Turn-key Bar & Restaurant, Liquor License Opportunity For Sale

Retail-Commercial for Sale
Also listed as Business Opportunity, Special Purpose
Catylist Listing ID: 30151478
Property Subtypes: Free-Standing Building, Restaurant, Tavern/Bar/Nightclub
Building Size (RSF): 6,800 SF
Gross Building Area: See Agent
Sale Price: $900,000
Unit Price: $132.35 PSF
In Opportunity Zone? Yes
Property Use Type: Business
Building Name: La Ventana Steak House/Iron Blossom Saloon
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/19/2020

Overview / Comments

La Ventana Steak House has been a staple in Grants for over 45 yrs! (https://www.yelp.com/biz/la-ventana-steakhouse-grants). This is an excellent opportunity for someone to either take over the ownership or start a new restaurant concept. Price includes the real estate and the liquor license. Ownership has taken great care of the restaurant as it has been recently renovated and updated within the last three years (for a complete list of updates, please contact the Listing Broker). The current layout of the restaurant includes the main dining area (La Ventana Steak House), which seats approximately 70 people and an outdoor patio which seats roughly 40-50 people; a big banquet hall (Iron Blossom Saloon) which is currently set up as a bar/sports bar with 7 flat screen tv's which seats approximately 85 people; and a small private room/banquet hall that seats approximately 30 people. This is also the only restaurant in town that holds a full liquor license.



Finance Data Year 2017
Gross Operating Income $846,000 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Grants
County: Cibola
Tax ID/APN: R15563
Retail Clientele: General, Family, Business, Traveler, Tourist
Property Located Between: Between Route 66 and E. High Street
Property Visibility: Good
Largest Nearby Street: Route 66
Tenancy: Single Tenant
Total Number of Buildings: 2
Number of Stories: 1
Property Condition: Good
Year Renovated: 2014
Parking Type: Surface
Parking Description: Ample parking

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,906 9,880 11,358
Median Age: 38.47 35.32 35.15
Households: 1,567 3,597 4,146


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