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#3280
Tempe

Major East Valley Mall Food Court Location For Sale at a Low Price!

$34,900
Sold
Major East Valley Mall Food Court Location For Sale at a Low Price!
This Listing is Sold

Have you been looking to get into a Mall food court? Well here is a rare opportunity to do so.

THE BUSINESS: This great burger and sandwich shop has been a fixture in this major East Valley Mall since 1992. This is a prime location directly at the entrance to the Food Court and the mall stores. The mainstays on the menu include great burgers, hand dipped shakes, crisp fries and more. This is the only burger place in the food court.

This is an asset sale and at this price please don't ask for financials for other than and understanding of the restaurant's operating cost history.

THE LEASE/LOCATION: The rent is fixed at 10% of sales which include all the CAM charges. Did we mention the hundreds of seats available in the food court area too. There are thousands of daily visitors to the mall and hundreds of mall store employees to draw from.

DEMOGRAPHICS 3 mile area:
2009 Total Daytime Population 366,905
2009 Total Daytime Work Population 189,347
2009 Total Population 410,629
2009 Median Household Income $53,392
2009 Restaurant Expenditures $644,135,232

THE STORE: Everything you need to operate your new store is in place. This store is fully equipped and ready to go.

REASON FOR SELLING: The owner just went through a divorce and needs to earn more income as a result.


Revenues have been steadily increasing for this business.

The owner is anxious to make a great deal and has priced it to sell. The last business to sell in the Food Court went for thousands more and did not have twenty years of history or loyal customers.
Come and have a great burger and shake and take a look at this great opportunity.

Please don't disturb the owner.

A Paramount Restaurant Brokers, Inc. Listing. 

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 8/31/2013

Financials

Last Year's Annual Gross:
$253,000
Last Year's Owner's Cash Flow:
$30,000

Operations

# of Full-Time Employees:
1
# of Part-Time Employees:
6
Hours Open:
M-Sat 10-9
Sun 11-6
Year Established:
1992
Hood System Type 1:
Yes

Facilities

Inside Sq. Ft.:
680

Highlights

  • Prime Food Court Location in Major East Valley Mall
  • Twenty Years Under the same Ownership
  • Turn Key and Ready to Go
  • Excellent Location at the Entry to the Food Court
  • Only Burger Store in the Mall
  • Highly Motivated Seller
  • AMAZING LEASE! Rent is 10% of Gross Sales no minimum!!!
  • Profit Advertised is 7 Months Results Through Jan. 2011

Financing

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

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 39,893 79,496 385,598
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 15,628 28,481 144,825
2010 Persons Per Household 2.38 2.56 2.46
Median House Value $151,700 $136,311 $170,616
Income Per Household $42,649 $39,913 $50,316
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 880 2,097 11,601
2012 Number Of Employees 29,150 69,106 478,778
2012 Total Annual Payroll $526,727,000 $1,287,471,000 $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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