#6 Bar / Nightclub in Melrose District

Price: $495,000

Location: Phoenix, AZ

Industry: Bar

Listing ID: 3002

Listing Description

Since 1985, Chars Live (formerly Chars Has The Blues) has been the best venue in the Valley to hear live music – including Blues, R&B, Soul, and Funk music.

The current owner purchased the business in 2020 and has done a complete remodel of the premises worth in excess of $300,000!

Chars Live is well-located in the heart of the Melrose District. It is just south of Camelback Rd and minutes from the I-17, SR-51, and I-10. The property has great exposure with direct frontage on 7th Avenue and boasting traffic counts of in excess of 30,000 VPD.

This is an asset sale. The sale includes the #6 bar liquor license (currently worth $250,000 alone), trade name, website, and FF&E. No financial information will be provided.

The premises consists of ±2,245 sq. ft. Buyer shall sign a new 5-year lease at $30/sq. ft. NNN with 4% annual increases. The real estate may also be available to purchase for an additional price.

DO NOT DISTURB BUSINESS OR OWNER. ALL TOURS TO BE SCHEDULED IN ADVANCE WITH THE LISTING BROKER.

For more information or to request a tour, please respond to this listing or email us at info@arizonarestaurantsales.com. 

Business name and location is being provided with Seller’s permission.