Acclaimed Downtown Restaurant Opportunity

Highlights:

• Absolutely turnkey restaurant business opportunity, down to the menu
• Ground level suite fully equipped located within multi-tenant historic building
• Wildly popular breakfast and lunch destination; opportunity to expand days and offerings
• Strong year over year financials culminating to strongest to date
• James Beard culinary award semifinalist
• All tangibles and intangibles convey
• Covenant not to compete; training negotiable
• Southside business and mixed use district
• Fenced exclusive exterior patio
• Full surface parking lot
• INCREDIBLE lease rate; assumable
• Potential for semi to full absentee ownership

Description:

The French word for forest is Foret. A fitting name for this Flagstaff, AZ bistro that has the world's largest contiguous Ponderosa pine forest at the city's fringe. Opened in 2021, this quaint yet bustling cafe has quickly established itself as one of the most popular restaurants in the city, with locals and tourists alike lining its doorsteps for a taste of the sublime. With a menu perfected by its James Beard award nominated culinary curator, the richness of the cuisine can correlate into a richness of return for any restauranteur looking to capitalize on a niche already carved. Only serving breakfast and lunch and open only five days/week but with sales numbers suggesting full day, 7 day/week operations, the baseline of this business opportunity has been established, providing the type of ease of transition and blue-sky to appease the savviest of investors. Born and nurtured from the creative imagination of the owners, the efficiency of this space is exceptional, from order to drink to entree, appeasing even the most impatient guest who will gladly wait to be "whisked" away to France. Open now into its 4th year, Foret is on an exponential trajectory in popularity and corresponding profitability, with year-end 2024 producing the highest numbers yet. Unlike other restaurant opportunities that are being sold as assets with numbers failing and their primes in the past, this is the opportunity to capture that tracts towards the future. Contributing to the value is an assumable lease rate UNRIVALED for its kind anywhere in the city, a full parking lot exclusive to the building, a must-have exterior patio allowing for additional dining space, and training by an award-winning chef. The space does not need a broom-lift of modification, as the owners have undertaken eye-pleasing as well as underlying improvements; making the limited footprint seem twice as large and equally warm and welcoming. Full FF&E, tradename, leaseholds, inventory, covenant not to compete, training included. Financials via a signed NDA.
The old saying goes you can't see the forest for the trees, well this "forest" deserves a larger appreciation.

Located just south of downtown Flagstaff, Arizona, this prime property enjoys proximity to a vibrant commercial scene. The area is known for its diverse mix of local businesses, perfect for attracting a wide audience looking for quintessential Flagstaff character. Strategically situated on the ground level within a multi-tenant building, buyers will be greeted with a modern presentation juxtaposed against historical architecture, adding character and allure to the location.

City, APS, Unisource

Restaurant suite located within a multi-tenant historic building fronting W. Phoenix Ave.

APS

Unisource