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#4582
Scottsdale

Good North Scottsdale Area - Low Rent - Nice Upscale Dining

$100,000
Sold
Good North Scottsdale Area - Low Rent - Nice Upscale Dining
This Listing is Sold

Go Visit This Restaurant.  Select "Want Name/Address" and take a drive out!

RENT IS ONLY $2,200 PER MONTH! THAT'S WORTH MORE THAN THE PRICE ALONE!

This beautiful restaurant facility is a great steal not only because the rent is so low at $2,200 a month, and not because the neighborhood has limited restaurant spaces available, and not because the current volume in 2017 was $265,000 for a 5 day a week dinner business where there is certainly an opportunity to expand to 7 days as well as add lunch in the winter months, and not because it is located in a high-end neighborhood of North Scottsdale; rather because the rent savings alone worth more than the asking price. 

How do I figure you may ask.  Simple math. The business owner is the landlord and he's more interested in finding a solid tenant than running a restaurant. The lease rates in the area are least twice as much.  That's a monthly savings of at least $2,200.  A location in this area leases for $36-$45 Sq. Ft. This space is a bit more than $1 SF, saving one no less than $26,400 a year. This translates into a rent savings of more than $143,000 over 20 years. 

Oh and did I mentioned the restaurant is gorgeous and recently had the entire dining area renovated with high ceilings and crafted AC ducts? 

Let's sweeten the pie here. The landlord will consider giving two months of free rent to help you get your new concept off to the races for the right buyer!

This restaurant seat 60, with a 750 Sq. Ft. patio on the east side of the building  where there is shade in the afternoon.

The kitchen has a well thought-out design, making cooking simple and efficient. You need to come see it. There is a walk-in cooler, large hood system and plenty of prep areas, with 10 stove burners, 3 ovens, one 3 ft. grill, one counter-top electric fryer with 1/2" gas line available for a large deep-fryer and a deep fryers, gas pasta cooker with water spout boils water in 5 minutes. 

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

Lease

Region:
Scottsdale
Lease Term:
New Lease with up to 20 year Term
Total Monthly Rent:
$2,200

Financials

Last Year's Annual Gross:
$265,000

Operations

Liquor License:
12
# of Full-Time Employees:
8
Hours Open:
Tuesday-Saturday 4pm - 10pm
Year Established:
2007
Hood System Type 1:
Yes

Facilities

Indoor Seating:
60
Outdoor Seating:
20
# of Parking Spots:
30+
Inside Sq. Ft.:
2028
Outside Sq. Ft.:
800

Highlights

  • Rare 85259 Restaurant Space For Sale
  • Small Bar Area
  • Currently a #12 license is on Premises
  • Nice Kitchen
  • Perfect Area for Mexican Food
  • High Income Area
  • Great restaurant for a steak house
  • Dream Kitchen for a Chef
  • Beautiful Patio
  • Great Lease for Scottsdale

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
No
This Listing is Sold

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

click for more demographic info

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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