Delivery and Take Out Chinese Restaurant

Not Disclosed, TX
Tarrant County

North Fort Worth


Asking Price: Annual Revenue:
$65,000 $264,000

Food & Beverage: Miscellaneous


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RE: Delivery and Take Out Chinese Restaurant Broker: Kevin Chung

Quick Facts

Asking Price: $65,000
Annual Revenue: $264,000
Net Profit: Not Disclosed
Cash Flow: $55,000
Total Debt: Not Disclosed
FF&E: $30,000
Real Estate: Not Disclosed
Year Established: 2009
Employees: 5
BBN Listing #: 501819188
Broker Reference #: 000759

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Business Overview:

Prime location Chinese restaurant specializing in delivery service and take-out orders is available for acquisition. This business was originally established nearly a decade ago in 2009 by the current owner of the business. Most of the customers are well paid upper-class Caucasian individuals that live in the surrounding densely populated residential neighborhoods and employees that are headed home from the major highway easily accessible from this retail strip center. Gross sales average was $264,000/year decreased due to staff issues that can easily be fixed with hiring competent employees as well as marketing in the local area. Although no marketing is currently in place, other proactive marketing methods needs to be fully utilized to generate maximum income potential in the local area and acquire new customers. Competition is expected as this business is common within this industry, but this business has very competitive price points for their products that fits with the demographic in the area of this business compared to the competitors. There are many ways to proactively market this business such as door hangers, flyers, direct mailing, 3rd party delivery services, student discounts, weekly specials, daily deals and hiring staff to cover the front of the business. Hiring new staff to take over certain duties in the business will allow the business owner to managing all back office work such as marketing to expand the customer base which in turn will increase the sales of the 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 operation.

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Property Features and Assets:

This business is located in a 1,260 Square Feet retail strip center that has easy access from the major highway which holds many local and national retail businesses. / Inventory: $3,000 (Not Included in listed price).

Market Competition and Expansion:

Competition: Some competitors are within the immediate market area, but this business provides competitive pricing for their products that bring customers from all around the area. Growth and Expansion: There is no proactive marketing done at the current time. Utilizing 3rd party delivery services for lunch and dinner and hiring extra delivery drivers will immediately increase overall sales.

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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