After working for one multi-national company for more than 25 years in the foodservice industry, the owner relocated from Phoenix to Yuma, AZ.
In 1992, a centrally located ice cream and sandwich shop, Swensen's, came on the market. The owners purchased it and completely remodelled the interior. Papa-San Rice Bowl opened its doors to the public in February 1993 and is still Yuma's only Japanese quick service rice bowl restaurant.
Some statistics:
Lot size, 23,250 sq ft.
Building size, 3,030 sq ft.
Assessed Value (2009), $445,643
Property Tax (2008), $12,700 | Sales Growth (net of sales tax)
2003: $715,400, 2007: $840,393, +17.5%
2008/2007 Sales, through July, +11.5%
2008 Sales Projection, $950,000
2008 Gross (with tax), $1,050,000
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Costs, 1/2003 thru 7/2008
Food, Disposables, 40%
Labor, 29%
Utilities, 4%
Advertising, 3% |
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