$195,000
Prescott, AZ 86301
MLS# 1062841
2523 sqft
1 / 1
Property Description
This long standing local favorite was opened in 2006 as a small yet popular burrito company. Over the years it has transformed into a full service restaurant and cantina. Long term staff and loyal regular customers make this a recipe for continued success. Under current ownership, net sales have increased over 200% in the last 3 years. Owner is absentee and the restaurant manager and assistant manager run the day to day business. Excellent Cash Flow, with opportunities to expand catering and capitalize on the cantina revenue. Owner has other interests out of the area but will train for 2 weeks. 2023 Revenue $569K. Cash flow with owner as operator $142K, absentee owner cash flow $93K. Priced for quick sale! SELLER MAY CARRY with 50% down.
Details
Maps
Documents
Contract/Address/Legal
Original List Price: 259000
Listing Date: 2024-03-18
Status: Active
Listing Price: 195000
List Price/SqFt: 77
Street #: 000
Street Name: Undisclosed Address
City/Township: Prescott
State: AZ
Zip Code: 86301
Neighborhood: N/A
County: Yavapai
Business Op Type: Bus Op No Real Est
Business Type: Food/Beverage
Business Name: Undisclosed
REO/Short Sale: Not Applicable
Zoning: BG
Legal: TBD
Tax Parcel: N/A
General Property Description
Lot #: N/A
Aprx Acres: 8
Total Liveable SqFt: 2523
Source of Measuremnt: Owner
Year Built: 1980
Year Est: 2006
Gross Vol/Yr $: 568985
NOI $: 142653
Lease Type: NNN
Lease $: 4439
CC & R: Yes
Remarks & Misc
Autopop: No
Directions: To be provided with signed confidentiality agreement.
Office/Member Info
Compensation: 3
Compensation Type: %
Property Features
Bathrooms: Handicap Accessible; Separate M & W
Construction: Block; Frame - Steel
Current Use: Restaurant/Bar
External Amenities: Handicap Access; Parking
Internal Amenities: Sprinklers; Kitchen
Heating: Forced - Gas
Cooling: Evaporative Cooling
General Lease: CPI Increases; Deposits; Option/Renew
Roof: Rolled/Hot Mop
Info on File: Balance Sheet; Equipment List; Leases; P & L
Utilities Installed: 220; Cable TV; Electricity; Natural Gas; Water - City; WWT - City Sewer
Sale Includes: Equipment; Fixtures; Leasehold; Non-Compete; Tradename; Training
Tenant Pays: CAM; Insurance; Repairs; Taxes; Utilities
Business Location: Reg. Shopping Center
Terms & Conditions: SBA; Submit; Other - See Remarks
NDA 
Listing Office: HUB Commercial
Last Updated: May - 01 - 2024
The listing broker’s offer of compensation is the dollar amount or percentage of sale price the listing broker offers to pay a broker who (a) participates in the multiple listing service where the listing broker filed the listing and (b) procures the buyer for a successful transaction.
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