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This restaurant opportunity is a longstanding community brand known for its quality dining experience. Under current ownership since 1992, many of its employees are long-tenured and loyal.
Financial reports show predictable stability year-on-year on key metrics such as revenues, COGS, gross margin, and expenses. Discretionary earnings have improved in 2019 as a result of fine-tuning expenses and sales, and 2021 is on track for the same results despite the impact of the pandemic shutdown and operating hours being about 15% less than 2019.
The management structure of the restaurant is robust, with built-in redundancies at the level of each operating section in order to ensure seamless continuity. This management structure allows the owners to take time off, travel and be assured of good leadership in their absence.
The restaurant moved to its current 8000 sqft location in 2015, having built a dedicated facility designed to optimize workflows and fulfill the owner’s vision of a modern and comfortable facility catering to a wide range of clients, from families with young children to secluded areas for events and corporate gatherings. At the time of the move, most of the kitchen equipment was upgraded or updated.
This sale is listed for a total of $2,610,000 and is comprised of
$750,000 for the business and $1,860,000 for the real estate. The sale of the real estate is optional, a buyer possibly choosing a lease option.
Real Property Included
Road with high traffic providing high visibility.
Standalone building, built-to-suit needs of current operation.
Restaurant model can be franchised.
Limited competition in the segment of quality, dine-in ethnic experience.
Two weeks transition support, with longer support negotiable as needed.
Seller financing of 10% as match to SBA loan.
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