Prime location fusion restaurant in one-of-the-most prominent retail zones is available for acquisition. This business was first established by the current owner of the business in 2013. While there are many retail businesses nearby, this business has no competition as there aren't any fusion Asian restaurants. Most of customers are high-income Caucasian individuals from the surrounding office buildings as well as the densely populated neighborhoods. Net sales average was $530,000/year that has been consistently growing at a steady pace for the last several years of operation due to some corporate and social media marketing. Marketing has been actively done through some ADs and online social media outlets, but other active ways of improving the dinner service as well as proactive marketing is crucial to generating additional revenue. Currently, lunch service makes up 70% of the total sales and dinner service is at 30% which can easily be increased if the dinner service is converted into full-service from limited-service. The numerous corporate offices nearby allows this business to generate huge sales during lunch, but isn't able to optimize dinner service due the area being populated with wealthy individuals who want a specialized dinner menu. Furthermore, the dinner menu can have new menu items created by a chef to accommodate the change from limited into full-service during dinner service that will in turn increase in customer traffic and cash flow. This fusion restaurant is already prepared to have potential buyer increase revenue by active involvement and proactive marketing within the local area.
Furniture, Fixtures & Equipment: $100,000 (Included in listed price)
Inventory: $2,500 (Included in listed price)
Financing: 100% down at the time of closing
Year Established: 2013
Facilities: This business is located in a 2,500 SF retail strip center surrounded by high-end retail businesses and busy intersections filled with high-income individuals.Support/Training: The current owner will provide the necessary training to smoothly transition into the business operation.
Reason Selling: Other Opportunities
Competition: There are no direct competitors within the immediate market area of this business.
Growth And Expansion: Local marketing and social media marketing is currently done, but other forms of local marketing are needed to truly generate more revenue and acquire untapped customers from all around the area.
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