Seller's Contact Information
- RE: Established Chinese Restaurant In High-end Area
- Contact: Moon Kim
- License #: 567204
Quick Facts
Asking Price: | $275,000 | |
Annual Revenue: | $529,302 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $133,733 | |
Total Debt: | Not Disclosed | |
FF&E: | 100,000 | |
Real Estate: | Not Disclosed | |
Year Established: | 2006 | |
Employees: | 7 | |
BBN Listing #: | 134919188 | |
Broker Reference #: | 000674 |
Business Overview:
Prime location in Northwest Dallas fast food Chinese restaurant with some Asian fusion menu items is available for acquisition. This business was originally established over a decade ago in 2006 and later relocated to a more optimal location in 2013 by the current owner of the business. Most of the customers are Caucasian individuals that live in the surrounding densely populated residential neighborhoods and many locals that order take-out on the way back home while passing the traffic heavy intersection. Net sales average was $50,000 a month that has been consistent over the last several years. Although some marketing is utilized though direct mailing, other proactive marketing methods needs to be used within the local area if this business is to continue growing and thrive in the immediate market area. Competition is expected for this type of business as the industry is very common, but thankfully the competitor within the local area has a completely different menu setup that provides cuisine from an alternate Asian country. There are many ways this business proactively markets within the local area by delivery service and some marketing done online that can all be better utilized if the marketing is more consistent than the current fluctuating marketing. Expanding the menu options to a wider selection of Asian cuisines will assist in bringing in a new set of customers that live in the surrounding area and cities adjacent from this location. 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.
To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.
Property Features and Assets:
This business is located in a 1,600 Square Feet retail strip center that is placed between a heavily populated retail business centers and intersection that consistently has dense traffic. All equipment is in impeccable condition and in working order. / Inventory: $4,000 (Included in listed price).
Market Competition and Expansion:
Competition: One competitor is within the immediate market area, but there's a distinct difference in the type of cuisine provided at this business compared to the other competition. Growth and Expansion: Some marketing is in place to grow the business, but other proactive marketing methods needs to be consistently utilized for this business to reach full potential.
Reason for Selling:
Burned Out / Health Issue
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:
Relevant Links:
Here are some of the similar listings you can choose from
EDIBLE ARRANGEMENTS FRANCHISE
13 years of operation, the only Edible location servicing Cape Cod. Located in busy commercial shopping plaza including restaurants, movie theater, Fitness and daycare operations.
Pizza Burger Fry Fast Food - Near High School
Located in a shopping center on two major streets near a famous high school, this pizza, burgers, fries, and onion ring shop boasts a very upgraded kitchen and has the capability to change its menu to that of an Asian fast-food restaurant. Additionally, it offers ample parking.
Nationally Known Fruit Basket Gift Franchise
Two central NJ locations, 25 minutes from each other. Owner is completely absentee and has a manager. This is a great owner/operator opportunity and plenty of room for growth! Seller can prove all financials. Franchise royalty 5% 3.5 marketing.