Fully Equipped Asian Restaurant Asset Sale

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Asking Price:
$60,000

Gross Revenue:
$360,000
Cash Flow:
$72,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
$25,000
included in asking price

Real Estate:
 Not Disclosed

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Business Description

This is an asset sale only. Only hard assets including fixture, furniture, and all equipment are included and goodwill, trade names, and inventory are excluded from the sale. Family-Run Authentic Thai and Lao Restaurant with a fully equipped kitchen is available for acquisition. This business was established nearly a decade ago in 2010 and was later acquired by the current owner of the business in 2015. The owner has spent $65,000 to build the restaurant from ground up and the kitchen is semi-fully equipped. The only disadvantage is due to smaller sized kitchen, there are no walk-in freezers and coolers and the owner is buying the food at retail price every few days. There is room for kitchen expansion if the buyer decides to expand and it will save a lot on food cost if walk-in freezer and fridge are available for the food to be stocked. Most of the customers are a well mix of Hispanic and Asian demographics that reside in the densely populated residential neighborhoods as well as the major road that bring consistent traffic to the area. Net sales average was $330,000/year that has been steadily increasing every year of operation without any marketing other than word of mouth. Although no marketing is in place to actively promote this business, other proactive marketing methods needs to be utilized to generate more cash flow and acquire new customers. Competition is expected for this business, but all the competition in the area has been established for shorter period of time compared to this business which has been building a solid customer base that the competition currently lacks. The location being as densely populated as it is and lack of dining options for the people living in the surrounding area, changing the concept to a burger joint, Chinese, Taqueria, or fast food fried chicken can fully reach its potential.

Listing ID #000657
For more info, please call Kevin Chung at 1-866-519-2421.

About the Business

Location:
Fort Worth, Texas
Year Established:
2010
Number of Employees:
1FT/2PT
Facilities:
This business is located in a 1,000 SF retail strip center that is placed next to a major road that has dense traffic throughout all periods of the day.
Market Outlook/
Competition:
Few competitors are within the immediate market area, but this business has established itself within the area for nearly a decade building a solid customer base that other competitors lack.
Growth & Expansion:
There is no marketing at the current time except word of mouth.
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About the Sale

Reason For Selling:
Relocation to another city
Training/Support:
The owner of the business will provide necessary training needed to smoothly transition into the business operation.
Seller Financing:
100% down at the time of closing or 50% Cash Down with SBA Financing for Qualified Bu

Listing Info

ID:
1520547
Ad Detail Views:
458

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Business Listed by

V-AID Group, Inc.

www.v-aidgroup.com
License# 567204

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