Asset Value. Brand-new Vietnamese Restaurant

Not Disclosed, TX
Fort Bend County


Asking Price: Annual Revenue:
$250,000 $300,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Asset Value. Brand-new Vietnamese Restaurant Broker: Pedro Palacios-Rhode

Quick Facts

Asking Price: $250,000
Annual Revenue: $300,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $45,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 6
BBN Listing #: 276344107
Broker Reference #: 76931-291777

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Business Overview:

Great opportunity to acquire a brand-new Vietnamese cuisine restaurant with growing sales located in a major road of a rapidly developing neighborhood in Katy, Texas, for less than equipment and build-out value. The restaurant opened in January 2019 and has a full kitchen staff which can operate independently of the owner. This well-decorated restaurant has a great taste in traditional Vietnamese style and has received excellent internet reviews for its delicate dishes which are prepared fresh daily. The furniture and equipment are valued at approx. $45,000, and leasehold improvements of approximately $230,000, for a total value of $275,000 in start-up costs. The restaurant is being offered at a discounted $250,000 as owners require a quick sale. Owners' are selling for family reasons and cannot continue to operate restaurant.

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Property Features and Assets:

The restaurant was recently opened by a Vietnamese family with an established tradition as restaurant operators and over 20 years’ experience in Vietnamese cuisine. The restaurant as a full kitchen staff and can operate independently of owner. Food is prepared from fresh products daily. The restaurant is decorated with great taste in traditional Vietnamese style and has gotten excellent reviews. After opening the restaurant, the owners now face some personal issues that now require them to sale the business.

Market Competition and Expansion:

No direct competition in the area Potential Growth Carry out a marketing campaign (fliers, brochures, etc.) and increase delivery.

Reason for Selling:

Personal

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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