Prime Location Japanese Asian Fusion Restaurant in High Income Area

Denton County, TX

Prime Location Japanese Asian Fusion Restaurant in High Income Area
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Asking Price: Get Financing: $315,000

Cash Flow: $158,329

Gross Revenue: $813,784

EBITDA: N/A

FF&E: $150,000

Inventory: $8,000*

Lease Rate: $3.85 /SF/Month

Established: 2009

*not included in asking price.

Prime Location Japanese Asian Fusion Restaurant in High Income Area

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Business Description

Prime location Asian fusion restaurant placed in a high-income area and high visibility retail strip center is available for acquisition. This business was established originally established nearly a decade ago by the current owner of the business in 2009. Most of the customers are upper-class individuals that live in the surrounding densely populated residential neighborhoods and customers that visit from the nationwide grocery chain that anchors this business. Net sales average was $750,000/year that has been very consistent over the last several years with some marketing in place to bring customers on a weekly basis. There is minimal marketing done at this point and proactive marketing tactics needs to be fully utilized to generate more cash flow and acquire new customers from the untapped areas within the city, such as online and direct mailing. Competition is expected for this business industry, but the location of this business is far above the competition due to the accessibility and high visibility from the street. There are many ways to proactively market this business such as direct mailing, social media outlets, delivery service, daily specials, chef specialty, catering service and full-time owner involvement. Owner involvement is crucial to the growth of this business as managing the flow of the business will allow quality service and retention of customers. 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 #000681
For more info, please call Kevin Chung at 1-866-519-2421.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
2,600
Lease Expiration:
N/A
Employees:
8FT/6PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This business is located in a 2,600 SF retail strip center that is surrounded by numerous densely populated residential neighborhoods. All equipment is in impeccable condition and in working order.
Competition:
Few competitors are within the area, but this business has an advantage with their location being extremely visible and easy to access facility compared to the competition.
Growth & Expansion:
Some marketing is in place to actively grow the business, but other proactive marketing methods are needed to further grow the business.
Financing:
100% down at the time of closing or 30% 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:
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. 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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