Office ID: #001028
Unique Asian restaurant that first started as a food truck business turned brick and mortar store is now available for acquisition. The business was originally established as a food truck business in 2011 by the current owner, and a brick and mortar store was established in 2016 after huge success in business traction. The menu was developed with the intention to utilize all food material without much waste and efficiently operate the business without lowering quality or speed. Competition is inevitable in this type of industry, but this business offers not only very strong product lines but also very unique products that other competitors can't replicate. There are few indirect competitors in the immediate market area, but most of them are full-service restaurants and this business is a limited-service restaurant that has its own demographic. A large portion of the customers consist of middle to upper-class individuals and office workers coming from nearby areas for a quick lunch, but the customer base is not limited to the immediate market area but it goes all the way to the entire DFW due to countless visitors to this high traffic area. Due to its strong and unique product line and customer service, gross sales of this business have been consistent for the last several years running at around $360K-400K per year before the pandemic. Currently, online marketing is in places through social media outlets, but there is still much more marketing to be done to reach its maximum income potential. More marketing efforts on delivery and take-out service, including 3rd party delivery, can greatly improve the sales as the demand for delivery and take-out service is growing faster than ever after the COVID-19 outbreak. By expanding 3rd party delivery service providers such as Uber Eats and Door Dash, the operation can be streamlined and help reduce the workload for doing in-house delivery. Marketing efforts on increasing catering business to corporate offices and headquarters, medical offices, car dealership, and churches nearby can also significantly improve the sales as the catering business remain untapped. The food trucks for the business isn't included in the sale but can be purchased depending on the Buyer's need. This well-established fusion Vietnamese restaurant is ready for a potential buyer to involve actively in the business operation while marketing to grow the business to maximum income capacity.
This business is located in a 911 SF space surrounded by numerous regional and national retailers, restaurants, grocery chains, offices, high-rise buildings, and densely populated residential areas. All equipment has been expertly maintained is in excellent working order and condition.
Marketing efforts on delivery and take-out service can significantly improve the sales as the demand for delivery and take-out service is growing than ever after the COVID-19 outbreak. Serving alcoholic beverages such as beer and wine will also significantly boost sales as the demand for alcoholic beverages are very high in this market area. With proper marketing, the sale can be up by double more.
Few competitors are within the immediate market area, but this business has its own demographic as a limited-service restaurant compares to other full-service restaurants.
Burnt out / Other opportunities
The owner will provide sufficient training for an agreed-upon period to make the transition into the business as seamless as possible.