Grapevine Chinese Vietnamese Buffet & Menu For Sale

Business description

Dallas-Fort Worth Chinese-Vietnamese Buffet and a la carte Restaurant. Profitable, established 15 years with large repeat customer base. Dine-in, takeout and delivery PLUS sells appetizers to local hotels. Good location on busy street near DFW Airport. Business can be grown in many ways: 1) extend buffet hours (currently lunch only + dinner Thurs/Fri), 2) print/deliver menus to local residences/businesses, 3) add beer/wine, 4) add salad bar, steam bar or sushi, 5) add live music. Suitable for family operation. Sales are ~45% cash/55% credit cards. Seller willing to stay for 2-3 months if desired by buyer.

Property information

Location:

The ~2,300 SF space is located in a strip center and is leased for ~$4,709/month including NNN. The 5 year lease starts April 2008. All equipment is owned EXCEPT for the soda fountain machine & drink cooler (both supplied by bottler) and dishwasher line (leased for ~$151.20/month).

Other information

Expansion potential:

This is a strong location with excellent potential for a single owner or family operation. A new owner can continue to grow the business in several ways: Extend Buffet hours Market Appetizer sales to local hotels Add salad bar and/or sushi Print/Distribute menu flyers at local offices, businesses, schools Promote Call ahead or Fax-in ordering Add beer & Wine Add live music

Competition / Market:

The business is a family-owned and operated restaurant. The employees are family members and include the owner, his wife, their children & niece. The owner and his wife both cook. The owner s family expects to LEAVE after a transition period. The owner is willing to stay as cook for 2-3 months

Support & training:

Negotiable. 2-4 weeks is normal.

Reasons for selling:

Burnout

Furniture / Fixtures value:

$75,000

Inventory / Stock value:

$2,000 (included in the asking price)