Hawaiian Asian Style Fast Food - Strong Take-Out

Not Disclosed, WA
King County


Asking Price: Annual Revenue:
$275,000 $500,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Hawaiian Asian Style Fast Food - Strong Take-Out Broker: Seller of Business
Owner Financing is Available!
The seller will finance up to $140,000 of the sale price for a qualified buyer.

Quick Facts

Asking Price: $275,000
Annual Revenue: $500,000
Net Profit: Not Disclosed
Cash Flow: $150,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: $595,000
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 964035781
Broker Reference #: HT2021

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Business Overview:

This business is a successful, multi-decade Hawaiian/Asian style quick service restaurant. Superbly located and firmly established, this reputable local food service provider capitalizes on high foot traffic, excellent visibility from a busy street, easy access, ample dedicated customer parking, and a wide spectrum of favorable customer demographics. Exceptionally well-reviewed, and with a loyal, repeat clientele at the foundation of its proven success, the restaurant also caters to the growing population in the nearby residential bedroom communities, retail and commercial tenants, institutional and corporate employees, and destination customers. Consistently busy lunch and dinner service targeting the fast casual sector anchors the business model. Predictability is the norm, with minimal seasonal fluctuations and steady flow of business throughout the week and into the weekends. Brand recognition and strong competitive advantages are attributable to a combination of all original, proprietary recipes, excellence and efficiency in customer service, healthy meal options, and tried and true crowd favorites served with a unique, authentic flare.

The restaurant has successfully navigated the pandemic related challenges of 2020. The versatility and the resilience demonstrated by the business model enabled the restaurant to pivot and switch between the allowable combination of dine-in, take-out, and delivery modes of service and to remain operational and guideline compliant. Revenue and profitability achievements in 2020 were a result of organic brand strength, goodwill, and ownership’s adherence to effective cost management practices. Variable expenditures of cost of goods and productive labor as well as the fixed cost of commercial occupancy remained at historically low levels as a percentage of sales and significantly below industry standards. Gross revenue figures are largely reflective of direct sales and ownership’s elected preference for limited business hours. Strategic engagement with third party delivery partners and expanded hours of operation present avenues for immediate growth by meeting the existing product demand expressed by the growing customer base.

The business operates out of approximately 1,450 square feet of space with a combined 45 guest seating capacity between indoor and outdoor dining spaces. Present occupancy costs include $2,775 of monthly base rent charges and pro rata share of NNN expenses. Ordinary course of business is reliably supported by a seasoned staff of 6-7 full and part time employees. Ownership contributes approximately 20 hours a week to the labor of the business. This is a fantastic opportunity for a new owner operator to step into an established going concern and maximize earnings by assuming a full-time role in the business, or an entrepreneur with existing locations in the sector seeking to increase market share and grow by acquisition.

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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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