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Published by patrick, 2016-04-07 10:47:08

Microsoft Word - business listing content_V1.docx

Business Description Headline:
Restaurant & Bar - Where the Spirit of the Old West Meets
Modern Day Arizona
Popular Venue with Best Chicken, Live Music, and Strong Loyal Following Situated at the Entrance of the Superstition Mountains – REAL ESTATE INCLUDED
OWN A PIECE OF ARIZONA WITH THIS LIFE STYLE BUSINESS AT THE entrance to the Tonto National Preserve aquatic recreation venues, camping and hundreds of miles of hiking trails, yet minutes from metropolitan Phoenix/Scottsdale. SALE PRICE INCLUDES CASH FLOW BUSINESS, ESTABLISHED RESTAURANT & ENTERTAINMENT VENUE, INCOMING PRODUCING RESIDENTIAL UNITS, AND FIVE ACRES OF LAND WITH GREAT VISABILITY FROM HWY88/APACHE TRAIL. New Listing, this opportunity is well priced and WILL NOT LAST.
Filly’s Roadhouse® Restaurant and Bar is a family style establishment featuring live music 6 days a week in a country western style atmosphere with patio views of the Superstition Mountains. Located in Apache Junction, Arizona, on five acres of prime real estate directly adjacent to the famous and well-traveled Apache Trail, Filly’s is at the gateway of popular lakes, camping and hiking in Tonto National Preserve. This popular restaurant seats 150 indoors, and 490 outside on the 10,000+ square foot back patio which includes an elevated stage, dance floor and views of the Superstition Mountains. There is plenty of parking for both vehicles and horses.
Filly’s has earned community awards and received live local radio station coverage of established events such as “Filly’s Folly’s” and weekly “Mic Night,” frequently drawing more than 600 loyal patrons to these community staples. The entertainment features local talent with an eclectic variety of music genres ranging from country dance and line-dancing favorites to classic pop, building friendships and encouraging spectator participation. Patrons and employees are long-time loyal Filly’s fans. This full service restaurant and bar is known for its homemade applesauce and famous chicken wings. This is an excellent lifestyle opportunity in a great business climate with limited competition and with scalable opportunities.
The Apache Junction area receives over 600,000 travelers per year, drawn to the favorable climate and major
regional events that include the Lost Dutchman Days festival, the Lost Dutchman Marathon, the Renaissance Festival, Heritage Days, Country Thunder Music Festival, the nearby Rodeo grounds, and local and state parks which include the chain of lakes extending from Canyon Lake, through the 47 mile Apache Trail, to the Roosevelt Dam. Filly’s is located minutes from the Apache Junction city center, which includes Goldfield Ghost Town, the Superstition Mountain Museum, and the Central Arizona College Superstition Mountain Campus. Apache Junction (the eastern gateway of the greater Phoenix Metropolitan) is located 11 miles from the Phoenix-Mesa Airport and 30 miles of direct highway access from Phoenix Sky Harbor International Airport.
Nearby Filly’s is Gold Canyon, Arizona, an upscale community of approximately 10,000 residents, five championship golf courses, and homes with an average list price of $425,000 with luxury homes in the $3.5 Million range. Filly’s is 30 miles from Scottsdale Arizona, a popular tourist destination with approximately 227,000 full time residents in homes with an average list price of $748,000 and recent sales prices as high


