Tempe Restaurants For Sale
West Mesa Family Style Restaurant with Proven History and Profit
Sold
If you've been looking for a stable restaurant with a history of loyal customers over several years and you want to be in the west end of the Mesa, then stop and look at this business. The owner will carry a portion of the purchase price for the right buyer.
This place has a Denny's style menu where an expensive chef is not needed. There is one family member working the restaurant, so this is perfect for a whole family to work and dramatically increase the profit.
Of course, the employees will stay if that's what you want.
This restaurant is located in a standalone building on a major street in a neighborhood community. This isn't a seasonal restaurant where the snow-birds come and go driving business owners crazy during the hot summer. This restaurant is smack in the middle of a community of homes, apartments and businesses and one one of Mesa's busiest streets.
It has a great reputation for serving wonderful comfort food at a reasonable price; hence why it has done well during the recession.
The reported revenue is over $517,000 for 2009 with an adjusted net for 2009 of more than $125,000.
The restaurant is in fair shape and all I would do is the floors. The owner of the business owns the real estate, so perhaps you can negotiate a deal for the flooring.
The rent is $5,000 all-in including the taxes and insurance. The tenant will maintain the building.
You can buy the real estate if you like. In that case the cash flow available to purchase the real estate is closer to $190,000 annually.
A Paramount Restaurant Brokers, Inc. Listing
Broker of Record Rob Tade DRE License #01339409
Lease
Financials
Operations
Tuesday - Friday 5am - 8pm
Sunday 6:30am - 2pm
Facilities
Highlights
- Busy Family Restaurant on Corner Lot
- Stand Alone Building w/4264 Sq. Ft.
- Plenthy of Parking w/32 Spots plus Street Parking
- Banquet Room For Private Parties
- Owen of Business is Owner of Real estate
- Owner Will Carry w/$150,000 Down.
- Rent is Low Per Sq. Ft. at Just Above $14 Sq. Ft
- Business is Fully Staffed
Financing
Demographics
| Population | 1-mi. | 3-mi. | 5-mi |
|---|---|---|---|
| 2014 Total Population | 51,810 | 89,817 | 251,885 |
| Households | 1-mi. | 3-mi. | 5-mi |
| 2010 Number Of Households | 17,915 | 30,087 | 92,859 |
| 2010 Persons Per Household | 2.55 | 2.70 | 2.46 |
| Median House Value | $119,900 | $138,065 | $148,796 |
| Income Per Household | $34,589 | $39,443 | $38,501 |
| Businesses | 1-mi. | 3-mi. | 5-mi |
| 2009 Number Of Businesses | 902 | 1,578 | 6,382 |
| 2012 Number Of Employees | 26,626 | 38,148 | 242,936 |
| 2012 Total Annual Payroll | $488,588,000 | $664,783,000 | $4,294,967,295 |
click for more demographic info
Disclaimer
Notice: The User (that's you reading this) of this Website understands that STONE PATH BROKERAGE SERVICES CORPORATION ("Broker") or its agent(s) do not audit or verify any above information given to or gathered by Broker or its agent(s) from Seller, our Client, or make any warranties or representations as to its accuracy or completeness of the information provided, nor in any way guarantee future business performance. The User should perform a complete and detailed due diligence on the business and or real estate before buying it. In some cases, forward looking statements may have been made but these statements are absolutely no guarantees of future performance of the business as each User has differing skills sets to either grow the business or kill the business. Owning a business is a risky venture, but can also be a rewarding one. The User of this website is solely responsible to examine and investigate the Business and or real estate, its assets, liabilities, financial statements, tax returns, and any other facts which might influence the User's purchase decision or the price the User is willing to pay. Any decision by User to purchase the Business shall be based solely on User's own investigation and that of User's legal, tax, and other advisors and not that of Broker or its agent(s). Any listing information may change at any time without any notice to User. DRE License # 01339409.