Broker Name:Moon Kim
Broker Email:info@v-aidgroup.com
Broker Phone:1-866-519-2421
Broker Address:2727 LBJ Freeway #775 Farmers Branch, TX 75234
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Fully Equipped Restaurant in Prime Location of Fort Worth
(Restaurants)
Tarrant, Texas
Listed Price: $ 40,000
Listing ID: 000792

Listing DetailsDown Payment: $ 40,000
Gross Revenue: $ 300,000
FFE: $ 75,000 (Included in Price)
Reason for Sale:

The owner has a full time commitment to elsewhere and doesn't have a time to manage this business.


Training & Support:

Owner will provide a sufficient training for an agreed upon period to make the transition into the business as seamless as possible.


Listing SummaryBusiness Description:

Prime location full-service traditional Indian restaurant serving authentic Indian cuisine in a turnkey situation is available for acquisition. The business was originally established as a Japanese restaurant by previous owner and was later acquired by current owner in 2018 and the owner has transitioned it to the current business concept. This business in a 3,150 SF end-cap space of premier retail center is located next to an intersection with consistently heavy traffic and nearby densely populated residential area and small businesses that attract a number of people to the area. Most of the customers are individuals from the nearby densely populated residential neighborhoods filled with a large community of middle to upper-class and Middle-Eastern population. Competition can be expected for this type of business, but there is no direct competitor with similar concept that is within the immediate market area of this business. This fully-equipped restaurant was renovated when the current owner of the business acquired this restaurant in 2018 and all equipment is top-of-the-line within the industry and is in excellent condition, less than a year old. Proactive marketing in various methods such as Facebook and Yelp, etc. is crucial to the further growth of this business, and acquisition of new customers from untapped areas of the city will boost such growth. There are many ways to proactively market this business such as direct mailing, social media outlets, catering service, delivery service, 3rd party delivery service, flyers, daily specials and placing an experienced manager in place to supervise the business. A full-time owner-operator will be benefited from cutting down unnecessary payroll expenses, but having a manager in place will provide its own benefits such as giving additional time to the owner to proactively market and manage the back-office work of the business. There is a wide variety of menu items that range from appetizers, soups, noodles, rice, sea food, Indo-Chinese menu and desserts. This high-end full-service restaurant is priced to sell for $59K, ready to be converted into other type of cuisine by experienced restaurant owners who have their own concepts.


Competition:

Few competitors are within the immediate market area, but this business recently has been renovated by current owner and all the equipment is in excellent condition.


Potential Growth:

Some marketing is in place through social media outlets, but other proactive marketing methods needs to be fully utilized for this business to reach full capacity.


Financing/Terms:

100% down at the time of closing.


LocationSquare Footage: 3150
Facilities:

This business is located in a 3,150 SF retail end-cap space of upscale retail strip center that is next to an intersection with consistently heavy traffic and retail businesses that attract people to the area. All equipment is in impeccable condition and in working order.


OperationYear Established: 2018
Absentee Owner: No