High Quality Hidden Gem Asian Cuisine Restaurant 001095
Lowkey, cozy atmosphere Asian restaurant in an affluent neighborhood is now available for acquisition. This business was originally established by the current owner in 2017 and was built up from ground up with brand new high quality furniture and equipment. This business offers a variety of fresh-made to order Asian cuisine ranging from Japanese, Thai, Chinese, Vietnamese foods, etc. A majority of customers are a well mix of middle to high-income individuals and families from the surrounding densely populated residential neighborhoods, while the Caucasian customers are still predominant for this business. As the business is operated by an owner-chef, the quality has been consistent and superior. This business has built a solid customer base since its inception in 2017, consisting of many regular customers. The average monthly sales have been around $30,000 and the sales have been steadily increasing until Covid-19, but delivery sales have significantly increased during and after the pandemic, which made up for the loss due to absence of limited dine-in. Despite not utilizing all delivery platforms including in-house delivery due to staff shortage, the delivery sales have increased by over 75% each year since 2018, while the dine-in sales have been consistent since opening. This well-established Asian fusion restaurant is ready for a potential buyer to actively involve in the business operation while marketing to grow the business to reach its maximum potential.
The owner will provide sufficient training for an agreed-upon period to allow the transition into the business as seamlessly as possible.
The business occupies 1,653 SF space of a retail strip center located heavily surrounded by affluent neighborhoods fully packed with single family homes in all 4 directions. The facility was built from the ground up with brand new furniture and equipment in 2017. All major equipment has been well maintained by the current owner and is in excellent condition.
One competitor is within the immediate market area, but the competitor is hard to beat this business due to the fact that this business offers top-notch quality foods and a variety of menu options with a generous portion at reasonable pricing.
Currently, no single marketing is in place, while word of mouth and online reviews have provided an ample amount of customer acquisition. Considering the current staff shortage, hiring the appropriate number of staff for each position will expedite the service and increase the fluidity of transactions between the business and customers. Offering an in-house delivery service by hiring drivers can greatly improve the sales as the demand for delivery and take-out service is growing than ever after the COVID-19 outbreak.
100% down at the time of closing.