Bar & Grill For Sale - Land, Building Included
Location Arizona,United States
Asking Price Range $1.0M - $2.5M
Gross Revenues $1000000
Net Profit / Cash Flow $250000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1972
Number of Employees 6 - 9
Inventory Equipment - apx $50K (Inventory sold seperately depending on purchase price).
Relocatable No
Number of Employees 6 - 9
Real Estate Owned
Training Available.
Reason for Sale Personal reasons.
Description Business Information (Photos Available Upon Request). $1.6 Million - Includes PRIME land location & building. #1 Bar for beer sales as determined by Budweiser in their Payson, Arizona area territory. The bar is also in the top 25% of all places selling beer in Budweiser's Payson area territory (the Matazal Casino, Wal-Mart, and all gas stations selling Budweiser are included).
Known as Payson's best and busiest bar. Bar revenue up 20% over 2006 Sales. Bar revenue up 50% over 2005 Sales. Total revenue increase of over 70% from 2005 sales (the bar was profitable in 2005). Now known for great food. Food sales in 2005 were less than 5% of total sales. Today, food sales account for 40% of total sales. #6 liquor license included with the sale. Building and land are owned and will go as part of the sale. Prime location in the town of Payson on Hwy 87. Current owners purchased the bar in December 2005 and are selling due to health reasons.
A new patio was added in response to Arizona's no-smoking law that went into effect earlier in 2007. Revenue increased when the patio was added and the new law has not had any negative impact in regards to revenue. The numbers provided above can be validated a couple of ways. The beer and food suppliers can show records of sales from the bar over time and the increases can be verified. Email or call Brad Sundin, RE/MAX Excalibur, at (602) 697-3093 for more information on this Bar & Grill for sale. Phone calls accepted until midnight every day.
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