SOLD – Asian Fusion Restaurant
Asian fusion restaurant specializing in the lunch menu located in a prime location in an ongoing major residential development is available for acquisition. This business was established in 2012 when there was not any area development insight, but there are high-end apartments, condos, and single-family homes being developed in all 4 directions as the area and city itself are growing at a rapid pace. This business is located in a 1,800 SF retail strip center along with other restaurants next to a major gas station, which draws heavy consistent foot traffic to the business. Overall demographics are middle to high-income office employees and workers from the offices, industrial warehouses, and manufacturers surrounding the business, and the majority of the sales are within the lunch rush hours. The sales have been consistent throughout the last few years despite increasing the prices because it draws higher-income customers who prefer quality and generous meal portions. Because the business is operated as owner absentee and is managed and operated by two full-time employees, there has not been any effort in fully utilizing marketing tactics such as social media exposure, direct mailing, and other forms of advertising. The business has been mainly focusing and serving the lunch crowd, but as the area is being developed with multi-unit apartments and homes, there is a huge potential to acquire and capture a new set of customers by sending out flyers to each and every unit to capitalize on dinner sales, which would automatically increase overall sales. The kitchen is fully equipped with an extensive vented hood, grill, fryer, and a sizable prep area. This business is located in a prime area, has a solid customer base, and has huge potential for the next buyer to reach its full financial potential by proactively marketing the business by being involved in the day-to-day operations.