Broker Name:Moon Kim
Broker Email:info@v-aidgroup.com
Broker Phone:1-866-519-2421
Broker Address:2727 LBJ Freeway #775 Farmers Branch, TX 75234
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12 Yr. Established Chinese Restaurant in High-end Area
(Restaurants)
Dallas, Texas
Listed Price: $ 275,000
Listing ID: 000674

Listing DetailsDown Payment: $ 137,500
Gross Revenue: $ 529,302
Cash Flow: $ 133,733
FFE: $ 100,000 (Included in Price)
Inventory: $ 4,000 (Included in Price)
Reason for Sale:

Burned Out / Health Issue


Training & Support:

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


Listing SummaryBusiness Description:

Prime location fast food Chinese restaurant with some Asian fusion menu items is available for acquisition. This business was originally established over a decade ago in 2006 and later relocated to a more optimal location in 2013 by the current owner of the business. Most of the customers are Caucasian individuals that live in the surrounding densely populated residential neighborhoods and many locals that order take-out on the way back home while passing the traffic heavy intersection. Net sales average was $50K a month that has been consistent over the last several years. Although some marketing is utilized though direct mailing, other proactive marketing methods needs to be used within the local area if this business is to continue growing and thrive in the immediate market area. Competition is expected for this type of business as the industry is very common, but thankfully the competitor within the local area has a completely different menu setup that provides cuisine from an alternate Asian country. There are many ways this business proactively markets within the local area by delivery service and some marketing done online that can all be better utilized if the marketing is more consistent than the current fluctuating marketing. Expanding the menu options to a wider selection of Asian cuisines will assist in bringing in a new set of customers that live in the surrounding area and cities adjacent from this location. 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 operations.


Competition:

One competitor is within the immediate market area, but there's a distinct difference in the type of cuisine provided at this business compared to the other competition.


Potential Growth:

Some marketing is in place to grow the business, but other proactive marketing methods needs to be consistently utilized for this business to reach full potential.


Financing/Terms:

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


LocationSquare Footage: 1600
Facilities:

This business is located in a 1,600 SF retail strip center that is placed between a heavily populated retail business centers and intersection that consistently has dense traffic. All equipment is in impeccable condition and in working order.


OperationYear Established: 2006
Employees: 6FT/1PT
Absentee Owner: No