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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High-end Indian Restaurant Anchored by Nationwide Furniture Store
(Restaurants)
Collin, Texas
Listed Price: $ 250,000
Listing ID: 000842

Listing DetailsDown Payment: $ 125,000
Gross Revenue: $ 720,000
FFE: $ 125,000 (Included in Price)
Inventory: $ 2,500 (Included in Price)
Reason for Sale:

Move/Other opportunities


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 Indian restaurant & banquet hall serving lunch buffet and is next to huge nationwide retail stores is available for acquisition. This business was established by the current owner of the business in 2016. Most of the customers are mixed crowd of different demographics consisting of individuals and families with high income that lives in the surrounding area as well as traffic that comes from the major highway for the nationwide furniture store that is next to this business. The local area is jam-packed with many nationwide retailers and businesses that bring a consistent stream of customers that are around shopping or passing by during normal commute hours. Major nationwide banks and a national home goods store anchors this business to this location. This modern Indian restaurant offers a variety of quality Indian food with over 150 menu items from traditional to modern fusion Chinese cuisine that is far superior to any other restaurant in the area in terms of high-quality products and services served buffet-style. Gross sales of this high volume Indian restaurant have been consistent for the last several years running at around $720,000/year without any marketing except for Facebook and general business listings on Yelp & Google including 3rd party delivery services. Currently, there is very minimal amount of marketing being done with many ways to proactively market this business such as direct mailing, flyers, social media outlets, coupons, daily specials and etc. Owner involvement is crucial for this business to keep growing further and acquire more cash flow through replacement of the management staff with full-time owner-operator taking care of all management jobs. The current owner works roughly an hour a day to stay involved in the general operation of the business, but more time needs to be allocated if the quality of the business is to increase to higher sales and customer retention. Huge parking space surrounds this business and the interior has ample amount of space for large parties. 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 operation.


Competition:

Few competitors were found within the immediate market area, but none of the other competitors have banquet halls with reasonable price points compared to this business.


Potential Growth:

There is currently no marketing done to proactively grow the business. Much more marketing is needed through local marketing, catering service, lunch special and delivery service thru 3rd party delivery.


Financing/Terms:

100% down at the time of closing or 50% Cash Down with SBA Financing for Qualified Buyers.


LocationSquare Footage: 4744
Facilities:

This business occupied in a 4,744 SF space of retail strip center that is conveniently located just off the major highway and is anchored by nationwide hardware store and small businesses. The interior facility is extremely well-built and has much more room for renovations to modernize the business.


OperationYear Established: 2016
Employees: 6FT
Absentee Owner: No