$230,000
Flagstaff, AZ 86001
MLS# 195431
Status: Closed
2300 sqft
1 / 22
Property Description
Looking to get your foot in the door in Flagstaff, AZ? Step right in and take the keys to your very own nightclub, bar, and grill in downtown Flagstaff that is now available as a business sale, fully equipped. The in-operation opportunity provides a new owner the canvas to continue the same premise or ''tattoo'' their own vibrant image on perfect skin with new ink. When you hear turnkey, you immediately itemize needed changes. Well the only thing lacking in this turnkey space is new ownership to continue the spin and splash of records and cocktails. Seller took the space over in 2022 from the original owners who poured nearly $1m into their original creation. These improvements included a newer built-out full kitchen,
Details
Maps
Contract Info
Status: Closed
Listing Agreement Date: 2023-12-01
Sold Price: $230,000
Current Price: $230,000
List Price/SqFt: 123.91
Location Tax Legal
County: Coconino
Area: 160 - Southside/ Brannen
Street #: 30
Direction: S
Street Name: San Francisco
Suffix: Street
City/Town Code: Flagstaff
State/Province: AZ
Zip Code: 86001
Geo Lat: 35.195846
Geo Lon: -111.648393
Key Words
Sale/Rent Description: Both
SP + Gross Sales: CLO
Net Op Inc: CLO
Down Payment: Submit
Gross Sales: CLO
Bldg/Space Size: 1,500 - 3,999
# Units Motel: None
General Property Description
Business Name: Foram Bar-Grill-Nightclub
Property Sub-Type: Business
# Buildings: 1
Approx SqFt: 2300
Year Built: 2020
Lease Expiration Date: 2026-11-30
Lease To: 2026-11-30
Lease Comments: New lease to be established with same terms.
License Type: Series 6
# Employees F/P: 7
Status Change Info
Sold Date: 2025-03-05
Sold Price: $230,000
Sold Price/SqFt: 100
Financing: Other
Seller's Est Mkt Val
Equip/Fixtures: 250000
+ Inventory: 20000
+ Other: 150000
= Total (List Price): 420000
Form of Ownership
Other: LLC
Parking Spaces
Other: None
Property Features
Business Type: Bar/Tavern/Lounge
To Show: Appt/CLO; No Sign
Sale Price Includes: Bus. Tradename; Business; Contracts; Covenant Not to C; Equipment; Fixtures; Goodwill; Inventory; Leasehold Imps; Licenses; Personal Prop.; Training
Info on File: Accts Payable; Accts Receivable; Deposits; Equip/PP List; Inventory List; Leases; List of Contracts
Wants: Cash
Training: Two Weeks
Tenant Pays: Cable TV; CAM's; Elecric; Janitorial; Natural Gas; Sewer; Snow Removal; Trash Collection; Water
Cvnt Not To Compete: City of Flagstaff
Interior Amenities: Duo-Pane Win.; Floor Drains; Security System; Smoke /Ht Det; Sprinklers; TV's Included
Exterior Amenities: Fenced; Handic. Access; Landscaped
Management: Mgmt. Co.
Heating: Central; Natural Gas
Cooling: Multi Units
Water Source: Public
Utilities: Cable Available; Electricity Available; Indiv. Metered; Natural Gas; Phone Available; Sewer
Construction: Masonry
Roof: Built-Up
Flooring: Vinyl Tile
Location: Downtown
Supplements
custom wrap-around bar, a sound and light system that could power a 2,000 seat arena, a fenced and landscaped exterior patio, a perched DJ booth, stage for live bands, and a sumptuous décor that belongs on Hollywood Boulevard let alone N. San Francisco St. Now, because of life changes, the owner unfortunately cannot run the space to its fullest capability. Asset sale includes all FF&E, full liquor inventory, and a highly coveted Series 6 liquor license (current fair market value of $150,000). Bring your bar dreams and take that professional business leap with a space you can operate the next day--not twelve months later due to permitting delays, construction hiccups, and supply change woes. Contact listing agent for a private showing and a detailed description of the conveyed assets. Current rent of +-$4,900/mo includes CAM's. Run, strut, sprint this way and don't look back!
Listing Office: Coldwell Banker Northland
Last Updated: March - 10 - 2025
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