Prime Location 5 Days a Week Asian Fusion Restaurant

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Asking Price:
$75,000

Gross Revenue:
$180,000
Cash Flow:
$40,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$2,000
included in asking price

FF&E:
$35,000
included in asking price

Real Estate:
 Not Disclosed

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Business Description

Asian fusion restaurant specializing in 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 in sight, but there are high end apartments, condos, and single family homes being developed in all 4 directions as the area and city itself is growing 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 majority of the sales are within the lunch rush hours. The sales have been consistent throughout last few years despite increasing the prices because it draws higher income customers who prefer quality and generous meal portions. The gross sales have been around $15,000-$17,000/month without any proactive marketing other than word of mouth and return customers. 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 lunch crowd, but as the area is being developed with multi unit apartments and homes, there is a huge potential to acquire and capture 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 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.

Listing ID #000812
For more info, please call Kevin Chung at 1-866-519-2421.

About the Business

Location:
Denton County, Texas
Year Established:
2012
Number of Employees:
2FT
Facilities:
Located in a 1,800 SF retail strip next to a major gas station which bring consistent heavy traffic to the business. The business is surrounded by industrial warehouses, manufacturers, and office buildings next to a major high way. All equipment is in impeccable condition and in working order.
Market Outlook/
Competition:
There is one similar restaurant nearby the business, but this business serves general portion at higher prices, which brings in middle to higher income customers.
Growth & Expansion:
Even though most of the sales are during lunch hours from the office employees and workers from nearby business, there is a huge residential development in progress, which several high end apartment complexes, condos, and single family homes are being built. The buyer can capitalize on families for dinner crowd by utilizing delivery services.
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About the Sale

Reason For Selling:
Other opportunities
Training/Support:
Owner will provide a sufficient training for an agreed upon period to make the transition into the business as seamless as possible.
Seller Financing:
100% down at the time of closing or 50% Cash Down with SBA Financing for Qualified Bu

Listing Info

ID:
1627492
Ad Detail Views:
0

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Business Listed by

V-AID Group, Inc.

www.v-aidgroup.com
License# 567204

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U.S. Census Data for Denton County, TX
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Source: Decennial Census (2010), United States Census Bureau.

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U.S. Community Survey Data for Denton County, TX
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Source: American Community Survey (2010-2014), United States Census Bureau.

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