Business For Sale

30 Years Established Authentic Chinese Restaurant

Not Disclosed, TX
Tarrant County

West Dallas


Asking Price: Annual Revenue:
$100,000 $600,000

Food & Beverage: Miscellaneous


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RE: 30 Years Established Authentic Chinese Restaurant Broker: Kevin Chung

Quick Facts

Asking Price: $100,000
Annual Revenue: $600,000
Net Profit: Not Disclosed
Cash Flow: $100,000
Total Debt: Not Disclosed
FF&E: $50,000
Real Estate: Not Disclosed
Year Established: 1990
Employees: 3
BBN Listing #: 789719188
Broker Reference #: 000677

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Business Overview:

Prime location authentic family-owned Chinese restaurant known for both Chinese and Vietnamese cuisine is available for acquisition. This business was originally established over three decades ago and was later acquired by the current owner of the business in 1990. Most of the customers are corporate employees that come during their lunch breaks and families that live around the densely populated residential neighborhoods for dinner hours. Net sales average was $550,000/year that has been consistent over the last decade due to the solid customer base this business has built over since the 1990s without any marketing in place except word of mouth. Although no marketing is currently done to expand the business, other proactive marketing methods can easily be utilized to generate more cash flow and acquire new customers that has live outside the market area. Competition can be expected for this type of common business industry, but this business has been providing Authentic Chinese and Vietnamese cuisine in the area for decades with many indirect competitors that don’t have the same quality as this restaurant. There are many ways to proactively market this business such as direct mailing, discounts, daily specials, coupons, social media outlets, renovation and brand new signage. Renovation of the business is needed as the exterior is in need of a more modern look to attract new set of customers and new signage is also necessary to be easily recognizable driving past this business. 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.

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Property Features and Assets:

This business is located in a 1,900 Square Feet freestanding building that is placed next to a heavy traffic intersection and numerous residential neighborhoods behind the retail strip centers. All equipment is in impeccable condition and in working order. / Inventory: $3,000 (Not Included in listed price).

Market Competition and Expansion:

Competition: Few competitors are within the immediate market area, but there is no competitor that serves authentic Chinese dishes and has a well-built reputation that has been known for several decades in the local area. / Growth and Expansion: There is no proactive marketing done at the current time.

Reason for Selling:

Retirement

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.

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