Established Restaurant for Sale in Tucson, AZ - Lemongrass

This listing presents a charming and bustling restaurant named Lemongrass, located in the heart of Tucson, Arizona, on the high-foot-traffic 4th Avenue. Opened in August 2019, the business has established a strong customer base with regular dine-in and take-out orders. The current owner, managing the restaurant with their spouse and no other employees, is looking to sell due to a desire to relocate closer to family on the East Coast. The restaurant boasts a seating capacity of 30, including an open patio, and is fully equipped and well-furnished. Financials show a gross revenue of $150,000 and a Net Operating Income (NOI) of $60,000. The asking price is $35,000. The owner highlights significant potential to double earnings by extending operating hours and hiring additional kitchen staff, as they frequently turn away customers due to capacity limitations. The lease is $2,250 per month, and the owner is willing to extend it. This is an opportunity to take over a thriving business and start earning from day one.