True authentic Vietnamese restaurant in a prime epicenter location of the high-income area with heavy intersection traffic is available for acquisition. This business was originally established in 2007 and acquired by the current owner in 2016 with consistent sales already in-place. There's absolutely no competitor in the immediate market area that is remotely similar to this style of business, but one Chinese restaurant is nearby that is an in-direct competitor that has a completely different demographic than this restaurant. A large portion of the customer base consists of upper-class individuals from nearby office buildings and families from the neighborhoods. Sales average at $20,000 - $25,000/month which is consistent since the acquisition of this business from the current owner and can easily increase revenue through proactive marketing. It's crucial for this business to actively market their business to the general area since this business hasn't fully reached the pinnacle of sales in the general area through marketing. Addition of local marketing as well as online marketing through daily lunch specials, website optimization, happy hour, Valpak, door hangers, and updating food review websites to keep locals up-to-date. As the current owner works only part-time the cash flow isn't up to the optimal amount that the owner can acquire each month, but revenue and sales should increase once full-time involvement and management is in place. This business provides various products such as many appetizers, pho noodle soup, broken rice dishes, vermicelli noodles w/meat, Vietnamese sandwiches, fried wok noodles, stir-fried dishes, boba teas, and specialty dishes that was created by the sous-chef. Recently renovated, this authentic Vietnamese restaurant has all that's needed to grow in sales and has been gorgeously remodeled with an elegant look to match.
Furniture, Fixtures & Equipment: $25,000 (Included in listed price)
Inventory: $6,000 (Included in listed price)
Financing: 100% down at time of closing or 50% Cash Down with SBA Financing for Qualified Buyers with Industry Experience.
Year Established: 2007
Facilities: Located in a prime 2,000 SF retail strip center that was recently renovated that has heavy traffic in the nearby intersection. All equipment is in impeccable condition and in working order.Support/Training: Owner will provide training during a 2-4 week period for a smooth transition into the business operation.
Reason Selling: Other Opportunities.
Competition: No true competitor is within the immediate market area that specializes in authentic Vietnamese cuisine.
Growth And Expansion: Some marketing is done through local coupons and certain social media pages, but more proactive marketing tactics are needed to truly increase revenue.
Asking Price $75,000
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