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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Authentic Thai Cuisine Anchored By Nationwide Supermarket
(Restaurants)
Tarrant, Texas
Listed Price: $ 120,000
Listing ID: 000874

Listing DetailsDown Payment: $ 60,000
Gross Revenue: $ 300,000
Cash Flow: $ 80,000
FFE: $ 60,000 (Included in Price)
Inventory: $ 4,000
Reason for Sale:

Health Issues


Training & Support:

Owner will provide a sufficient training to make the transition into the business as seamless as possible and will teach and pass on the full recipe for all menu items.


Listing SummaryBusiness Description:

10 year established Authentic Thai Cuisine anchored by nationwide supermarket in available for acquisition. This business was established in 2009 by the previous owner and acquired by the current owner in early 2017. Unlike other similar Asian restaurants, the atmosphere and ambiance are very inviting and the setting is upscale with its decor, fixtures, and furniture. This business serves variety of Thai dishes, including appetizers, salads, entrees, curries, noodles, soups, fried rice and chef specials. All dishes are made from scratch by the owner with her own recipe and the taste and quality are always consistent. This business is occupied in 1,400 SF retail strip center right next to the nationwide supermarket and other retail businesses and is conveniently located to a major highway in the city. The kitchen is fully equipped with walk-in cooler and freezers and is big enough to handle any large catering orders. The majority of the customers are mid to high income Caucasians from the nearby offices, auto dealers, and residential areas. During lunch, the restaurant is full with office employees and during dinner, there are some customers dining in, but also much more takeout orders and deliveries. The gross sales have been $25,000-$30,000/month with limited marketing and advertising. Although this business has its own website and Facebook pages, the potential buyer may need to be more proactive in social media outlets and more in direct marketing, such as flyers, door hangers, and coupons to reach customers in the untapped area of the city to fully reach it financial potential. This business is well established, located in prime location, and has loyal customers. This business will be a great fit for who could take marketing to the next level as well as be involved in the day to day operation.


Competition:

There is one direct competitor in the immediate market, but this business is much more upscale environment and has much better ambiance, inviting atmosphere and setting for customers. There is another Asian restaurant next door, but only offers take outs and deliveries. Because the owner is the main cook, the food is always consistent in quality and taste.


Potential Growth:

This business limited online presence through its own website and Facebook, but needs to generate much more presence in the social media outlets. Direct marketing, such as flyers, door hangers, and coupons should be utilized to reach the customers in the untapped area of the city.


Financing/Terms:

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


LocationSquare Footage: 1400
Facilities:

This business is located in 1,400 SF retail strip center located adjacent to nationwide grocery store conveniently located to a major highway in the city. The equipment is in excellent condition and walk in cooler and freezer have been installed in the past 5-6 years.


OperationYear Established: 2009
Employees: 3FT/3PT
Absentee Owner: No