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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Established Japanese and Chinese Buffet
(Restaurants)
Tarrant, Texas
Listed Price: $ 80,000
Listing ID: 000870

Listing DetailsDown Payment: $ 40,000
Gross Revenue: $ 743,580
Cash Flow: $ 91,917
FFE: $ 50,000 (Included in Price)
Inventory: $ 3,000
Reason for Sale:

Burned out.


Training & Support:

Owner will provide a sufficient training to make the transition into the business as seamless as possible.


Listing SummaryBusiness Description:

15 year established Japanese and Chinese buffet restaurant with a sushi bar is available for acquisition. This business was established by the current owner in 2005. This business fully equipped kitchen with a built-in walk-in cooler, 100+ seating capacity open seating, 3 buffet stations, and a full sushi bar. This business is conveniently located just off the highway and surrounded by many single-family homes, apartments, and local businesses. Although it is a full dine-in buffet restaurant, approximately 2/3 of the sales are from dine-in and 1/3 are from take-out and in-house deliveries. The majority of the customers are middle-income individuals and families of all demographics from the surrounding area. The sales have been consistent at approximately $65,000/month for the past several years without much proactive marketing Other than this business's user-friendly website for take-out and delivery orders, this business does not have much online presence or on any other social media outlets. To fully reach its financial potential, the potential buyer will have to be much more proactive online to expand the business and also by direct marketing, such as flyers and coupons, to capture the customers from the untapped area of the business. Also by utilizing all third-party delivery services, the business can generate much more revenue and expose the business to the online market. This business not only offers a variety of lunch specials and Chinese dishes, but also an extended menu of sushi, roll, and sashimi from the full sushi bar. This business has established loyal customers who have been coming for years for the affordability and variety of food items. This business is a great opportunity for a potential buyer who can be involved in day to day operations as well as who can dedicate and proactively implement a variety of marketing tactics to increase overall sales and reach its full financial potential.


Competition:

There is one buffet in the immediate area, but serves completely different type of food. There are no other Asian buffet restaurants in the immediate area.


Potential Growth:

Limited marketing is being done online, but more proactive online marketing through social media outlets and direct marketing, such as flyers and coupons, need to be done to fully capture the customers in the untapped area of the city. Also, this business is only delivering with their own drivers. By fully utilizing all third party delivery services, overall sales could increase. The owner has not increased the price in the previous several years and by just increasing 5-10%, this will increase overall revenue.


Financing/Terms:

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


LocationSquare Footage: 3950
Facilities:

This business located in a 3,950 SF retail strip center with ample space parking and is heavily surrounded by single family homes, apartments, and small businesses. All equipment is in working condition.


OperationYear Established: 2005
Employees: 7FT/2PT
Absentee Owner: No