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Chinese & Japanese Restaurant
Location Texas,United States
Asking Price Range < $250K
Gross Revenues $330000
Net Profit / Cash Flow $60000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 2010
Number of Employees 1 - 3
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training Seller will train new owner for a smooth transition.
Reason for Sale Spend more time with family
Description Chinese and Japanese restaurant located in prime location of Irving surrounded by countless corporations. The restaurant offers Chinese foods and Japanese California Rolls and Sushi. In lunch time, it is packed with customers from surrounding corporations. In dinner time, it has a lot of delivery businesses from surrounding residents. Occupied in a 1,992 SF of end-cap of upscale retail strip center, this restaurant features outside patio as well. Considering its prime location, the restaurant has a great growth potential to grow. The lease has a ceiling price that landlord cannot go any higher, and current owner is at the ceiling price. As renewal is near, the rent is expected to go down significantly to the level when lease was first signed 5 years ago. This is a great opportunity to buy an Asian restaurant that has a great potential to grow at a lower than market price.
Asking: $79,000
Furniture, Fixtures & Equipment: $50,000 (Included in listed price)
Inventory: $2,000 (Included in listed price)
Financing: 100% Cash at Closing. Seller will consider financing to qualified buyers.
Facilities: Occupied in a 1,992 SF of end-cap space of high-end retail strip center located in prime location of Irving, TX. All equipments are immaculately maintained.
Competition: 1 direct competition is found across street but different concept.
Growth And Expansion: Located in prime location, with more pro-active marketing and some updates needed in the restaurant the sales can grow significantly.
Primary Phone: 972-247-3202 or 866-519-2421
Click Here To Contact Seller
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