Prime Location 5 Days a Week Asian Fusion Restaurant

Denton County, TX

Prime Location 5 Days a Week Asian Fusion Restaurant
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Asking Price: $75,000

Cash Flow: $40,000

Gross Revenue: $180,000

EBITDA: N/A

FF&E: $35,000

Inventory: $2,000

Established: 2012

Prime Location 5 Days a Week Asian Fusion Restaurant

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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.

Detailed Information

Location:
Denton County, TX
Inventory:
Included in asking price
Employees:
2FT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
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.
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.
Financing:
100% down at the time of closing or 50% Cash Down with SBA Financing for Qualified Bu
Support & Training:
Owner will provide a sufficient training for an agreed upon period to make the transition into the business as seamless as possible.
Reason for Selling:
Other opportunities
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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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