Prime Location Fully Equipped Chinese Restaurant

Dallas, TX (Dallas County)

Prime Location Fully Equipped Chinese Restaurant
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Asking Price: Get Financing: $70,000

Cash Flow: $60,785

Gross Revenue: $480,067

EBITDA: N/A

FF&E: $15,000

Inventory: $6,000

Lease Rate: N/A /SF

Established: 1998

Prime Location Fully Equipped Chinese Restaurant

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Business Description

Authentic family-owned Chinese restaurant with classic Chinese cuisine made in a fully-equipped kitchen is available for acquisition. This business was originally established over two decades ago and was later acquired by the current owner of the business in 2015. Most of the customers are upper-class Caucasian individuals that work as employees to the surrounding office buildings that hold many corporations during lunch hours and local families that live in the densely populated residential neighborhoods for dinner hours. Gross sales average used to be higher than current sales but currently is around $40,000/month due to lack of owner involvement and not having competent employees in the front. Although no active marketing is done at the current time, other proactive marketing methods needs to be utilized to generate more cash flow and acquire new customers from the untapped areas within the city. Competition is expected for this type of business, but there are no direct competitors within the immediate market area that competes with the same type of cuisine and the indirect competition is in a different sub-industry. There are many ways to proactively market this business such as direct mailing, social media outlets, liquor license, weekly specials, daily deals, senior discounts and owner involvement. Full-time owner involvement is crucial to the further growth of this business since the owner will be able to consistently put effort into bringing the quality of services higher and cut excessive payroll expenses on management. Acquiring a liquor license to provide happy hour services will benefit this business greatly as the many corporate offices nearby will have young adults with large amounts of disposable income to spend on alcoholic beverages. 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. As a well-established restaurant with fully equipped kitchen in a prime location, this business can reach its full potential with an owner operator and a better management team or can be turned into a different concept and to market different crowd.

Listing ID #000653
For more info, please call Kevin Chung at 1-866-519-2421.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
N/A
Lease Expiration:
N/A
Employees:
5FT/1PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This business is located in a prime 2,500 SF retail strip center that is placed nearby a huge shopping center that has numerous residential neighborhoods and with the opposite side of the highway covered in office buildings.
Competition:
Few indirect competitors are within the immediate market area, but there are no direct competitors that compete in the same industry as this business.
Growth & Expansion:
There is no marketing done at the current time except for free appetizer through their business website by discount code, but other proactive marketing methods needs to be utilized to generate more cash flow and acquire new customers.
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:
Has another full-time job to look after
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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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