For Sale
$899,000

Chinese Restaurant for Sale Owner Benefit $271 000 Well-EstablishedChandler, AZ 85224

Established Chinese eatery, high profits.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional opportunity presents a well-established Chinese restaurant for sale in Chandler, Arizona. Boasting 9,720 square feet of space, this turnkey operation has thrived for 18 years, consistently generating nearly $2.5 million in annual sales and a substantial owner benefit. The restaurant features a fully equipped kitchen, ideal for dim sum or buffet service, and comfortably seats approximately 200 patrons. Currently operating under a lease expiring September 29, 2026, with a monthly rent of $28,500, the restaurant is situated in a high-traffic commercial district, benefiting from the daily flow of 45,000 vehicles. The business includes extensive equipment, detailed in a comprehensive list available during due diligence, encompassing everything from woks and steamers to refrigeration, dining furniture, and point-of-sale systems. The current owner is retiring, presenting a unique chance for a buyer to step into a profitable, established business within a vibrant Asian business community. The restaurant employs 38 people and is SBA lending qualified, allowing for purchase with as little as 20% down payment and good credit. This is a rare opportunity to acquire a thriving restaurant in a rapidly growing market. The building was constructed in 2006 and includes a functional hood system. Inventory is not included in the asking price of $899,000.

Highlights

  • $899,000 asking price for a well-established Chinese restaurant.
  • $2.5 million in annual gross revenue and $421,000 owner benefit.
  • Leased 9,720 square foot restaurant in Chandler, AZ, with a lease expiring October 2026.
  • Monthly rent is $28,500.
  • Seats approximately 200 patrons; fully equipped kitchen ideal for dim sum or buffet service.
  • SBA lending qualified, allowing for purchase with 20% down.

Property Details for Chinese Restaurant for Sale Owner Benefit $271 000 Well-Established

Property type
Retail properties, Restaurants
Square Feet
9,720 SF
Year Built
2006

Location Insight

City
Chandler
County
Maricopa
State
Arizona
Latitude
33.3260297
Longitude
-111.8747445
Chinese Restaurant for Sale Owner Benefit $271 000 Well-Established, Chandler, Arizona

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Chinese Restaurant for Sale Owner Benefit $271 000 Well-Established
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