Business Overview:
Location, Location, and Location highlight this bright, cheerful and inviting restaurant. Current owner is working two jobs and this business has caused a severe stress on the family life. The business has a full service kitchen with 12 feet hood and grill, walk-in refrigerator, deep fat fryer, wok and more. Well designed kitchen for maximizing the space. The business is currently serving Vietnamese food, however, with the Landlord's approval this could be changed easily. Due to the current owner's time restrictions between two jobs very little advertising or promotion has been put into the business. The demographics of this area being surrounded by businesses, sitting right next to Wal-Mart, having the most dense concentration of houses, condos, and apartments in Snohomish County make this the ideal location for a neighborhood restaurant. The Seller is negotiable and willing to work with the Buyer.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
The business is in an ideal location in the Wal-Mart Plaza surrounded by businesses, homes, condos, and apartments. The business occupies 1,384 square feet and seats about 60. It has a full service kitchen with a 12 feet hood and grill, walk-in freezer, deep fat fryer, wok and more. The base rent is $3,600 plus NNN of $900 per month. The Lease runs till 4/30/2013 with a 5 year option to extend.
Market Competition and Expansion:
This is the only Vietnamese restaurant in the Plaza. There are a number of things a new owner could do to increase and expand the business. With a little promotion and advertising this business would begin to boom. The current owner has not developed a take out or delivery business and this area has the perfect demographics for that service. Perhaps adding some Thai dishes to the menu would help bring in a more diverse clientele.
Reason for Selling:
The Seller has family issues
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.