Listing ID: 80478
Business Overview
A High Profit and well-established Chinese and Sushi Bar since 2014, located in very busy Cumming, GA is now available.
$425,000 – Restaurant Business producing SDE of $402,273
$950,000 – Building 10,000 SF./ 4,000 SF being used for the restaurant and storage
This restaurant offers Chinese, Thai River and Japanese Cuisine along with a beer and wine menu. Loyal following and great food is the strength of this business. Take out and Delivery services provide half of the sales. In 2020, this restaurant kept pace with their 2019 revenues averaging $90,000 per month. They are on pace to grow to an average of $100,000 per month in 2021. Their model was already in place prior to the Covid-19 crisis which put them in a great position to maintain the revenue levels of prior years when so many other businesses had to close their doors.
The owners wish to sell the property along with the business but are willing to sell the business separately If the restaurant business buyer does not want to acquire the property, the 4000 Square Foot, 5 year lease for restaurant and storage would be $6,333.00/month.
This is a great opportunity to own property in Cumming GA (Forsyth County) and a highly rated restaurant that has consistently produced high income for the past several years.
Financial
- Asking Price: $425,000
- Cash Flow: $402,272
- Gross Revenue: $897,704
- EBITDA: N/A
- FF&E: $105,000
- Inventory: $10,000
- Inventory Included: Yes
- Established: 2013
Detailed Information
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:4,000
- Lot Size:N/A
- Total Number of Employees:14
- Furniture, Fixtures and Equipment:N/A
Commercial Property is also available at a price of $950,000.00, appraised in August 2021 Property is 10,000 SF with 4,000 SF used for the restaurant or The Seller will put together a lease agreement to rent the building for 5 years at $6,333.00 per month. The facility is approximately 4,000 SF with kitchen, office, storage, restrooms, bar area and the dining area. The facility is located in a very busy area of the county/city with plenty of foot traffic. The building can be purchased with the sale or the owner is willing to separate the restaurant business from the building and set up a lease arrangement for the buyer.
4 weeks
relocation
There is not another restaurant in the immediate area that has the same concept, branding and quality of food than this Chinese restaurant. With the diverse menu they have of Chinese, Thai River, Japanese Cuisine and Sushi & Sashimi, they have a developed a very strong and loyal customer following. They had great foresight in creating a model that combines delivery, take out and in person dining to withstand any catastrophic event like the recent pandemic that shuttered many restaurants while they had one of their best years in 2020.
The restaurant is already poised for incredible growth with their model focusing on deliveries, take out and in person dining. This model took them through 2020 and the covid crisis without missing a beat in their revenue and profitability. Adding social media to market the cuisine that they serve would bring a great opportunity for growth in all 3 areas of delivery, take out and in person dining. Other opportunities for growth: • Catering Services • Events • Private parties • Add EDDM (every day direct mail) • Add more combo meals (For more dine in business) • Add more wine service (For more dine in business)
Additional Info
The venture was started in 2013, making the business 9 years old.
The sale will include inventory valued at $10,000, which is included in the suggested price.
The company has 14 employees and is located in a building with estimated square footage of 4,000 sq ft.
The property is leased by the company for $6,333 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons why people decide to sell operating businesses. Nevertheless, the true factor and the one they say to you might be 2 totally different things. For instance, they might state "I have too many other responsibilities" or "I am retiring". For many sellers, these reasons stand. But also, for some, these might just be excuses to attempt to conceal the reality of altering demographics, increased competitors, current decrease in profits, or a variety of various other factors. This is why it is really important that you not rely entirely on a seller's word, however rather, make use of the seller's answer in conjunction with your total due diligence. This will paint an extra reasonable picture of the business's current circumstance.
Existing Debts and Future Obligations
If the current entity is in debt, which numerous businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Lots of operating businesses borrow money with the purpose of covering points like stock, payroll, accounts payable, and so on. Keep in mind that sometimes this can indicate that earnings margins are too thin. Lots of companies fall into a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may also be future obligations to take into consideration. There may be an outstanding lease on equipment or the structure where the business resides. The business may have existing agreements with suppliers that should be met or may lead to charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the location draw in brand-new clients? Many times, companies have repeat customers, which create the core of their day-to-day profits. Certain elements such as brand-new competitors sprouting up around the area, roadway building, as well as staff turnover can impact repeat customers and also adversely influence future incomes. One essential point to consider is the area of the business. Is it in an extremely trafficked shopping center, or is it hidden from the main road? Certainly, the more individuals that see the business often, the greater the chance to build a returning client base. A final idea is the basic area demographics. Is the business located in a densely populated city, or is it located on the outskirts of town? Exactly how might the regional typical house earnings impact future earnings potential?
