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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Prime location Vietnamese Restaurant
(Restaurants)
Dallas, Texas
Listed Price: $ 179,000
Listing ID: 000906

Listing DetailsDown Payment: $ 90,000
Gross Revenue: $ 456,000
Cash Flow: $ 100,000
FFE: $ 80,000 (Included in Price)
Inventory: $ 7,000 (Included in Price)
Reason for Sale:

Other Opportunities/Family Reasons


Training & Support:

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


Listing SummaryBusiness Description:

Prime location Vietnamese Noodle Soup Restaurant serving Boba tea is available for acquisition. This business was originally established couple years ago in 2016 by the current owner of the business. Most of the customers are middle-class families and individuals that live in the surrounding densely populated residential neighborhoods as well as customers for the nationwide grocery chain that often drive by this business. Gross sales average is $38,000/month that has shown a trend of consistent growth since the inception of the business without any marketing done other than word of mouth. Competition can be expected for this type of business, but this business is the only one that is next to such a well-known grocery chain and is placed next to a major highway that connects all roads of the city. Although no marketing is in place, other proactive marketing methods are the key factor to growing this business to its maximum income capacity and acquire new customers from the untapped areas within the city. There are many ways to proactively market this business such as direct mailing, daily specials, business website, social media outlets, student discounts, delivery service, 3rd party delivery service and expanding the menu items. Expanding the menu will help add more variety to their business and will synergize with online ordering services available after creating their own website. This business is perfect for any potential buyer to proactively market this business while operating the business on a day-to-day basis.


Competition:

Few competitors are within the immediate market area, but this business is the only one in the area that is optimally placed next to a grocery chain and is one street away from a major highway.


Potential Growth:

There is no marketing currently in place. Proactive marketing is needed for this business to grow further and acquire new customers.


Financing/Terms:

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


LocationSquare Footage: 1235
Facilities:

This business is located in a 1,235 SF space of a retail strip center that is placed next to a nationwide grocery chain and various retailers that are well-known throughout the US.


OperationYear Established: 2016
Employees: 2FT/2PT
Absentee Owner: No