Description
A fantastic opportunity to take over a bustling and prosperous roadside Gift Shop, Cafe and Bar along historic Route 66! This is the definition of a turnkey 17 year old business with decades of loyal locals and destination travelers from large tour bus companies that stop for scheduled visitors from all over the world. This business has a top-notch reputation making this opportunity very appealing to an investor or someone looking to run a family-owned business.This business consists of a series 12 liquor licenses to sell alcohol, a large gift shop, and a cafe area within a leased 4,500+/- square foot space with an existing lease of 1300. monthly, that has the option to extend an additional five years. The average gross income is $750,000 +/- per year, with a business expansion plan available. All figures, expenses, and inventory can be provided upon request for interested parties. The business carries no existing loans and includes about $295,000 worth of FFE inventory, equipment, furnishings, and decor. The ideal buyer for this unique legacy business would be willing to learn side-by-side with the current owners for one week as they get accustomed to vendors, locals, and the business as a whole after the sale to ensure a smooth transition of ownership.
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0BEDS
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0.43ACRES
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0BATHS
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01/2 BATHS
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4,500SQFT
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$122$/SQFT
School Ratings & Info
Description
A fantastic opportunity to take over a bustling and prosperous roadside Gift Shop, Cafe and Bar along historic Route 66! This is the definition of a turnkey 17 year old business with decades of loyal locals and destination travelers from large tour bus companies that stop for scheduled visitors from all over the world. This business has a top-notch reputation making this opportunity very appealing to an investor or someone looking to run a family-owned business.This business consists of a series 12 liquor licenses to sell alcohol, a large gift shop, and a cafe area within a leased 4,500+/- square foot space with an existing lease of 1300. monthly, that has the option to extend an additional five years. The average gross income is $750,000 +/- per year, with a business expansion plan available. All figures, expenses, and inventory can be provided upon request for interested parties. The business carries no existing loans and includes about $295,000 worth of FFE inventory, equipment, furnishings, and decor. The ideal buyer for this unique legacy business would be willing to learn side-by-side with the current owners for one week as they get accustomed to vendors, locals, and the business as a whole after the sale to ensure a smooth transition of ownership.
© 2022 Prescott Area Association of Realtors, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Shelly Watne Group. Data last updated: 2022-11-26T23:54:36.05.