spend more time with their kids. Excellent location with very little competition in the area with plenty of room for growth.
Facility Size: 6,700 sq ft.
Lease: $3,700 / month
Lease term: month to month
Hours of Operation: 6:00am to 10:00pm daily
Employees: 14 FT, 4 PT and 2 owners
License required: #12 Liquor & Health Department
Covenant not to compete: 5 years 5 miles
Management Training: 2 weeks