as $7.5 Million. Filly’s is in the East Valley of the Phoenix Metropolitan area, the 6th most populous in the United States with over 4 million residents.
The climate draws visitors world-wide with its “perfect” months of November through April. During this season there is continuous sunshine, rare snowfall, very little humidity, incredible desert sunsets and warm evenings.
Filly’s outdoor patio venue provides fabulous views of the Superstition Mountain wilderness which offers thousands of miles of hiking, biking, photography, camping and picturesque canyon lakes. Just 12 miles from Canyon Lake’s full service Marina, the “Dolly Steamboat,” the famous rumored Lost Dutchman Mine and Tortilla Flat, there is also nearby Apache Trail Jeep Tours and the Salt River Recreation Area’s river tubing.
Ø Arizona lifestyle business with a Restaurant, Gift Shop, Residential Rental Units
Ø Turnkey Operation with Sale Promulgated by Owners Retiring
Ø Spirit of the Old West in Modern-Day Arizona
Ø Long Established History in the Community
Ø Destination Area with an Estimated 600,000 Visitors per Year
Ø Great Location at Entrance to historic Apache Trail and Superstition Mountains in Tonto National
Preserve
Ø Sale price is Inclusive of Real Estate, Additional Undeveloped Land, Rental Residential Units, FF&E &
All Assets
Ø Valuable Class 6 Liquor License (Sell/Serve Liquors both “On Premises” and “To Go” Sales)
Ø Well Positioned for Business Growth
Ø Includes Trademark, Copyright: Patron loyalty with Stable and Tenured Staff
Ø 11 miles from the Phoenix-Mesa Airport; 30 Miles from Phoenix Sky Harbor International Airport
Ø 30 Miles from Upscale Scottsdale Arizona
Ø Expansion potential: Property, Revenue, Profitability, Rental Income and Marketing
Detailed Information
Operations: F,F & E:
Employees: Revenue:
Assets: Facilities:
Turn-key Included
16 Full time; 38 Part time $1.4MM with Positive Trending
+$1.7MM
4,792 square feet of commercial building 3,000 square feet consisting of 3 rental units 5 Acres of Land


The property is located on Hwy 88/Apache Trail, and well visible by travelers as they enter the Tonto National Preserve which includes: Tortilla Flat; Canyon and 3 additional lakes; hiking in the renown Lost Dutchman Superstition Mountains; and several camp grounds. The property is also minutes from a City Center which features Museums and other attractions inspired by the rich Western History of the Area. In addition, the property is just 8 miles from the upscale residential and commercial Gold Canyon with its (5) Champion length golf courses, homes, resorts, restaurants and shopping, and 30 miles from well- known Scottsdale, Arizona.
The full service restaurant features approximately 4,200 square feet indoors serving 150 patrons including a full bar and dance floor. The outside patio currently exceeds 10,000 square feet and provides full service seating for 490 customers. In addition, there is a drink window, an elevated stage, which also provides lockable storage, a small gift shop, a large dance floor, and a rear barn which houses a food truck which is operable at the busiest times. The barn is currently permitted and being remodeled to add water, electrical, insulation, drywall, and an additional drink window, for an additional 592 square feet.
Corral can accommodate up to 40 “parked” horses, currently overlooking the patio area, with a breathtaking Superstition Mountain backdrop. There is also a parking lot in front and on the side, and signage including a roadside marquee advertising the band and any special events. Signage is visible while driving on the US88/North Apache Trail. There are also two residential rental facilities on the property, with one currently rented to long time employees.
Competition:
Growth & Expansion:
There is limited competition in the area, and provides a unique venue for Phoenix Valley.
The Owners have doubled revenues over the last 10 years, developed a loyal tenured staff, and created a destination venue highly attended by patrons weekly – despite limited advertising that has been largely word of mouth. The five acre parcel is only partially developed, providing a significant development opportunity. The property is on city water, with an additional line in place for future expansion of the outside patio area, which can be done without inhibiting views of the Superstition Mountains. The liquor license is extremely valuable and provides a vertical market opportunity supporting “to go” needs of the travelers enroute to camping and other activities nearby. The rental units have been under-utilized and provide additional potential. Lastly, Filly’s could invest in cooperative advertising with well-established destination resort promotions driven by the area’s large tourism industry.
As a summary, there is an upside potential for physical expansion of the outdoor patio area, vertical expansion of adding “take-away” liquor and sundries, the addition of rental income, and marketing expansion by tapping into the destination coverage already in place in Metropolitan Phoenix.
Support &


Training: Negotiable
Reason for
Selling: Retirement


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