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#6230
Scottsdale Restaurants For Sale

Profitable Thai and Sushi Business in North Scottsdale

$250,000
Available
Profitable Thai and Sushi Business in North Scottsdale



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SUMMARY

This is the best Thai and Sushi restaurant in the Scottsdale area serving fresh traditional Thai food as well as wonderful Sushi.  I encourage you to try it because I'm not exaggerating!  The neighborhood has welcomed this restaurant with great sales numbers as well as great growth, making it a profitable business on tax returns! The partners have decided to part ways and are selling this business at a bargain price.  But the most attractive point of this restaurant is the low, low rent for the North Scottsdale area!  All-in rent is in the $2,300 range including CAM for more than 2,000 Sq. Ft. plus a patio facing east!  So there's shade in the late afternoon. 

WORK ONLY 6 EVENINGS A WEEK!

This restaurant is open 6 nights a week, no lunches. It serves full liquor as well as beer and wine.  It has a small sushi bar.  The owners have trained staff to make the food with recipes, but you should have knowledge of the food.  So if you're good at managing people and good at knowing what good Thai food taste like with knowledge of how to cook it, then this restaurant is your dream and a steal at this low price. Here are the Sales by Month:

2021 2022
   
             56,242.84              73,497.24
             55,322.76              69,585.10
             60,940.12              74,778.08
             61,093.82              68,399.86
             60,473.88              61,202.84
             54,644.06              51,445.89
             54,165.50              53,652.20
             58,619.35              50,962.21
             55,719.39              55,143.23
             61,197.03  
             61,958.29  
             72,286.06  
 $             712,663  $             558,667

SBA LOAN

This business qualifies for an SBA loan with 20% down. Buyer will need to have restaurant experience - perhaps in the Asian restaurant business - good credit and plenty of cash on hand or assets to prove you've been successful in business. 

THE NUMBERS

2022 Sales appear to be up about 8% over 2021 as of September 2022. 2021 Sales were $713,807 with working owner cash flow of $155,270 with food cost slightly more then 27%. The owners have been increasing prices during 2022 to offset food inflation. Heading into the holiday season, the cash flow through September is about $101,000.  The rent factor is a low 6.5% in 2021. 

PRIVATE LISTING

This is a highly confidential listing and all parties must sign digital NDA and be pre-qualified in order to obtain the name and address of this business. 

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

Lease

Region:
Scottsdale Restaurants For Sale
Lease Term:
Expired Dec 31, 2023 + 5 Year Option
Total Monthly Rent:
$2,300
Security Deposit:
$2,202

Financials

Last Year's Annual Gross:
$713,807
Last Year's Food Cost %:
27.5
Last Year's Rent %:
6.5

Operations

Liquor License:
#12
# of Full-Time Employees:
5
# of Part-Time Employees:
6
# of Family Employees:
4
# of Working Owners:
4
Hours Open:
Tuesday - Friday 3-8:30 and Saturday & Sunday Noon to 8:30.
Year Established:
2019
Hood System Type 1:
Yes

Facilities

Indoor Seating:
50
Outdoor Seating:
22
# of Parking Spots:
Plenty
Inside Sq. Ft.:
2,028
Outside Sq. Ft.:
200

Highlights

  • Super Low Rent
  • Nice North Scottsdale Neighborhood
  • #12 Liquor License
  • Open only Dinners 6 Nights a Week Except Sat.
  • Good looking restaurant
  • Kitchen Trained to Make Thai Food
  • Good sales growth
  • Great Landlord - Very Supportive

Financing

Down Payment:
$50,000
Will SBA Finance:
Yes
Will Seller Lend To Buyer:
No

Demographics

Population 3-mi. 5-mi
2014 Total Population 23,930 116,776
Households 3-mi. 5-mi
2010 Number Of Households 8,976 48,235
2010 Persons Per Household 2.38 2.13
Median House Value $552,700 $408,013
Income Per Household $95,515 $78,322
Businesses 3-mi. 5-mi
2009 Number Of Businesses 536 5,847
2012 Number Of Employees 5,312 142,760
2012 Total Annual Payroll $123,876,000 $3,687,370,000

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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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