You've got to take a look at this award-winning Chinese restaurant in a high-traffic shopping center in Mesa. This restaurant has been featured in the Arizona Republic, Best of Phoenix, Phoenix New Times, and more as the number one Chinese restaurant in Mesa & the top 5 in the greater Phoenix area. The critically acclaimed Biang Biang noodles are to die for and a must have! This restaurant combines the unique cuisine of the Shaanxi Province with modern Chinese menu options. The restaurant offers live performances and shows which drew in hundreds of hungry and happy regulars on the weekends. It has become a landmark cultural destination for individuals in the surrounding Mesa community.
The 2019 gross sales were over $1,000,000 with $311,442 in adjusted net income! Prior to Covid the restaurant drew in large dine-in crowds that enjoyed the immense culture and artwork from the Shaanxi Province. The restaurant currently operates at a limited dine-in capacity and is working the delivery and take-out side of the business. Sales during Covid have been strong considering the heavy transition from a dine-in experience to a take-out/delivery model. in December of 2020, this restaurant had $77,307.55 in gross sales! The owner has worked tirelessly to provide an immersive cultural experience that not only provides the best Chinese food in Mesa, but also gives the customer a taste of their culture.
One of the most attractive aspects of this restaurant is the super low rent. At over 3,345 square feet the rent is only $2,425 + $1,898 of CAM/NNN! The lease is on a 12-year term with an additional 5-year option. Indoor dining seats 125 people and there is ample parking as it is located in a large shopping center. The shopping center includes a large grocery store as the tenant anchor as well as many other successful businesses providing a tremendous amount of visibility and traffic.
Buyers for this restaurant will need to have solid restaurant experience, FICO credit score above 700, and a great track record with sound tax returns. To maximize the potential of this restaurant, continue to advertise and market the delivery/takeout aspect of this business. Work with Grubhub, Doordash, Postmates, etc. to maximize the delivery volume while we wait for the Covid situation to die down. Once the pandemic is over, bring back the live performances and dine-in services that locals have flocked to for years!
|2014 Total Population||51,810||89,817||251,885|
|2010 Number Of Households||17,915||30,087||92,859|
|2010 Persons Per Household||2.55||2.70||2.46|
|Median House Value||$119,900||$138,065||$148,796|
|Income Per Household||$34,589||$39,443||$38,501|
|2009 Number Of Businesses||902||1,578||6,382|
|2012 Number Of Employees||26,626||38,148||242,936|
|2012 Total Annual Payroll||$488,588,000||$664,783,000||$4,294,967,295|
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