Semi-Absentee Growing 2-Location Asian Restaurant

Not Disclosed, TX
Collin County

Far North Dallas


Asking Price: Annual Revenue:
$900,000 $1,448,932

Food & Beverage: Miscellaneous


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RE: Semi-Absentee Growing 2-Location Asian Restaurant Broker: Kevin Chung
License #: 567204

Quick Facts

Asking Price: $900,000
Annual Revenue: $1,448,932
Net Profit: Not Disclosed
Cash Flow: $251,508
Total Debt: Not Disclosed
FF&E: $200,000
Real Estate: Not Disclosed
Year Established: 2017
Employees: 19
BBN Listing #: 94419188
Broker Reference #: 001238

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Business Overview:

Semi-Absentee, 2 Location restaurant with continuous growth is available for acquisition. These two restaurants are located in the fastest-growing part of North Dallas and are only 10 miles apart, making it easy to manage both restaurants. The restaurant's unique menu consists of American-Asian cuisines, such as a variety of fried rice, different types of noodles, appetizers, orange chicken, etc. The menu is unique as it's simple but able to target a broad customer base by combining different base ingredients and sauces to create different cuisines. The kitchen has also been designed strategically to enhance operations and efficiency that complement its unique menu. The first location opened in 2017, and as the sales and popularity grew, the owner expanded with a second location in a nearby city that was rapidly developing. The second location opened in 2019, and the revenues of both stores have been growing even throughout the pandemic. The first location's average gross monthly sales have grown from $68,000 in 2019 to $77,000 in 2022 and the second location has grown from $38,000 since it was established in 2019 to $58,000 in 2022. The first location operates in a 2,632 Square Feet retail strip center situated next to one of the country's largest national retailers, bringing in tremendous foot traffic. The supercenter also has a very efficient mix of retailers that serve the demographics suited for this business in an area heavily surrounded by single-family homes in all directions. The second location operates in a 2,415 Square Feet retail strip center in one of two shopping centers in a fast-growing city North of Dallas with massive population growth. All of the equipment is top-of-the-line and in excellent working condition. Revenues at both locations have seen consistent growth, with the second location witnessing an increase in double-digit percentages year-over-year. Both locations are fully staffed with management in place, with the owner working part-time between 15 - 20 hours per week in higher management roles. There is much more room for growth for both locations as the geographical region continues to draw in people moving into the Dallas metroplex. As the cities the restaurants serve to continue to develop and grow, the restaurant's sales will grow organically. The restaurant has recently started 3rd party deliveries, which will help its growth. Adding social media with a more substantial online presence can help capture new customers moving into the cities and increase the visibility of the restaurants for potential customers already existing within the geographical territory it serves. A restaurateur that can provide consistency with its current high-quality products and services can hope to grow the two restaurants organically as the geographic region continues to be developed. A hands-on owner-operator can also save drastically on the payroll, as the current staff consists of 3 managers.

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Property Features and Assets:

The first location operates in a 2,632 Square Feet retail strip center situated next to one of the country's largest national retailers, bringing in tremendous foot traffic. The supercenter also has a very efficient mix of retailers that serve the demographics suited for this business in an area heavily surrounded by single-family homes in all directions. The second location operates in a 2,415 Square Feet retail strip center in one of two shopping centers in a fast-growing city North of Dallas with massive population growth. All of the equipment is top-of-the-line and in excellent working condition. Each location is less than 10 miles from each other and can easily be managed. / Inventory: $10,000 (Included in listed price).

Market Competition and Expansion:

Competition: There are a few competitors, such as chain restaurants, in the area as any other restaurant, but the restaurant is established with many regulars that have become accustomed to the flavors of this restaurant. The restaurant has a unique menu that is simple yet, able to target a broad customer base by its design. Along with the menu, the kitchen has also been designed very strategically to be able to handle high-volume with proper execution, along with multiple stations designated for ease of storage and inventory. This combination of kitchen and menu design helps reduce waste, employees are able to help with inventory, and easier for employees to work and be trained. Growth and Expansion: There is much more room for growth for both locations as the geographical region continues to draw in people moving into the Dallas metroplex. As the cities the restaurants serve to continue to develop and grow, the restaurant's sales will grow organically. The restaurant has recently started 3rd party deliveries, which will help its growth. Adding social media with a stronger online presence can help capture new customers moving into the cities and increase the visibility of the restaurants for potential customers already existing within the geographical territory it serves.

Reason for Selling:

Other opportunities.

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.

Documents:

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