This Japanese Restaurant and Bar is a Sushi and Ramen Izakaya, currently absentee-run with increasing sales, current annual sales of $754,786, year over year increase of 15%. The center has just gone through a renovation and a new ALDI is under construction and set to open within a couple months as the new anchor tenant of the complex. The location is 1,968 square feet and is situated in Phoenix near the Phoenix Mountains Reserve and has a great corner location for being seen by the street.
The restaurant dining room was a custom build out and is inspired by a traditional Japanese Ramen and Izakaya theme with some anime accents. The current owner of the restaurant paid for the lease hold improvements himself, taking no allowance from the landlord, keeping the rental rate low. Low Prime Costs and a low rental to sales ratio provide an extremely solid financial foundation to continue running absentee and increase profits quickly with the continued increasing of sales, as is expected with a new tenant anchor, or to instantly increase profits dramatically as an owner operator.
Current staffing is about 15 employees, with the owner only doing occasional in person check ins when necessary and for managerial face to face meetings, owner does not take part in day-to-day functions. Base Rent: $4,430.00 (3% annual increase) NNN: $1,053.
84 Total: $5,483.84 Just 8.7% of Sales(INCLUDING NNN!
) Owner is offering a very generous owner financing option to qualified buyers with restaurant experience....