5 Day Week Asian Fusion Restaurant #000276

Fort Worth, TX (Tarrant County)

5 Day Week Asian Fusion Restaurant #000276

Asking Price:$249,000

Cash Flow:$139,207

Gross Revenue:$627,098

EBITDA:N/A

FF&E:$100,000

Inventory:$5,000

Established:2008

5 Day Week Asian Fusion Restaurant #000276

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Business Description

Prime Location Asian Fusion Restaurant in Northwest Dallas open for only 5 days a week is now available for acquisition. Established in early 2008 and operated 6 days a week originally until the end of 2014. The owner stays at the business full time and oversees all aspects of the operation during work hours. Customers consist of nearby business employees, neighborhood residents, and upscale individuals from the hotels/motels. One of the biggest advantages this location provides is the lack of competition, no direct competitors around the local area to truly compete to this business. Roughly $45,000-$50,000 is made in net sales each month while Saturday & Sunday is closed. With such high sales without operating on the 2 busiest days of the week, this business can expand operation hours and increase sales immensely. Also, there's a huge opportunity to increase sales with party reservation which the owner has currently avoided from staffing issues. Proactively marketing out to the local individuals and residents through Val-pak would benefit this business greatly. Opening up the business for operation on Saturdays would also easily raise sales by $10,000 each month which was previously shown in earlier years of operation. Inside is a full bar that can be utilized with weekly specials to bring more customers. All menu items has been created through a recipes the owner has written down which can be conveyed to new chefs. This is an opportune time to acquire this business with huge potential to grow for anyone who seeks it.
For more info, please call Moon Kim at 1-866-519-2421.

Detailed Information

Inventory:
Included in asking price
Employees:
4FT/6PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The business is right next to a major highway with large traffic which makes this location a prime spot location. Inside a busy upscale retail strip center, this brings tremendous potential to bring in a variety of customers who visit the strip daily. Many hotels/motels lie within the area and are great for attracting many customers of all variety to this business. All equipment has been maintained thoroughly and in excellent condition. The patio area if utilized can increase sales greatly, but renovations are needed to fully use the patio to optimum use.
Competition:
No other direct competitors exist in this whole area which does Asian Fusion cuisine. Due to the strong retail presence of the retail strip center, this attracts many customers to this area and increases customers visiting this location.
Growth & Expansion:
This location is currently known around the area as the "Lunch crowd area" since the strip center experiences large volumes of traffic during normal lunch hours. Proactive marketing is necessary at this business as there's no marketing done at the current moment.
Financing:
100% down at the time of closing or 50% cash down with SBA Financing for qualified bu
Support & Training:
Owner will provide training during a 4 week period and will pay for consulting if needed for a smooth transition.
Reason for Selling:
Owner wants to take a break and is currently burned-out.

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V-AID Group, Inc.

Business Listed By:
V-AID Group, Inc.

www.v-aidgroup.com

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in the M&A Source. The M&A Source is comprised of highly trained Intermediaries who advise on the preparation, sale and/or purchase of middle market (~$2M+ in revenue) business opportunities. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers.

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