Chinese Restaurant for Sale Owner Benefit $271 000 Well-Established, Chandler, AZ 85224
- Retail properties & Spaces
- 9,720 SF
Current Use by Public Records
- Retail properties & Spaces
Property Details for Chinese Restaurant for Sale Owner Benefit $271 000 Well-Established
- Year built
- 2006
- Property type
- Retail properties & Spaces
- Property subtype
- Restaurants
Description
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.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Chandler
- County
- Maricopa
- State
- Arizona
- Longitude
- -111.875
- Latitude
- 33.326
