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114 N Cortez Street

Prescott, AZ 86301
  • $175,000
  • STATUS: Active
  • ON SITE: 157 Days
  • MLS #: 1039940
UPDATED: 51 min ago
$175,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,844
    SQFT
  • $95
    $/SQFT
Type:
Business Opportunity
Built:
1971
County:
Area:

School Ratings & Info

Description

Chi's Cuisine a causal dinning Chinese restaurant located in the heart of downtown Prescott just steps from the Courthouse Square. This is a rare opportunity to purchase this full-service, turnkey restaurant business opportunity. The 40 seat dine-in restaurant offers 1,244 sf on the mail level which includes 20 seats, buffet line and take out counter, full-service kitchen area and a restroom. In addition, there are 20 seats located on the 2nd floor which is approx. 600 sf. Chi's Cuisine has been operating at this location for over 20 years with the current owner operating since July of 2008. Owner is selling for personal reasons but is willing to train for a negotiated period and stay on as a cook in a parttime capacity. Since March of 2020 due to Covid 19, the restaurant closed its inChi's Cuisine a causal dinning Chinese restaurant located in the heart of downtown Prescott just steps from the Courthouse Square. This is a rare opportunity to purchase this full-service, turnkey restaurant business opportunity. The 40 seat dine-in restaurant offers 1,244 sf on the mail level which includes 20 seats, buffet line and take out counter, full-service kitchen area and a restroom. In addition, there are 20 seats located on the 2nd floor which is approx. 600 sf. Chi's Cuisine has been operating at this location for over 20 years with the current owner operating since July of 2008. Owner is selling for personal reasons but is willing to train for a negotiated period and stay on as a cook in a parttime capacity. Since March of 2020 due to Covid 19, the restaurant closed its indoor dinning and has been offering for take-out only. This change has only reduced the gross revenue by 10% from previous years with a current average daily sale for take-out ranging between $1,000 to $1,200 per day. The current hours of operations are from 1:30 pm to 7:30 pm MondaySaturday and closed on Sundays. Hours could be expanded to 10 am to 10 pm seven days a week and indoor dinning could re-open. This turnkey business sale is being offered for $175,000. The business sale includes all leasehold improvements, furniture, restaurant equipment, smallware's and POS system and $6,000 in inventory at close of escrow.

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© 2021 Prescott Area Association of Realtors, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Conway Real Estate. Data last updated: 2021-12-04T23:51:05.763.
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114 N Cortez Street Prescott, AZ 86301

  • Price: $175,000
  • Status: Active
  • On Site: 157 Days
  • Updated: 51 min ago
  • MLS #: 1039940
0
Beds
0
Baths
0
½ Baths
0.17
Acres
1,844
SQFT
$95
$/SQFT
1971
Built
County:
Yavapai
Area:
Prescott
Property Description
Chi's Cuisine a causal dinning Chinese restaurant located in the heart of downtown Prescott just steps from the Courthouse Square. This is a rare opportunity to purchase this full-service, turnkey restaurant business opportunity. The 40 seat dine-in restaurant offers 1,244 sf on the mail level which includes 20 seats, buffet line and take out counter, full-service kitchen area and a restroom. In addition, there are 20 seats located on the 2nd floor which is approx. 600 sf. Chi's Cuisine has been operating at this location for over 20 years with the current owner operating since July of 2008. Owner is selling for personal reasons but is willing to train for a negotiated period and stay on as a cook in a parttime capacity. Since March of 2020 due to Covid 19, the restaurant closed its inChi's Cuisine a causal dinning Chinese restaurant located in the heart of downtown Prescott just steps from the Courthouse Square. This is a rare opportunity to purchase this full-service, turnkey restaurant business opportunity. The 40 seat dine-in restaurant offers 1,244 sf on the mail level which includes 20 seats, buffet line and take out counter, full-service kitchen area and a restroom. In addition, there are 20 seats located on the 2nd floor which is approx. 600 sf. Chi's Cuisine has been operating at this location for over 20 years with the current owner operating since July of 2008. Owner is selling for personal reasons but is willing to train for a negotiated period and stay on as a cook in a parttime capacity. Since March of 2020 due to Covid 19, the restaurant closed its indoor dinning and has been offering for take-out only. This change has only reduced the gross revenue by 10% from previous years with a current average daily sale for take-out ranging between $1,000 to $1,200 per day. The current hours of operations are from 1:30 pm to 7:30 pm MondaySaturday and closed on Sundays. Hours could be expanded to 10 am to 10 pm seven days a week and indoor dinning could re-open. This turnkey business sale is being offered for $175,000. The business sale includes all leasehold improvements, furniture, restaurant equipment, smallware's and POS system and $6,000 in inventory at close of escrow.
Exterior Features

Business Location Other - See Remarks Construction Block External Amenities Handicap AccessOther - See Remarks Lot Size 7522 Roof Rolled/Hot Mop

Interior Features

Bathrooms Handicap AccessibleInteriorUnisex Cooling Gas Pack Heating Gas PackNatural Gas Internal Amenities Fire/Smoke AlarmKitchenOther - See RemarksSprinklers

Property Features

Business Name Chi's Cuisine Business Opportunity Type Bus Op No Real Est Business Type Food/Beverage Ccr Fees 9892.00 CCRs No Current Use Restaurant/Bar Info On File Equipment ListInventory ListLeasesTax Returns Lot Number 17 Reo Or Short Sale Not Applicable Sale Includes EquipmentFixturesInventoryLeaseholdTradenameTraining Source Of Measurement County Assessor Tax Year 2020 Taxes 4302.00 Tenant Pays InsuranceJanitorialRepairsTaxesUtilities Terms And Conditions CashConventionalSba Utilities Installed ElectricityNatural GasTelephoneWater - CityWwt - City Sewer Year Established 2002.00 Zoning Dtb

Listing information © 2021 Prescott Area Association of Realtors, Inc.
Listing provided courtesy of Raymond G. Zogob of Better Homes And Gardens Real Estate Bloomtree Realty.


© 2021 Prescott Area Association of Realtors, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Conway Real Estate. Data last updated: 2021-12-04T23:51:05.763.
 
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