Asian Restaurant for Sale with Low Overhead 001284
Asian-American restaurant for sale! This business was established in 2019 by the current owner, who has been cooking for over 40 years and has accumulated the best recipes in American Chinese cuisine. The menu consists of classic American Chinese fast food offerings that still stand out from others, including soups, various noodles, fried rice, Chinese chicken, beef and broccoli, seafood entrees, etc. The facility is 1,614 sq in a retail strip location nearby a major highway with high visibility and ease of access; there are several corporate headquarters, medical offices, luxury apartments, and retailers in close proximity. The location benefits this business tremendously as a large portion of sales for this restaurant is take-out and delivery orders. There is competition, but this restaurant maintains an advantage by focusing on delivery and takeout, with a self-serve kiosk for customers that requires less staff to operate the business and reduces overhead costs. The customer base consists of mostly mid to high-income caucasian individuals and families, nearby corporate headquarters that frequently order delivery and takeout. There is some marketing being done primarily through 3rd party services that offer delivery along with a website. Additional marketing efforts such as growing the online presence on social media platforms would benefit this business. There is currently no in-house delivery being offered, which currently limits the radius of delivery orders, additionally this business can expand into more 3rd party delivery and catering services such as ezCater, Lunchdrop, Foodsby, or other catering and delivery platforms. The owner works hands on and is involved in the daily operations, this business would be the a great opportunity for a potential owner operator with industry experience that wants to own a Chinese American restaurant with steady income and solid growth potential.
The owner is willing to train for an agreed-upon period of time to enable a smooth transition into the business.
The facility is 1,614 sq. of space in a retail strip facing a major highway with high visibility and ease of access. There are corporate headquarters, medical offices, luxury apartments, and several retailers in the immediate area that draw in a steady flow of traffic.
There is some competition, but this restaurant maintains an advantage by focusing on delivery and takeout orders with a low overhead cost at a prime location.
Untapped 3rd party delivery and catering platforms that serve work offices, including Lunchdrop, Foodsby, and ezCater. In-house delivery can also be explored to increase the radius of delivery.
100% down at the time of closing or 20% Cash Down with SBA Financing for Qualified Buyers with Industry Experience.