Asian Restaurant For Sale
Description
Great north-central Tucson restaurant in busy shopping center with ample parking. Neighborhood and university traffic. Asset divestment. Gorgeous tenant improvements, 2400 sq. ft plus patio. Seating for 90. Stainless equipment purchased new in 2006 includes some high-end, custom made equipment and buildouts. Estimated current market value is $200,000. Business was operating with a #12 liquor license. Very favorable long-term lease with option. Seller will arrange training from management currently operating the other two Asian Restaurants of the same name, which together bring in annual revenues exceeding $1,000,000. This restaurant has not been in operation this year but all of the equipment is in place. An amazing opportunity to enjoy the same type of success and name recognition!Included in asking price
Furniture / Fixtures included
Sales Revenue
500
Net Profit
250
Years Established
2
Location
Near University
Competition/Market
Asian restaurants are very popular. This particular model is healthy and streamlined.
Support/Training
Training will be made available to a buyer in the operation of the business model currently very successful in the other two like named restaurants in Tucson.
Reasons for Selling
Seller wishes to divest himself of this asset and possibly the other two restaurants as well.
Finance Available
Cash
Furniture/Fixtures Value
$200,000 (included in the asking price)
Tenure
Leasehold
Lease Terms
Facilities: 2400 square feet plus patio Lease: $4500 with CAMS Lease Term: Lease through 2016 with option