Established, Turnkey Restaurant in Downtown Prescott

This is a local & tourist favorite food eatery with a great reputation for excellence in both food and service. Located in the heart of downtown Prescott just steps from the Courthouse Square. This is a rare opportunity to purchase a full-service, turn-key, and successful restaurant operation which is being offered for sale at $225,000. The business sale includes all leasehold improvements including a Type 1 hood, furniture, restaurant equipment, smallware’s, POS system and $2,000 in inventory at close of escrow. The landlord is willing to extend the existing lease for a negotiated period of time during escrow. This restaurant offers both dine-in and take out options for customers, full-service kitchen area and a restroom. Since March of 2020 due to Covid 19, the restaurant reduced its days and hours of operation. This change only reduced the gross revenue by approx. 15% from previous years with a current average daily sale for indoor & take-out ranging between $1,000 to $1,200 per day. The business is still operating on a limited schedule. Both hours and days in operation could easily be expanded to dramatically increase business. Currently there is not a liquor license however a #12 could be added for additional upside. Owner is selling for personal reasons but is willing to train for a negotiated period of time. Location: Prescott, Arizona Number of Employees: 4 Facilities: Dine in and take out options, full service turnkey back of house with type 1 hood. Market Outlook/ Competition: Great Local & Tourist Reputation, Excellent Downtown Location, Owner Operator Business Model. Growth & Expansion: Expand the Hours/Days in Operation and the # of meal periods. Opportunity to add a #12 Liquor License