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- RE: Great Location Vietnamese Pho Restaurant-New Price
- Contact: Anthony Keane
Quick Facts
Asking Price: | $175,000 | |
Annual Revenue: | $872,405 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $67,600 | |
Total Debt: | Not Disclosed | |
FF&E: | $25,000 | |
Real Estate: | Not Disclosed | |
Year Established: | Not Disclosed | |
Employees: | 10 | |
BBN Listing #: | 642044107 | |
Broker Reference #: | 76931-121737 |
Business Overview:
Delicious established Vietnamese Pho Noodle restaurant. Located in a highly visible shopping center in desirable Katy, TX. Staff of 10 (6 FT and 4 PT), Currently 58 seats, however, majority of sales are from take-out. This restaurant has strong growing revenues and is pandemic resistant with established take-out and delivery service. Revenues per 2021 tax return are $872,000. Seller Discretionary Earnings for 2021 per tax return are $68,000. (SDE would be $10,000 more without deferred rent from 2020).
The sister location Sugar Land was established in 2017. This location opened at the end of 2018 under the same ownership. Because of the popularity in Sugar Land, this location was able to grow the customer base faster and with targeted customer marketing strategies. This created strong customer retention.
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Reason for Selling:
Personal
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
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