What is the current gross revenue for these restaurants?
The current gross revenue being generated is an estimated at $240,616.
How do the restaurants profit?
Profits are generated from the gross revenue, minus food purchases, supplies, and operating expenses. This will determine your net/cash flow.
Can I finance these restaurants?
There is no seller financing. This business may qualify for a business or SBA loan. However, if financing is needed for startup cost you can review additional Financing Options Here.
What are my expenses and overhead for a restaurant business?
Expenses will vary for each restaurant owner depending on the type of restaurant, number of employees, and location. On average restaurant expenses usually include: payroll, payroll taxes, workers compensation, accounting, advertising, supplies, food, electric, property rental fees (usually includes water and garbage), permits and licenses, phone, and liability insurance. Expenses are estimated to be $209,425 per year.
Are the restaurant properties owned or leased?
Currently the owner leases the property. Note: New buyer will negotiate and sign lease terms with the property owner.
Where are the restaurants located?
Located in the Carrollton, Texas area. Physical address will be released to qualified buyers upon execution of an NDA.
What type of equipment is included with the sale?
Current list of equipment includes: Hood, Deep Fryer, Oven, Burners, Sinks, Refrigerator, Freezer, Beverage Refrigerator, Tables and Chairs.
What size and how many customers can this restaurant seat?
Restaurant is 2600 sq. ft. and seats 122 inside.
Do these restaurants currently have a beer or liquor license?
No, there is no beer or liquor license included with this sale.
Do the restaurants offer drive-thru or delivery service?
No, there is no option for a drive-thru, however most Vietnamese Restaurants offer take-out service. New owner may choose to offer delivery service.
How long has the seller owned the restaurant?
Seller has owned this business for less than 1 year.
Why is the owner selling?
Owner focusing on other businesses.
What are the hours of operation?
This business operates from 10:00am – 9:00pm Monday – Sunday. New owner may set their own hours.
What type of neighboring business are in the area?
Currently this plaza has the following businesses: Supermarket, beauty school and beauty salon, beauty supply store, an insurance agency, discount stores, day care, dentist, and more!
What do you recommend when purchasing a business?
When purchasing this type of business we recommend forming some type of entity such as an LLC or Corporation to do business under. This not only offer protection for your personal assets, but also ensures protection of your business. If you need help forming this, we recommend that you Form A Corporation Here.
What else should I know?
Located in an busy and established plaza! Restaurant has been built-out to accommodate and operate as a Vietnamese Restaurant. Priced to sell at $189,000 with all equipment included! For additional information and to evaluate this business more Contact Us About This Restaurant Here!