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#5905
Tempe Restaurants For Sale
Phoenix Restaurants For Sale
Mesa Restaurants For Sale

Near Turnkey Restaurant With Large Event Hall Priced To Sell!

$60,000
Near Turnkey Restaurant With Large Event Hall Priced To Sell!
This Listing is Expired

Near-turnkey restaurant & bar perfect for hosting weddings, birthdays, company events, and more! Located near a busy intersection in Mesa, Arizona. This restaurant is priced to sell at $75,000! Current owner has invested over $250k in renovations and upgrades to the restaurant after purchasing in December of 2019. Improvements include upgrading the equipment, bringing the space up to health code, redesigning the dining halls, and much more. Due to the Covid situation and personal circumstances the owner closed during the shut down and decided not to reopen. During the 5 weeks that the restaurant was open, seller had promising sales & success in booking events. Three events alone were enough to cover costs for over two months! Work the marketing and advertising for large events to capitalize on this opportunity. 

The restaurant served Mexican cuisine with an American twist, but can service almost any concept. Concepts that would work well with this space include Chinese, Mediterranean, Italian, American, and more! The restaurant is 6,200 square feet. Contact agent for lease information. During its time of operation there were 6 full-time and 6 part-time employees staffed. They operated Tuesday - Sunday, 11am-9pm on weekdays and 9am-10pm on weekends. Operations will of course vary depending on concept. There is an ample amount of parking in the shopping center. 

List of Equipment Available Upon Request!

Buyers will need to have a credit score over 700, enough cash available to cover the transaction, and significant experience in owning & operating restaurants to qualify!

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

Lease

Region:
Tempe Restaurants For Sale
Phoenix Restaurants For Sale
Mesa Restaurants For Sale
Lease Term:
Contact Agent For Lease Information

Operations

# of Full-Time Employees:
6
# of Part-Time Employees:
6
Hours Open:
11am-9pm weekdays
9am-10pm weekends

Currently closed
Year Established:
2020
Hood System Type 1:
Yes
Hood System Type 2:
Yes

Facilities

Indoor Seating:
250
# of Parking Spots:
Ample
Inside Sq. Ft.:
6,200

Highlights

  • Large Dining Hall
  • Fine Dining
  • Restaurant With Bar
  • Great Kitchen
  • Priced to Sell
  • Event Hall
  • Catering Events
  • Buffet Hall

Financing

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

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 39,893 79,496 385,598
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 15,628 28,481 144,825
2010 Persons Per Household 2.38 2.56 2.46
Median House Value $151,700 $136,311 $170,616
Income Per Household $42,649 $39,913 $50,316
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 880 2,097 11,601
2012 Number Of Employees 29,150 69,106 478,778
2012 Total Annual Payroll $526,727,000 $1,287,471,000 $4,294,967,295

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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