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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Fully Equipped Restaurant Asset Sale Ready For Any Concept
(Restaurants)
Collin, Texas
Listed Price: $ 110,000
Listing ID: 000932

Listing DetailsDown Payment: $ 110,000
FFE: $ 100,000 (Included in Price)
Reason for Sale:

Other opportunities


Training & Support:

No training will be provided as this is a sale of the equipment and location of the previous restaurant business.


Listing SummaryBusiness Description:

Fully equipped and turn-key restaurant facility with new equipment in one of the hottest Asian shopping centers in NorthDallas is now available for an asset sale. This business was established in early 2018 and has maintained the equipment impeccably since the inception of the business, but currently, the business is not in operation. This business is occupied in a 1,845 SF space of retail strip center featuring with a well-built interior that is conveniently located just off of the major highway and is anchored by one of the largest Chinese-American supermarket chain which is surrounded by enormous presence of retail business, restaurants, as well as densely populated residential area with consistent heavy traffics. Demographics of the area within the immediate market area are a well-mix of individuals and families that hold an ample amount of disposable income as well as making a combined household income that is higher than the standard wage. The area that the business is located is well known for one of the hottest shopping centers for Asian community and other groups of ethnicities, which brings tremendous foot traffic to the area and Asian community is rapidly growing in the area which can be a good advantage for building a solid customer base no matter what type of restaurant this location will be converted into. The next owner will have to totally convert the concept and be more proactive in local and online marketing to create more exposure and acquire new customers from the untapped areas of the city. This prime location facility has a lot of potential with the right concept and with aggressive marketing and is perfectly suitable for the next buyer who wishes to start a restaurant business with minimal investment in equipment and build-out.


Competition:

Competition is dependent on the type of restaurant this business is converted into.


Potential Growth:

Once a new concept is in place with the right marketing, the size of this facility should provide large potential revenue from the nearby area.


Financing/Terms:

100% down at the time of closing.


LocationSquare Footage: 1845
Facilities:

This business is located on the corner of the retail strip in a prime location anchored by one of the biggest Chinese-American supermarket chains, well-known bakery, and other Asian restaurants and businesses. This business is located in one of the fastest-growing Asian communities and just off the highway for maximum foot traffic and exposure. The kitchen is big enough to handle any type of food and volume and all equipment and furniture are less than few years old and in excellent condition and in working order.


OperationYear Established: 2018
Absentee Owner: No