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Business For Sale
FREE STANDING TEMPE RESTAURANT (PERFECT LOCALE)
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Asking Price: |
$295,000
USD USA Dollars
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Business for Sale Industry: |
Food & Beverage: Restaurants, Fast Food, Deli
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Reason for Selling:
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Other Business Interests |
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Year Established:
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1978 |
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# of Employees:
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2 FT 6 PT |
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Yearly Cash Flow:
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$120,000 |
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Yearly Net Profit:
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$120,000 |
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Yearly Gross Income:
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$425,000 |
Business for Sale Overview:
This particular business has been at the same location on an extremely busy intersection of Tempe for over thirty years. In that time, it has made quite a reputation for itself, boasting tremendous food and quality service at a great price. Seating is approximately 155 patrons in this free standing building, and the kitchen is a vision of beauty with a ton of space for multiple cooks. Last year the owner claimed his gross sales to be $425K with an overall net profit of about $125K, provable. The sales price is $295K and for a location like this one, it's going to be hard to find a better existing restaurant with history than this one is. There's probably some wiggle room in the overall sales price so act fast!
Property Features and Assets:
Over 4000 square feet in a free standing building, located on an enormously popular major intersection in the Tempe area, a very large kitchen accompanies the business with tons of room to store food and products. Seating is in the range of 155 patrons. Very clean inside and out.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- The owner is not willing to work for the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
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