Semi-Absentee-Run Mediterranean Restaurant!!

Chandler, AZ
Maricopa County

Asking Price: Annual Revenue:
$200,000 $740,000

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Semi-Absentee-Run Mediterranean Restaurant!! Broker: Mike Darmo
Owner Financing is Available!
$120,000 down the seller will carry the balance of $80,000 for 4 years at 6.5%

Quick Facts

Asking Price: $200,000
Annual Revenue: $740,000
Net Profit: Not Disclosed
Cash Flow: $60,000
Total Debt: Not Disclosed
FF&E: $85,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 248559836
Broker Reference #: Not Disclosed

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Business Overview:

This very busy Bistro serving authentic Italian dishes and great pizza in East Mesa/Gilbert is a proven money maker. It is a well-established restaurant located in a very busy center with plenty of parking. The newly assumable lease has an unbelievable below market rent and has space to expand in the next suite next door. This appealing restaurant and outdoor patio with a small intimate full bar is in a growing higher income area. This is an ideal opportunity for a hands- on Operator or Chef to own an established restaurant with great authentic dishes, and #12 Liquor License. The net income would grow substantially with an owner overseeing all operation and controlling food cost. Currently the owner is semi-absentee and their presence is not as necessary. The growth opportunities for delivery, catering and hosting functions are extensive. The owner is also offering seller financing with $120,000 down the seller will carry the balance of $80,000 for 4 years at 6.5%. This outstanding restaurant is priced well for a quick sale. HURRY UP THIS DEAL WONT LAST.

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Property Features and Assets:

Wait till you see the pictures I will send to see how beautiful the restaurant is.

Market Competition and Expansion:

The prime location in a very busy strip mall. The area is growing rapidly with higher income demographics. As is the case everywhere, there are other restaurant concepts in the area,but, this upscale restaurant concept has very limited nearby competition. This restaurant has a proven history of growth, profitability, great customer base and success. The growth possibilities are significant. Use of delivery services has just begun and will grow with time. There is significant opportunity for catering both off site as well as on site. The dining hours should be expanded to include Sunday service. This change is expected to significantly increase revenues.

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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