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#5411
Chandler

Asian Cuisine in Chandler

$50,000
Available

Nestled in the beautiful and growing Chandler Arizona, this authentic Asian Restaurant sits facing the main street with great visibility. The interior is adorned with statues and eye-catching décor throughout. Seating is comfortable and spaced throughout the dining area. Tables can be easily arranged to accommodate large parties. This Asian Restaurant has fully equipped kitchen large hood system. Easy to work and prepare food.

Own states business is profitable and will verify gross and net earnings.

Owner must sell ASAP for another opportunity so broker was instructed to bring all offers.

  • Owner will verify $70,000+ net profit.
  • Owner will carry with 50% down and believes in his business.
  • Great Chandler location.
  • 60+ seating.
  • Catering will add to profit.
  • Kitchen is set-up for wok style cooking.
  • Owner is motivated and will carry.

Restaurant is open from 11AM to 2:30 pm. for lunch and 5pm. to 10pm. for dinner and closed every Tuesday. Dinner specials are offered daily, plus has a growing catering business which continues to grow and add profit.

Seller states he is netting $5000+ per month, SellingRestaurants of Arizona has not verified these earnings and Buyer must do their own due diligence.

This is a MJS Business Sales, LLC. an Arizona Limited Liability Company listing.
Broker Michael Shanley DRE License #BR035540000

Lease

Region:
Chandler
Lease Term:
2.5 years 1/5 option
Total Monthly Rent:
$4,338

Financials

EBITDA:
70000

Operations

# of Full-Time Employees:
2
# of Part-Time Employees:
5
# of Working Owners:
2
Hours Open:
closed tuesday

lunch 11 am. to 2:30 pm.
Dinner 5 pm. to 10 pm
Year Established:
8/2016
Hood System Type 1:
Yes

Facilities

Indoor Seating:
60
Inside Sq. Ft.:
1600

Highlights

  • Asian food
  • Restaurant for sale
  • Chinese food
  • owner will carry
  • low cost
  • Great location
  • owner motivated

Financing

Down Payment:
$32,500
Will SBA Finance:
No
Will Seller Lend To Buyer:
Yes
Seller Carryback of Purchase Price:
50%

Demographics

Population 3-mi. 5-mi
2014 Total Population 38,369 56,442
Households 3-mi. 5-mi
2010 Number Of Households 14,624 20,786
2010 Persons Per Household 2.55 2.59
Median House Value $228,500 $261,258
Income Per Household $74,005 $86,766
Businesses 3-mi. 5-mi
2009 Number Of Businesses 1,343 2,390
2012 Number Of Employees 73,420 129,814
2012 Total Annual Payroll $2,333,166,000 $3,998,265,000

click for more demographic info

Disclaimer

DISCLAIMER: The User (that's you reading this) of this Website understands that MJS Business Sales, LLC. ("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 addition to seeking professional advice from an attorney as well as a CPA.  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 (if included in the sale), 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. In most cases, the Broker represents the Seller who is our principal, but the Broker owes the User a duty of fair and honest dealings.  Any decision by User to purchase the Business shall be based solely on User's own investigation and the 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 and User should often review the listing on the website to keep up to date.

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