Broker Name:Stephen Lee
Broker Email:info01@v-aidgroup.com
Broker Phone:1-866-519-2421
Broker Address:2727 LBJ Freeway #775 Farmers Branch, TX 75234
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Priced to Sell!!! Long Established Chinese Restaurant
(Restaurants)
Tarrant, Texas
Listed Price: $ 52,000
Listing ID: 000800

Listing DetailsDown Payment: $ 26,000
Gross Revenue: $ 261,731
Cash Flow: $ 40,153
FFE: $ 35,000 (Included in Price)
Inventory: $ 3,000 (Included in Price)
Reason for Sale:

Family Relocation


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:

Well-established American Chinese restaurant that carries a variety of menu items in end-cap space of prime location is now available for acquisition. This business in a 1,575 SF end-cap space of retail strip 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. Overall demographics of the restaurant are mostly middle-class of a well mix of ethnic groups from nearby neighborhoods and local businesses. Few competitors are found in the immediate market area, but the business is optimally placed next to an intersection surrounded by many local retailers with heavy traffics and nearby densely populated residential area. This business provides an online ordering service with variety of menu items and delivery service is also provided within 4 miles through in-house delivery services. Gross sales have been consistent for the past couple years in the range of $245K to $270K per year without any marketing except for thru word of mouth. Although no marketing efforts is in place in the currently other than word of mouth, proactive marketing in various methods is crucial to the further growth of this business in overall cash flow and acquisition of new customers from untapped areas of the city. There are many ways to accelerate the continued growth of this business, first through proactive marketing such as direct mailing, social media outlets, flyers, daily specials and second by setting up 3rd party delivery services in the local area can boost the sales as well as reaching out to more customers within untapped areas of the business. Renovation and remodeling of the business are needed as the interior need more modernized look to attract new set of customers and to bring the facility up to code per city ordinance. Upgrading the current POS system will also help the business's operation flow much more smooth, allowing this business to enhance customer service and handling many more orders at one given time. This business has everything in place for a potential buyer to proactively market this business while being fully involved in the day-to-day business operations.


Competition:

Few competitors are within the immediate market area, but this business is located in prime location with great visibility and can easily allow access to the store for customers compared to other competitors.


Potential Growth:

Minimal marketing is done and proactive marketing methods are needed to fully utilize to achieve maximum income potential. This business is ideal for owner-operator who can be in charge of day to day operation and online and offline marketing of the business while keeping all books and records up-to-date.


Financing/Terms:

100% down at the time of closing.


LocationSquare Footage: 1575
Facilities:

This business is located in a 1,575 SF retail end-cap space of 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: 2011
Employees: 1FT/1PT
Absentee Owner: No