12 Yr. Established Chinese Restaurant in High-end Area

Dallas, TX (Dallas County)

12 Yr. Established Chinese Restaurant in High-end Area
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Asking Price: Get Financing: $275,000

Cash Flow: $133,733

Gross Revenue: $529,302

EBITDA: N/A

FF&E: $100,000

Inventory: $4,000

Lease Rate: N/A /SF

Established: 2006

12 Yr. Established Chinese Restaurant in High-end Area

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Business Description

Prime location fast food Chinese restaurant with some Asian fusion menu items is available for acquisition. This business was originally established over a decade ago in 2006 and later relocated to a more optimal location in 2013 by the current owner of the business. Most of the customers are Caucasian individuals that live in the surrounding densely populated residential neighborhoods and many locals that order take-out on the way back home while passing the traffic heavy intersection. Net sales average was $50K a month that has been consistent over the last several years. Although some marketing is utilized though direct mailing, other proactive marketing methods needs to be used within the local area if this business is to continue growing and thrive in the immediate market area. Competition is expected for this type of business as the industry is very common, but thankfully the competitor within the local area has a completely different menu setup that provides cuisine from an alternate Asian country. There are many ways this business proactively markets within the local area by delivery service and some marketing done online that can all be better utilized if the marketing is more consistent than the current fluctuating marketing. Expanding the menu options to a wider selection of Asian cuisines will assist in bringing in a new set of customers that live in the surrounding area and cities adjacent from this location. This business has everything in place for a potential buyer to proactively market this business while being fully involved in the day-to-day business operations.

Listing ID #000674
For more info, please call Moon Kim at 1-866-519-2421.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
N/A
Lease Expiration:
N/A
Employees:
6FT/1PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This business is located in a 1,600 SF retail strip center that is placed between a heavily populated retail business centers and intersection that consistently has dense traffic. All equipment is in impeccable condition and in working order.
Competition:
One competitor is within the immediate market area, but there's a distinct difference in the type of cuisine provided at this business compared to the other competition.
Growth & Expansion:
Some marketing is in place to grow the business, but other proactive marketing methods needs to be consistently utilized for this business to reach full potential.
Financing:
100% down at the time of closing or 50% Cash Down with SBA Financing for Qualified Bu
Support & Training:
The owner of the business will provide the necessary training needed to smoothly transition into the business operation.
Reason for Selling:
Burned Out / Health Issue
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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. Merger and Acquisition Master Intermediary (M&AMI) is a professional certification awarded to Intermediaries who've achieve very stringent educational and professional requirements. M&AMI's agree to abide by an ethical code of conduct when working with business owners and buyers. The TABB Certified Business Broker certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the TABB.

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