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Reputable traditional Vietnamese restaurant located in the heart of Dallas metroplex serving food in a modern and stylish dinner setting is available for acquisition. This business was originally established in 1999 by the current owner of the business and was later expanded 10 years ago to accommodate increased amount of customers. Although other Asian restaurants have come and went over the last several years, this Vietnamese restaurant was the first Asian restaurant established within the area that still operates to the current time without drastic decrease in sales. Most of the customers are high-income Caucasian individuals from the corporate building that are nearby this business as well as the heavily populated retail presence within this street brings immense traffic to the area. Net sales average was $95,000 - $100,000/month that has been consistent throughout the last 3 years of operation without any proactive marketing done. While some marketing is done through third-party delivery services and happy hour, other methods of proactive marketing needs to be done to increase profit margins as it would be cheaper to do delivery in-house and beneficial to use social networking sites to increase customer traffic. There are various methods to proactively market this business that range from direct mailing, in-house delivery service, additional alcoholic beverages, and new menu items for those health conscious customers, and using numerous types of social media outlets. Their menu also consists of a large selection in appetizers, salads, soups, rice dishes, noodle dishes, chicken entrees, seafood entrees, beef entrees, and an assortment of desserts. As a very well-known Vietnamese restaurant that has operated for almost two decades, a potential buyer that can proactively market this business as well as be fully committed is all this business needs to generate much more cash flow.
This business is located in a 3,000 SF freestanding building with patio surrounded by numerous retail businesses and many corporate buildings. There are various residential neighborhoods nearby that bring immense traffic to the area. All equipment is in good condition and in working order.
Some marketing has been done since establishment in 1999, but other forms of proactive marketing is needed to truly generate more revenue.
Several competitors are within the immediate market area, but this was the first Asian restaurant nearby the heart of Dallas that has already established customers for over a decade.
Burned Out / Other Opportunities
The current owner of the business will provide the necessary training to smooth out the transition into the business operation and is willing to stay few months after the sale.
100% down at the time of closing or 30% Cash Down with SBA Financing for Qualified Buyers with Industry Experience.
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