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Small Scale Chinese Restaurant
Location: United States -> Texas -> Dallas
Industry: Food and Beverage > Other Food and Beverage




Business Summary

Well-established American Chinese restaurant that carries a variety of menu items in end-cap space of prime location is now available for acquisition. This business in a 1,575 SF end-cap space of retail strip center is located next to an intersection with consistently heavy traffic and nearby densely populated residential area and small businesses that attract a number of people to the area. Overall demographics of the restaurant are mostly middle-class of a well mix of ethnic groups from nearby neighborhoods and local businesses. Few competitors are found in the immediate market area, but the business is optimally placed next to an intersection surrounded by many local retailers with heavy traffics and nearby densely populated residential area. This business provides an online ordering service with variety of menu items and delivery service is also provided within 4 miles through in-house delivery services. Gross sales have been consistent for the past couple years in the range of $245K to $270K per year without any marketing except for thru word of mouth. Although no marketing efforts is in place in the currently other than word of mouth, proactive marketing in various methods is crucial to the further growth of this business in overall cash flow and acquisition of new customers from untapped areas of the city. There are many ways to accelerate the continued growth of this business, first through proactive marketing such as direct mailing, social media outlets, flyers, daily specials and second by setting up 3rd party delivery services in the local area can boost the sales as well as reaching out to more customers within untapped areas of the business. Renovation and remodeling of the business are needed as the interior need more modernized look to attract new set of customers and to bring the facility up to code per city ordinance. Upgrading the current POS system will also help the business's operation flow much more smooth, allowing this business to enhance...


Financials

Asking Price Range:  < $250K
Gross Revenues:   $261,731
Cash Flow:   $40,153
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  No

About The Business

Year Established:  2011
Number of Employees:  1 - 3
Relocatable:  No
Franchise:  Yes
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  Owner will provide a sufficient training for an agreed upon period to make the transition into the business as seamless as possible.
Reason For Selling:  Family Relocation




Print Listing Id: 700342608
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Related Searches: Catering Services  >  Food Production and Packaging  >  Grocery and Supermarkets  >  Liquor Stores  >  Restaurants and Fast Food (Non-Franchise)  >  Vending Machines  >  Other Food and Beverage  > 

Also See: Franchise Opportunities > Franchise Resales > Texas Businesses For Sale > Texas Franchises For Sale > Texas Business Brokers



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