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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Chinese & Thai Restaurant With Fully Equipped Brand New Equipment
(Restaurants)
Denton, Texas
Listed Price: $ 98,000
Listing ID: 000861

Listing DetailsDown Payment: $ 98,000
FFE: $ 60,000 (Included in Price)
Inventory: $ 2,000 (Included in Price)
Reason for Sale:

Relocation


Training & Support:

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


Listing SummaryBusiness Description:

A fully equipped restaurant with a brand new fixture, furniture, and equipment is available for acquisition. This business was originally established by the current owner in late 2018 and spent nearly $180,000 for the remodeling and construction from the ground up to be finally open for business, but due to personal reasons, the business needs to be sold. Total construction took over 10 months due to having to meet compliance for the city's 2019 code. This business is located conveniently near a major highway and is heavily surrounded by residential neighborhoods in all 4 directions. This business is serving authentic Chinese and Thai food and since this business is newly established, the owner is sending out flyers to surrounding homes and apartments to make its name known and increase awareness to the public. The majority of the demographic surrounding the business is middle age middle income white families and a well mix of other ethnicities. This is a great opportunity for any buyers to come in and immediately start operating without having to worry about passing inspections or being up to date with any city codes and ordinances. The buyer has the option to operate the business as is or turn this space with brand new fixture, furniture, and equipment into any concept they see fit, start a catering business by taking advantage of the adequate kitchen size and low rent, or further grow the business by proactively marketing this business. This business is operated as owner absentee and with a full-time owner-operator and who can be more proactive in marketing, could turn this business into a success.


Competition:

There are no competitions that serve authentic Thai and Chinese food in the immediate market area.


Potential Growth:

The buyer may operate and grow the current concept or can change the concept to fit their needs in order to exponentially grow the business. Since it is a brand new business, direct marketing, social media, and online marketing are much needed to create exposure. Also, by a full-time owner-operator, the buyer can reduce payroll expenses.


Financing/Terms:

100% down at the time of closing.


LocationSquare Footage: 1500
Facilities:

This business is located in a 1,600 SF retail strip located next to a major highway and surrounded by single family homes in all directions. All fixture, furniture, and equipment are brand new and most of the kitchen equipment is still under warranty.


OperationYear Established: 2018
Employees: 2FT
Absentee Owner: No