Owner-Absentee Chinese Restaurant for Sale 001238
Chinese restaurant for sale ran as absentee. This restaurant is located in the fastest-growing part of North Dallas. The restaurant's unique menu consists of American-Asian cuisines, such as fried rice, noodles, appetizers, orange chicken, etc. The menu is unique as it's simple but able to target a broad customer base by combining different base ingredients and sauces to create different cuisines. The kitchen has also been designed strategically to enhance operations and efficiency that complement its unique menu. Since first opening its doors in 2017, this restaurant quickly grew in popularity and sales. In spite of the COVID-19 pandemic during 2020, sales have continued to grow. Average gross monthly sales grew from $68,000 in 2019 to $77,000 in 2022. This restaurant operates in a 2,632 SF space inside a retail strip center situated next to one of the country's largest national retailers, bringing in tremendous foot traffic. The supercenter also has a very efficient mix of retailers that serve the demographics suited for this business in an area heavily surrounded by single-family homes in all directions. All of the equipment is top-of-the-line and in excellent working condition. This restaurant comes fully staffed with management in place, with the owner working part-time between 15 - 20 hours per week in higher management roles. There is tremendous growth potential as the geographical region draws people into the Dallas metroplex and continues to boom in population and development. The restaurant has recently started 3rd party deliveries, offering a significant boost in revenue that will likely continue to grow. Current marketing efforts are minimal; adding social media with a more substantial online presence can help capture new customers moving into the cities and increase the visibility of the restaurants for potential customers already existing within the geographical territory it serves. A restaurateur that can provide consistency with its current high-quality products and services can effectively grow this Chinese restaurant for sale organically as the geographic region continues to develop. A hands-on owner-operator can also save drastically on the payroll, as the current staff consists of 2 managers.
The owner will provide sufficient training for an agreed-upon period to make the transition into the business as seamless as possible.
This restaurant operates in a 2,632 SF space inside a retail strip center situated next to one of the country's largest national retailers, bringing in tremendous foot traffic. The supercenter also has a very efficient mix of retailers that serve the demographics suited for this business in an area heavily surrounded by single-family homes in all directions.
There are a few competitors, such as chain restaurants, in the area as any other restaurant, but the restaurant is established with many regulars that have become accustomed to the quality of this restaurant. The restaurant has a unique menu that is simple yet able to target a broad customer base by its design. Along with the menu, the kitchen has also been designed very strategically to be able to handle high-volume with proper execution, along with multiple stations designated for ease of storage and inventory. This combination of kitchen and menu design helps reduce waste, and employees are able to help with inventory, enabling employees to work efficiently and be trained more easily.
There is much more room for growth as the geographical region continues to draw in people moving into the Dallas metroplex. As the surrounding territory this restaurant serves continues to develop and grow, sales will grow organically. The restaurant has recently started 3rd party deliveries, which will help its growth. Utilizing social media will strengthen its online presence, which can help increase the visibility to existing customers and capture new customers moving into the surrounding area.
100% down at closing or 50% Cash Down with SBA Financing for Qualified Buyers with Industry Experience.