Broker Name:Kevin Chung
Broker Email:info02@v-aidgroup.com
Broker Phone:1-866-519-2421
Broker Address:2727 LBJ Freeway #775 Farmers Branch, TX 75234
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Prime Location End Cap Authentic Thai and Japanese Cuisine
(Restaurants)
Denton, Texas
Listed Price: $ 90,000
Listing ID: 000855

Listing DetailsDown Payment: $ 63,000
Gross Revenue: $ 565,000
Cash Flow: $ 95,000
FFE: $ 75,000 (Included in Price)
Inventory: $ 4,000
Reason for Sale:

Other opportunities


Training & Support:

The owner of the business will provide the necessary training needed to smoothly transition into the business operation.


Listing SummaryBusiness Description:

Prime location authentic Thai and Japanese cuisine restaurant with contemporary setting with a bar is available for acquisition. This business was originally established by the previous owner in 2014 and was later acquired by the former server and current owner of the business in October 2018. This business is located in the epicenter of shopping center surrounded by many national restaurant chains, retail shops, and wholesale warehouse at the intersection of two major highways in a are of the city where it is constantly being developed and improved. This business is located in the 2,000 SF strip center on at the end cap of the shopping center with high visibility from the traffic generated by surrounding businesses. The sales has been consistent at $45,000-$50,000/month and improving since acquisition with addition to the menu, proactive marketing and managing the staff very efficiently. Most of the customers are mid to high income individuals and families of all demographics from the surrounding residential residential area as well as from the nearby businesses. During lunch, most of the customers are employees from local businesses and offices and dinner customers are mainly couples and families. This business used to serve mainly Thai dishes, but the current owner has added Japanese menu to accommodate all types of customers. This business serves fresh and authentic Thai dishes including appetizers, salads, soups, noodles and fried rice, classic Thai dishes, curries, variety of rolls, sushi and sashimi combos, and bento boxes. The the owner has been very proactive with online and direct marketing by having a professional website, Facebook page, offering daily specials and happy hour, coupons, and placing an ad on the surrounding city's newspaper. As the the area is rapidly growing with many apartment complexes, there is much more potential to increase the sales by reaching out to new residents by flyers and creating social media account to capture the new customers in the untapped area of the city. This prime location business is perfect for couple who could be involved and be hands on in day to day basis in the back and front of the restaurant or for somebody who can market the business more proactively to reach its full financial potential.


Competition:

There are many indirect competitors with different concept and serves totally different types of food, but no direct competition in the immediate market area.


Potential Growth:

Building a full bar to serve liquor and cocktails and full sushi bar to put more emphasis on high margin items will be a great opportunity to increase overall sales.


Financing/Terms:

100% down at the time of closing or 70% Down for Owner Financing.


LocationSquare Footage: 2000
Facilities:

This business is located in 2,000 SF end cap in a retail strip center on the intersection of two major highways. This business is surrounded by many well known nationwide restaurants, coffee shop, retail stores, and wholesale warehouse, which draws immense foot traffic at all times. All equipment is in excellent working condition.


OperationYear Established: 2014
Employees: 3FT/3PT
Absentee Owner: No