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#4023
Phoenix Restaurants For Sale

Gorgeous Asian Restaurant w/Bar in AAA Location! Must See This One!

$120,000
Gorgeous Asian Restaurant w/Bar in AAA Location!  Must See This One!
This Listing is Expired

THE SETTING

Can't decide whether you're hungry for Chinese or sushi? No problem. At this friendly restaurant near South Mountain, you can have both. Although the name suggests you'll actually get a little bit of everything (meaning, Korean, Thai, Vietnamese, etc.), the menu is mostly limited to Chinese standards and way-out sushi, with a few Thai dishes thrown in for good measure. The decor reflects the restaurant's multiple personalities, featuring modern light fixtures, a Chinese wall scroll, pictures of Japanese geisha and a mosaic of the Western (not Chinese) zodiac. It all comes together nicely, however, to create a space that's trendy but comfortable. If you love Szechuan, you'll be disappointed here. The restaurant's setting sends one back in time when things were simpler in life, fitting the artsy environment of the town. Come inside the restaurant and you're sent back in time 60+ years when Eisenhower was president, Rock N' Roll was in its infancy stage, there were no super highways, and stops like these were where the folks would cool-off their pallets with an ice cold beer a good ole burger and some great conversation.

MORE STATS AND INFO

This is an amazing build out and a true chef’s kitchen. The building has about 3500 square feet inside and about 1000 square foot patio owner has all in storage. This restaurant has inside seating for 101 patrons and with est. 1000 square feet outside you can see that this has it all. There are 7 full time employees with 10 part-time and 2 family full-time.

This restaurant business has been established for more than 5 years. The demographics for this area are good income earners; tend to be visitors to the area, so the detailed demographics are a bit more complex than a mere report showing the town's demographics.

Conversation

This space can be use for many different restaurant themes, the build out is just beautiful and the kitchen design is a chef’s dream kitchen.

This is a Paramount Restaurant Brokers, inc. listing

This is a Stone Path Brokerage Services, Inc. DBA Selling Restaurants San Diego listing.
Broker of Record Rob Tade DRE License #01339409

Lease

Region:
Phoenix Restaurants For Sale
Lease Term:
Call Broker
Total Monthly Rent:
$11,500

Financials

Last Year's Annual Gross:
$856,000
Last Year's Owner's Cash Flow:
$59,928

Operations

Liquor License:
12
# of Full-Time Employees:
6
# of Part-Time Employees:
10
# of Family Employees:
2
Hours Open:
M TO TH 11 TO 10 PM
FRIDAY 11 TO 1 PM
SAT 12 TO 11PM
SUN 12 TO 10PM
Year Established:
2008
Hood System Type 1:
Yes

Facilities

Indoor Seating:
101
Inside Sq. Ft.:
3,500
Outside Sq. Ft.:
1000

Highlights

  • WONDERFUL AND BEAUTIFUL BAR
  • GREAT LOCATION
  • UPSCALE RESTAURANT
  • NICE EQUIPPED RESTAURANT

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
No

Demographics

Population 3-mi. 5-mi
2014 Total Population 67,272 396,914
Households 3-mi. 5-mi
2010 Number Of Households 20,016 131,067
2010 Persons Per Household 3.03 2.74
Median House Value $114,100 $163,439
Income Per Household $42,768 $55,593
Businesses 3-mi. 5-mi
2009 Number Of Businesses 1,011 8,177
2012 Number Of Employees 23,938 214,598
2012 Total Annual Payroll $382,822,000 $4,046,414,000

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.


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