Profitable 4+ rated Asian restaurant in UPTOWN Dallas

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Profitable Highly Rated Asian Restaurant in proximity to Uptown Dallas with CHEA
Asking Price:
$499,000

Gross Revenue:
$1,120,831
Cash Flow:
$240,919
EBITDA:
$240,919
Inventory:
$5,000
included in asking price

FF&E:
$100,000
included in asking price

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Business Description

This is a BROKER's listing; please do NOT submit an inquiry for this business if you do NOT intend to:
1) Sign a Confidentiality agreement (a.k.a. Non-disclosure [NDA]);
2) Respect FRANCHISOR's business confidentiality by not disclosing Business info to a third party;
3) Make advanced appointment/notify BROKER of your approach of FRANCHISOR.
4) Other brokers/agents please identify and request a co-brokering agreement on your 1st contact of Listing BROKER.

Owner has always racked in more than $200K in annual profit partially due to her hard work and long hours commitment throughout the years. The location needs some renovation touch ups to give it a modern flare. Owner takes high pride in the business name (DBA), its history and reputation and therefore will teach all cooking recipes and will transfer DBA to new owner under the condition that their cooking recipes cannot be shared with others outside Buyer’s immediate family or be sold to others. Owner is also willing to work a minimum of 6 months for Buyer to train Buyer and any new hires if an agreeable payrate is met. Owner is selling the business to spend more time taking care of her husband, who has critical medical issues, and will consider providing any buyer who demonstrates seriousness with up to $100,000 in seller-finance.

About the Business

Location:
Dallas, Texas
Year Established:
1995
Number of Employees:
11
Real Estate:
Leased
Building Sq. Ft.:
3,872
Rent:
$4,437.00 Per Month
Lease Expiration:
12/31/2021
Facilities:
Very cheap rent for a location in proximity to Uptown Dallas. Owned back to back by 2 generations of the same family at the same location in the past 24 years.
Market Outlook/
Competition:
1) Rent is super affordable for its near Uptown Dallas location.
2) The restaurant is surrounded by new apartment complexes with young, middle class residents.
3) The neighborhood is under planning by City of Dallas to soon be zoned into part of Uptown Dallas.
4) No other restaurants of the same cuisine category in Dallas could compete with this business in terms of business history and food ratings.
5) This unique eatery gem of Dallas offers double concept: buffet and casual entrée dinner, which any competitor would rarely offer.
Growth & Expansion:
1) New owner/Buyer of this business may add Happy Hours to the premise to attract younger crowds for lunch since the business is licensed with Mixed Beverage Permit by TABC.
2) Buyer of this business may also advertise to nearby businesses. Current Owner has been doing well relying only on word of mouth for business after all these years.
3) Buyer may also hire more to have the man power to accept more catering businesses. Current Owner is accepting only a manageable volume of catering business.
4) Redevelopment and rezoning of the neighborhood are reinvigorating the area and bringing more business to the premise.
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About the Sale

Reason For Selling:
Medical
Training/Support:
2 business WEEKS after Closing - also negotiable

Listing Info

ID:
1628272
Ad Detail Views:
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Business Listed by

CANA PHAM

CANA PHAM

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