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#5968
Scottsdale Restaurants For Sale
Phoenix Restaurants For Sale

Low Rent Asset Sale in Incredible Paradise Valley Location!

$115,000
Available
Low Rent Asset Sale in Incredible Paradise Valley Location!



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You won't want to miss this asset sale. Enjoy a prime location with great visibility in one of Paradise Valley's busiest shopping centers, this restaurant is perfect for high-volume quick serve concepts! This location has a surprisingly low rent rate of $2.84 per square foot ALL-IN! For this location, that is an incredible rate. Take advantage of the thriving Paradise Valley market with this incredible opportunity. Well-equipped for virtually ANY quick serve concept, including: Indian, Mexican, American, & more! 

2nd-generation restaurants like this are hard to come by in this market. Why invest upwards of $300,000-$400,000 into building out an empty shell? With this asset sale, you can get a $300,000+ build-out for only $115,000! Not to mention, you have the opportunity to assign onto a lease with an incredible rate of $2.84 per square foot. Current owners purchased and built out this restaurant in 2018. The kitchen is very well-equipped and will work for almost any concept with little-to-no changes necessary. Plus, the equipment is just a few years old and is in excellent operating condition. You could have your restaurant up and running in less than a month!

The restaurant features 1,400 s/ft at a rent of $3,979 all-inclusive. Indoor seating accommodates 34 guests with outdoor seating allowing for 22 more guests. Current operating hours of this business are 11:00-2:30 pm & 5:30-9:00pm Tuesday through Sunday. Current owners have 1 full-time employee, 3 part-time employees, & 2 working owners.  The shopping center is very large and provides an ample amount of parking. 

Owners are looking to relocate to a larger space that better suits their concept. 

This is a Paramount Restaurant Brokers, Inc. listing.
Vice President Sales Kyle Swanson DRE License #Arizona SA692125000 California 02121077

Lease

Region:
Scottsdale Restaurants For Sale
Phoenix Restaurants For Sale
Lease Term:
Expires July 31, 2023 + 2-year option
Total Monthly Rent:
$3,979

Operations

# of Full-Time Employees:
1
# of Part-Time Employees:
3
# of Working Owners:
2
Hours Open:
11-2:30pm 5:30-9:00pm
Year Established:
2018
Hood System Type 1:
Yes
Hood System Type 2:
Yes

Facilities

Indoor Seating:
34
Outdoor Seating:
22
# of Parking Spots:
Plenty
Inside Sq. Ft.:
1,400

Highlights

  • 2nd Generation Restaurant
  • Quick Serve
  • Asset Sale
  • Great Paradise Valley Location
  • Perfect For Any Quick Serve Concept
  • Indian Restaurant
  • Heavy Foot Traffic
  • Great Visibility
  • Ample Amount of Parking
  • $300,000+ Buildout

Financing

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

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 70,153 119,432 276,663
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 25,991 46,587 107,972
2010 Persons Per Household 2.49 2.38 2.37
Median House Value $156,100 $165,296 $215,816
Income Per Household $48,461 $47,199 $61,795
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 1,548 2,304 7,205
2012 Number Of Employees 34,598 48,204 164,786
2012 Total Annual Payroll $495,918,000 $699,805,000 $3,280,166,000

click for more demographic info

Disclaimer

DISCLAIMER: 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 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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