MergerPlace

Profitable Asian Fusion Restaurant

East Grand Rapids, Michigan


  • Asking Price: $299,000
  • Gross Income: $314,712
  • Cash Flow: $110,150
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $50,000
  • Listing ID: #223602
  • Established: 2018
  • Employees: 8

Business Description

This is an excellent opportunity for a new business owner desiring to operate an established and profitable restaurant with an enviable 4.7-star Google Review profile! This turn-key operation with loyal customers and several actionable opportunities for growth performed fantastically during the shelter-in-place orders with its fast-prep, takeout-ready menu and well-established relationships with popular delivery services like UberEats & DoorDash.

This is an Asian Fusion restaurant with a build-your-own style menu that includes gluten free and vegan options. The restaurant is located in a popular retail, entertainment, and dining district with substantial daily walking and vehicle traffic. The abundant attractions in the area make this a prime location for a restaurant with fair prices, quality ingredients, and delicious menu offerings!

The restaurant is well staffed with managers in place to oversee daily operations. The owner is seeking to focus on other business interests.

Thank you for reading this overview. The extent of the information that we are publicly permitted to reveal about this opportunity is contained in this overview. Please submit your contact information in the provided form. We have automated the processing of NDAs and sending of information for speed and efficiency.

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Business Details

Primary Business Category: Accommodations
Location: Michigan
Metropolitan Area: East Grand Rapids

Company Information

Year Established: 2018
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 8

Financial Information

Asking Price: $299,000
Gross Revenue: $314,712
Cash Flow: $110,150
FF&E: $50,000
Seller Financing Available: Yes

Property Information

Facilities:

950 sq. ft. facility. Fully equipped kitchen and dining area.

Growth & expansion opportunities:

(1) Outdoor Dining Area and Music: Adding outdoor seating and bringing in live music entertainment could be very beneficial. (2) Optimization of Online Profiles: While the company has done a great job of building a menu with attractive descriptions and photos, it has not rolled out many of these photos and descriptions to delivery partner sites. This would be a relatively easy way to upgrade its image and draw in more eyes and orders. (3) Liquor License: Adding an alcoholic beverage menu is a relatively easy way to increase average order size with a high margin product. (4) Expansion of Menu: The Restaurant has operated with the same menu for the majority of its time in operation. A new owner could add more options or offer rotating seasonal features.

Competition:

Investment Highlights Include: (1) Excellent Location: The restaurant operates in a popular retail and dining district in a high-end area of town. (2) Outstanding Customer Reviews: The Business boasts very strong review profiles on Google, Yelp, Facebook, UberEats, GrubHub, and DoorDash, among others. (3) Supportive Local Community: The Business is a community-oriented restaurant that recognizes how food can bring people together. The Restaurant continues to be heavily patronized by local clientele and regularly returning customers.

Reason for selling:

Other business interests.

Support & Training:

Ownership is willing to provide reasonable and customary transition assistance.

Contact Business Seller

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Business Listed By:

Max Friar

Calder Capital, LLC