Thriving Restaurant/Bar/Live Music Venue

Vintage & historically registered repurposed 1930's motor court hosting live music in a gorgeous temperature adjusted courtyard year round. Tucson has jumped to the top of most lists as a destination city for both visitors and new residents alike and is the first city in U.S. to be named a UNESCO City of Gastronomy recognizing over 4,000 years of agricultural heritage. We offer American comfort food with an emphasis on regional innovation and flair. Full Bar license. Capacity of 250+ outdoors (150 covered) and 40 indoors. Since opening we have hosted over 3200 shows on our professional stage including local, national, and global acts. We also have hosted weddings, retirement gatherings, memorials, artisan fairs, community non-profit fundraisers and been noted for over 30 couples now in commited relationships after having met here. In addition to our food & drink sales we derive income from our ticketed shows & art sales, plus we have boosted income from 13 studio rental units for artisans and merchants with annualized lease occupancy greater than 80%(revenue from rents > $67k/yr) Gross revenue has increased every year except for government imposed 5 month pandemic pause in 2020. This is a turnkey business with enormous potential for growth. It does require a full time commitment to navigate a variety of related responsibilities and so is best suited for a dedicated couple, partnership, or group. We have 8.6k Facebook & 11.4k Instagram followers. Recently we have been live-streaming our shows and building an audience from that which we are only now beginning to monetize. We are currently only interested in a buyer who understands and appreciates our investment and is willing to take it to new heights. Location: Tucson, Arizona Year Established: 2011 Number of Employees: 18 Real Estate: Owned Building Sq. Ft.: 6,500 Facilities: Core restaurant is located in a single structure with seating both inside and outside in the courtyard. The majority of the activity occurs in the courtyard. where the stage is located. The digital sound system and livestreaming camera system is included in the sale. Lot size is approx. 29,400 sf. Sixteen casitas, the original motor court rooms,(13 leased) surround the courtyard and vary in square footage from 190-650 sf. Paved parking for 23 vehicles inside perimeter and street/alley parking for 80 +. Market Outlook/ Competition: Tucson boasts a robust live music scene where we are one of only a few principal players to have survived and thrived over the past 10 years. We are located on a major thoroughfare leading into the downtown corridor with over 35000 cars daily. Property located in an enterprise zone with full government funding perks. Growth & Expansion: We have begun initial inquiries with local building department to add 70 seats on a mezzanine above the stage as well as a banquet room/small concert venue. Given that we are not open mornings except for Sunday Brunch, and limited lunches, we feel that with the right management team could easily exploit that potential traffic. Pima County is building a new regional center just two blocks away which will be home to 300 new customers.