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Arizona Restaurants for Sale

Arizona Restaurants for Sale

Arizona Restaurants for Sale

Looking at Arizona Restaurants for Sale? You've chosen a great state to purchase a restaurant in. Whether you intend to move to the state for the restaurant, or you are a native Arizonian expanding your restaurant ownership portfolio, this page offers some insights into the state's restaurant industry, population, and economic outlook. All of these items are helpful to you as Read on to learn about Arizona's restaurant industry, economic overview, and population. Then, browse all Arizona Restaurants for Sale to take the next steps towards buying a restaurant.

Arizona is famously known as the Grand Canyon State. Besides being home to one of the most impressive natural formations on the continent, Arizona is home to those small town, local establishments that are famous for serving hungry trippers journeying through the state. As a travel destination, there is always a crowd of tourists to serve. In fact, Arizona was a top state for restaurant growth in 2014. Prior to the 2020, there were nearly 10,000 Arizona restaurants.

Arizona’s Economic Outlook

Arizona is one of the fastest-growing states in the U.S. Its population has increased by nearly 30% since 2000 and shows no signs of slowing down. This population growth is largely due to retirees moving to Arizona for its warm weather and low cost of living. In fact, Arizona is one of the top destination states for retirees.

Additionally, Arizona’s job market is strong and has been steadily growing. The state’s unemployment rate was 6.1% in 2021, but is forecasted to decrease through 2024. The state of Arizona was also in the top 10 list of states with the best workforce in 2021 and 2022.

What does this mean for Arizona restaurants? Arizona’s population is growing, and more people are employed and have disposable income to spend on dining out. The state expects the population to continue growing by an additional 100,000+ residents each year through 2024. This makes Arizona an ideal state to open or expand a restaurant business as more people move to the state or travel through as tourists.

Arizona’s Restaurant Industry

The restaurant industry in Arizona is booming. Arizona is home to about 12,000 restaurants, which generate nearly $11 billion in revenue each year. The state’s restaurant industry is expected to grow by about three percent in 2020.

There are several reasons why the Arizona restaurant industry is growing so rapidly. First, as mentioned before, Arizona’s population is growing. This population growth, combined with the state’s strong job market, means that more people have disposable income to spend on dining out.

Second, Arizona’s tourism industry is booming. In 2019, Arizona welcomed nearly 45 million visitors. These visitors spent an estimated $27 billion while in the state. Many of these visitors dined out while in Arizona, which helped contribute to the state’s strong restaurant industry.

If you’re thinking about buying a restaurant in Arizona, now is a great time to do so. Arizona’s population is growing, its job market is strong, and its tourism industry is booming. All of these factors are helping to drive the state’s restaurant industry.

 

Resources for Buying Restaurants for Sale in Arizona

Now that you know more about Arizona’s restaurant industry and economic outlook, you’re ready to start looking for restaurants for sale in Arizona. Here are a few resources to assist you while you browse the Arizona Restaurants for Sale on our website:

Arizona Restaurant Association

Arizona Department of Liquor

Starting a Restaurant - Visit the Arizona Secretary of State Website

Small Business Administration - Financial Programs to Buy Restaurants for Sale

Restaurant Equipment and Supplies

Restaurant Financing and Access to Capital

Arizona Restaurants for Sale

How to Buy a Restaurant: The 9 Steps from Inquiry to Closing

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Busy Mexican Restaurant for Sale in Arizona showing $92,000 in Earnings

Busy Mexican Restaurant for Sale in Arizona showing $92,000 in Earnings

Listing Id:8632 Lease Term:Expires 2026 wi.. Monthly Rent$2658, Sq.ft.1900,
Earn $144,000 on Multi-Unit Firehouse Subs Franchise for Sale in Tucson

Earn $144,000 on Multi-Unit Firehouse Subs Franchise for Sale in Tucson

Listing Id:8600 Lease Term:Expires 2022 & .. Monthly Rent$7121,7139.67, Sq.ft.2200,2300,
$90,000 in Owner Earnings on this Tucson Firehouse Subs Franchise for Sale

$90,000 in Owner Earnings on this Tucson Firehouse Subs Franchise for Sale

Listing Id:8597 Lease Term:Expires 2022 wi.. Monthly Rent$7121, Sq.ft.2200,

Mike Smith, Certified Restaurant Broker®

Mike Smith is the Certified Restaurant Broker® and Franchise Partner for the Phoenix, Arizona market. He has 25 years of experience in the restaurant industry.

$91,000 in Earnings at Tucson Firehouse Subs Sandwich Franchise for Sale

$91,000 in Earnings at Tucson Firehouse Subs Sandwich Franchise for Sale

Listing Id:8596 Lease Term:Expires August .. Monthly Rent$7139.67-, Sq.ft.2300 -,
Package of Two Sandwich Franchises for Sale in the Phoenix Market

Package of Two Sandwich Franchises for Sale in the Phoenix Market

Listing Id:8553 Lease Term:August 2023 and.. Monthly Rent$6757,4450, Sq.ft.1785,1525,
Almost $70,000 Owner Earnings on this Arizona Sandwich Franchise for Sale

Almost $70,000 Owner Earnings on this Arizona Sandwich Franchise for Sale

Listing Id:8552 Lease Term:Expires Septemb.. Monthly Rent$4450.00, Sq.ft.1525,
Profitable Sandwich Franchise for Sale in Chandler Arizona

Profitable Sandwich Franchise for Sale in Chandler Arizona

Listing Id:8551 Lease Term:Expires August .. Monthly Rent$6757, Sq.ft.1785,
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