MergerPlace

Popular Asian Restaurant

Michigan (Montcalm)


  • Asking Price: $320,000
  • Gross Income: $273,400
  • Cash Flow: $127,125
  • Real Estate: $150,000
  • Inventory: Not Disclosed
  • FF&E: $40,000
  • Listing ID: #227047
  • Established: 2004
  • Employees: 4

Business Description

Outstanding casual Asian-focused restaurant offering an array of quality Chinese and Thai dishes.

Founded in 2004, the Restaurant is exceedingly popular in its area, with many popular reviews from happy customers and many return clients. The Business has been increasingly profitable, and even experienced a significant revenue increase during the pandemic!

The current owner and founder is seeking to sell the Restaurant in order to pursue retirement.

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Business Details

Primary Business Category: Restaurants, Bars & Other Food Services
Location: Michigan
County: Montcalm

Company Information

Year Established: 2004
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 4

Financial Information

Asking Price: $320,000
Gross Revenue: $273,400
Cash Flow: $127,125
EBITDA: $92,840
FF&E: $40,000
Real Estate: $150,000
Seller Financing Available: Yes

Property Information

Facilities:

1,050 square foot building with all new equipment.

Growth & expansion opportunities:

Growth Opportunities Include: (1) Catering & Delivery: Especially as take-out has become so popular, the Company could offer its customers delivery and wider catering options, even utilizing delivery apps. (2) Extended Hours: Current ownership is the Restaurant’s main cook, and he has kept operating hours relatively short in order to accommodate his work-life balance. Customers have requested more hours since they can’t get enough of this delicious cuisine. (3) Outdoor Dining: The Business’ facility has a small dining area, and they could expand into outdoor seating or perhaps expand their dining area.

Competition:

Investment Highlights Include: (1) Loyal Customers: The Restaurant has many returning customers in the area, and those who come from out of town. (2) Excellent Location: Though located in a small town, the Restaurant is the only one of its kind in the area and is on a high-traffic street with plenty of visibility and access. (3) Strong Customer Reviews: The Restaurant receives rave reviews from happy customers. (4) New Facility & Equipment: Within the past few years, the Business experienced a fire, and they have since updated their entire building and have all new equipment.

Reason for selling:

Retirement.

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