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#2349
Tempe

5 Day Breakfast and Lunch in Phoenix - Take the Weekends & Holidays Off!

$79,000
Sold
5 Day Breakfast and Lunch in Phoenix - Take the Weekends & Holidays Off!
This Listing is Sold

Are you looking for a simple restaurant to own and operate where you'll have weekends and holidays off? If so, then take a look at this cozy, office center breakfast and lunch spot that's been in continuous operation since 1989 and the current owner has operated it since 2003. This restaurant is beautifully maintained and fully equipped to service the busy morning, lunch and afternoon snackers.
This restaurant has plenty of inside seating as well as a nice courtyard patio.

If you're a hustler, you'll be able to increase sales by knocking on doors and offering take-out and catering for the local offices. And you want low rent too...currently the landlord has reduced the rent to a low $900 a month which includes a portion of utilities. One of the major tenants move sometime ago, so some day that space will be filled and you'll be looking back at what a steal this business was at the current asking price.

After seven years in this business, the seller is tired of it and wants to move-on.
Great potential for a new owner to build on an a established clientele. Be in business immediately.

This is a Paramount Restaurant Brokers, Inc. DBA SellingRestaurants.com listing.
Broker Mel Jones DRE License #CA00893362 and AZ BR634507000

Lease

Region:
Tempe
Lease Term:
Expires 7/31/2012 + 5 yr option
Total Monthly Rent:
$900
Security Deposit:
$3,200

Financials

Last Year's Annual Gross:
$275,000

Operations

# of Full-Time Employees:
2
# of Family Employees:
1
Hours Open:
Mon-Fri 7-2:30
Year Established:
1989

Facilities

Indoor Seating:
48
Outdoor Seating:
16
Inside Sq. Ft.:
2020

Highlights

  • 5 Day Breakfast and Lunch
  • Continuous operation for over 14 years
  • Located in upscale business center in Metro Phoenix area
  • Fully equipped and meticulously maintained
  • Work Mon-Fri and be home for dinner with the family
  • Current rent reduction to only $900/month inclusive
  • Excellent opportunity to buy right
  • Great opportunity to expand sales, delivery and catering to adjacent office complexes
  • Owner has had a great run but needs to move on
  • Perfect time to negotiate a new lease with motivated landlord

Financing

Will SBA Finance:
Yes
Will Seller Lend To Buyer:
No
This Listing is Sold

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 40,349 166,755 391,118
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 15,001 60,659 136,993
2010 Persons Per Household 2.48 2.52 2.58
Median House Value $188,200 $144,064 $151,257
Income Per Household $38,130 $41,464 $42,277
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 938 3,355 8,883
2012 Number Of Employees 49,432 128,098 324,366
2012 Total Annual Payroll $1,079,917,000 $2,660,142,000 $4,294,967,295

click for more demographic info

Disclaimer

Notice: The User (that's you reading this) of this Website understands that Paramount Restaurant Brokers, Inc. ("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.

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