Business For Sale

Prime Location Fully Equipped Chinese Restaurant

Not Disclosed, TX
Dallas County

North Dallas

Asking Price: Annual Revenue:
$70,000 $480,067

Food & Beverage: Miscellaneous

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RE: Prime Location Fully Equipped Chinese Restaurant Broker: Kevin Chung

Quick Facts

Asking Price: $70,000
Annual Revenue: $480,067
Net Profit: Not Disclosed
Cash Flow: $60,785
Total Debt: Not Disclosed
FF&E: $15,000
Real Estate: Not Disclosed
Year Established: 1998
Employees: 6
BBN Listing #: 585119188
Broker Reference #: 000653

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Business Overview:

Authentic family-owned Chinese restaurant with classic Chinese cuisine made in a fully-equipped kitchen is available for acquisition. This business was originally established over two decades ago and was later acquired by the current owner of the business in 2015. Most of the customers are upper-class Caucasian individuals that work as employees to the surrounding office buildings that hold many corporations during lunch hours and local families that live in the densely populated residential neighborhoods for dinner hours. Gross sales average used to be higher than current sales but currently is around $40,000/month due to lack of owner involvement and not having competent employees in the front. Although no active marketing is done at the current time, other proactive marketing methods needs to be utilized to generate more cash flow and acquire new customers from the untapped areas within the city. Competition is expected for this type of business, but there are no direct competitors within the immediate market area that competes with the same type of cuisine and the indirect competition is in a different sub-industry. There are many ways to proactively market this business such as direct mailing, social media outlets, liquor license, weekly specials, daily deals, senior discounts and owner involvement. Full-time owner involvement is crucial to the further growth of this business since the owner will be able to consistently put effort into bringing the quality of services higher and cut excessive payroll expenses on management. Acquiring a liquor license to provide happy hour services will benefit this business greatly as the many corporate offices nearby will have young adults with large amounts of disposable income to spend on alcoholic beverages. 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. As a well-established restaurant with fully equipped kitchen in a prime location, this business can reach its full potential with an owner operator and a better management team or can be turned into a different concept and to market different crowd.

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Property Features and Assets:

This business is located in a prime 2,500 Square Feet retail strip center that is placed nearby a huge shopping center that has numerous residential neighborhoods and with the opposite side of the highway covered in office buildings. / Inventory: $6,000 (Included in listed price).

Market Competition and Expansion:

Competition: Few indirect competitors are within the immediate market area, but there are no direct competitors that compete in the same industry as this business. / Growth and Expansion: There is no marketing done at the current time except for free appetizer through their business website by discount code, but other proactive marketing methods needs to be utilized to generate more cash flow and acquire new customers.

Reason for Selling:

Has another full-time job to look after.

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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