Seller's Contact Information
- RE: Established American Restaurant
- Contact: Moon Kim
- License #: 567204
Quick Facts
| Asking Price: | $900,000 | |
| Annual Revenue: | $1,369,693 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $258,470 | |
| Total Debt: | Not Disclosed | |
| FF&E: | 300,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2007 | |
| Employees: | 22 | |
| BBN Listing #: | 178119188 | |
| Broker Reference #: | 001137 |
Business Overview:
Prime location restaurant established for over a decade in Fort Worth is available for acquisition. This business was first established in 2007 by the current owner of the business. While the owner of the business manages the business through supervision, the operation runs smoothly as the current staff in place have long tenure and are extremely reliable. Most of the customers are a well-mix of demographics from the local area and the foot traffic that provides a steady source of new customers that visit this area. Competition can be expected for this type of business as well as the location this business resides in, but due to competitive pricing and the high quality of their products, this business excels at retaining existing customers as well as new ones. Gross sales of this business were $/month have been very consistent with steady growth over the last decade of operation. While some marketing is done through social media outlets and natural word of mouth, other marketing tactics are pivotal for this business to generate more revenue and acquire new customers outside the local area. Adjusting the current operation hours will immediately increase the sales of the business, but will require some marketing to notify the existing customers of the new operating hours. This business has a huge opportunity for growth with the right potential Buyer actively managing the operation while increasing the local marketing.
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Property Features and Assets:
This business is located in a 2,500 Square Feet free-standing building surrounded by numerous businesses that attract immense foot traffic to this area. / Inventory: $15,000 (Included in listed price).
Market Competition and Expansion:
Competition: Few competitors are within the immediate market area, but this business has established itself in the local area for well over a decade with quality food products and competitive price points. Growth and Expansion: The only marketing in place is word of mouth and social media outlets. Local marketing is necessary to expand the customer base and generate new revenue sources.
Reason for Selling:
Health Issues
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
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