Selling Restaurant
See More
About Us
Contact Us
Search Selling Restaurants Listings
#3170
Area: Tempe

Elegant Casual Italian Family Restaurant w/Real Estate & Assumable SBA Loan of $950,000

Elegant Casual Italian Family Restaurant w/Real Estate & Assumable SBA Loan of $950,000
This Selling Restaurants Listing is Expired
General Info
Specs
Highlights
Name/Address
Disclaimer

CALL FOR THE PRICE! If you've been looking for a classy Italian restaurant where you're the landlord, then you've got to take a look at this business that includes the real estate. There is approximately $1 million of assumable loans on the property.

The restaurant has built a Long Standing reputation of great food, service, and experience throughout the Mesa community.

There are 5,300 Sq. Ft. in this stand alone building that was built in 2008.

This restaurant is located in a high growth and upscale area of Mesa Arizona and has been in business for more than 10 years in the Mesa area and moved to this new location in 2008.

Over the years, as their business blossomed, they outgrew their original location. In 2008 they made a short move to a beautiful, brand new facility that added a new elegance and ambience to their reputation for outstanding cuisine, value and service. The beautiful entry foyer leads to the main dining room featuring booth seating, as well as flexible table and chair combinations. There is a small intimate bar area where beer, wine and liquor is served (license #12).

Just past the fountain the rear dining area looks out onto the patio and outside play court and can accommodate private parties and large groups up to fifty in the flex dining space as well as regular diners.

The entire restaurant is filled with natural light, dark woods and intimate spaces. The exceptional kitchen is state of the art and fully equipped to accommodate the busy dining room, take out and catering as well. The kitchen is huge and features two complete cooking lines for hot and cold preparation. In addition there is a complete pizza bakery.

The owners wish to return to the Midwest creating a unique opportunity to purchase this turnkey business. The price includes the real estate and business.

The monthly cost to purchase this property is actually less than comparable leased space and there is nothing to build out, equip or furnish. The assumable SBA guaranteed loan features an interest rate of prime + 2.75%. This equates to current monthly payment of approximately $6,500 or only $14.75/sq ft. The restaurant features 5,300 square feet of beautifully finished space in a free standing building and a business that is growing and thriving. The facility is only two years old and has been meticulously maintained.

This is an opportunity to purchase a thriving business in a great location at an affordable price and great financing.

This is a Paramount Restaurant Brokers, Inc. DBA SellingRestaurants.com listing.
Broker Mel Jones DRE License #00893362
Listing Status:
Expired
Price:
$
Down Payment:
Location:
Tempe
Last Year's Annual Gross:
$895,000
Last Year's Owner's Cash Flow:
$249,153
Liquor License:
#12
Indoor Seating:
135
Outdoor Seating:
20
# of Parking Spots:
Plenty
# of Full-Time Employees:
12
# of Part-Time Employees:
6
# of Family Employees:
2
Hours Open:
Sat& Mon 4-10
Tues-Fri 11-10
Sun: 4-9
Year Established:
2002
Inside Sq. Ft.:
5300
Outside Sq. Ft.:
1000
Lot Sq. Ft.:
6600
Total Building Sq. Ft.:
Hood System Type 1:
Yes

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.


Terms Of Use     © 2017 Powered by BBMT Inc.