$350,000
Prescott, AZ 86301
MLS# 1061951
1066 sqft
1 / 23
Property Description
Local favorite with an established loyal clientele. Founded in 2014. This small but powerful restaurant has it all. Known for their fresh and locally sourced ingredients, hand crafted menu items and excellent service. This is your chance to be creative and have fun while making a great income. Revenue is consistent at $940,000 - $1,000,000 for the past 3 years. Cash flow to the owner steady at $160,000 - $180,000. Owner will train you for up to 30 days. Please do not disturb staff. List Agent must accompany. Thanks!
Details
Maps
Contract/Address/Legal
Original List Price: 400000
Listing Date: 2024-02-09
Status: Active
Listing Price: 350000
List Price/SqFt: 328
Street #: 623
Street Name: Miller Valley
St Suffix: Road
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: ILO
REO/Short Sale: Not Applicable
Zoning: BG
Legal: LOT 2 TRACT LESS BRANNEN TRACT BOOK 3 PAGE 37
Tax Parcel: 113-07-011
Assessor's Book #: 113
Assessor's Map #: 7
Assessor's Parcel #: 11
General Property Description
Lot #: 2
Lot Size: 11127
Aprx Acres: 0.26
Buildings: 1
Total Liveable SqFt: 1066
Source of Measuremnt: Owner
Stories: 1
Baths - 3/4: 20
Year Built: 1978
Year Est: 2014
Gross Vol/Yr $: 941000
NOI $: 170000
Lease Type: NNN
Lease $: 2054
Lease Expires: 2026-12-31
CC & R: No
Tax Info
Taxes: 3142
Tax Year: 2023
Remarks & Misc
Autopop: No
Directions: 623 Miller Valley
Office/Member Info
Compensation: 4
Compensation Type: %
Property Features
Bathrooms: Unisex
Construction: Block
Current Use: Restaurant/Bar
External Amenities: Handicap Access; Parking
Internal Amenities: Kitchen
Heating: Natural Gas
Cooling: Central Air
General Lease: CPI Increases; Deposits
Roof: Rolled/Hot Mop
Info on File: Balance Sheet; Equipment List; Leases; P & L; Tax Returns
Utilities Installed: Electricity; Natural Gas; Water - City; WWT - City Sewer
Sale Includes: Equipment; Fixtures; Inventory; Leasehold Rights; Non-Compete; Tradename; Training
Tenant Pays: CAM; Insurance; Janitorial; Utilities
Business Location: Freestanding Bldg
Terms & Conditions: Any Financing; SBA
Listing Office: HUB Commercial
Last Updated: April - 29 - 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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