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#5890
Mesa Restaurants For Sale

Chinese Restaurant in Mesa

$400,000
Chinese Restaurant in Mesa
This Listing is Expired

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!

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

Lease

Region:
Mesa Restaurants For Sale
Lease Term:
12 years + 5 year option
Total Monthly Rent:
$4,323
Security Deposit:
$3,915

Financials

Last Year's Annual Gross:
$1,068,979
Last Year's Owner's Cash Flow:
$223,007
Last Year's Food Cost %:
25.4
Last Year's Rent %:
4.9

Operations

# of Full-Time Employees:
6
# of Part-Time Employees:
1
Hours Open:
7 days per week 11am-3pm/4:30pm-10pm
Year Established:
2017
Hood System Type 1:
Yes
Hood System Type 2:
Yes

Facilities

Indoor Seating:
125
# of Parking Spots:
Ample
Inside Sq. Ft.:
3,345

Highlights

  • Profitable Chinese Restaurant
  • Low Rent
  • High Volume
  • Busy Shopping Center
  • High Traffic
  • Award Winning
  • Best Chinese Restaurant in Mesa
  • Loved By Locals

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
Yes
Seller Carryback of Purchase Price:
50%

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 51,810 89,817 251,885
Households 1-mi. 3-mi. 5-mi
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
Businesses 1-mi. 3-mi. 5-mi
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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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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