Chinese Restaurant In Phoenix For Sale

Business description

Beautifully decorated and well established full service Chinese Restaurant has been very popular since 1988. Owners have maintained a very clean and welcoming atsmophere for their well established customers. They have a private dining room that seats 38. This is perfect for private parties and meetings. Great shopping center location in North Phoenix.

Property information

Real Estate:

Lease

Lease terms:

Monthly rent $6,500. Lease expires May 2021 and has a 10 year option to renew. Lease deposit $6,500.

Size in square feet:

3,705

Business Operation

Reasons for selling:

Career Change

Trading hours:

M-Th 11:30a-9:30p; Friday 11:30a-10p; Saturday 5p-10p; Sunday noon-9p

Employees:

7ft & 1 pt

Years established:

1988

Other information

Support & training:

2 weeks

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

$207,500 down payment. Monthly payment $4,011.56; 5 years; 6% interest.

Furniture / Fixtures value:

$150,000 (included in the asking price)

Inventory / Stock value:

$5,000