|Very Profitable Asian Restaurant on USA Marine Base|
NCListing DetailsOffice ID: ASIAN1
Listing Broker: George Bradbury
Listing Price: $395,000
Gross Revenue: $849,798
Cash Flow: $200,266
12 Month Forecast: $975,000
Inventory Included: Yes
FF&E Included: No
Sales Structure: Asset Sale
Seller Financing: Yes
Minority Owned: Yes
Reason for Sale:The owner has another business opportunity with a family member.
Training:Own will train buyer for 30 hours for 4 weeks. Buyer must also attend corporate franchise training program.
OperationsYear Established: 2013
Form of Ownership: S Corp
Employees (full-time): 4
Employees (part-time): 1
Business Hours: 10 to 8 7 days
Business Description:This Asian restaurant freshly prepares home-style Chinese and Japanese food for their customers when they are ready to eat with reasonable prices in a warm inviting atmosphere. Using the highest quality ingredients, the food is prepared at the store level. There is also a dedicated sushi station in this 4,500 square feet restaurant. The franchise systems provide quick service and a great experience, generous quality portions at competitive prices.
Historical Summary:This franchise system does extensive market testing of both Japanese and Chinese foods. They have developed over 40 specially formulated entrees and their daily menu consists of 10 or more regular entrees. The franchise system has over 25 location nationwide with the majority located on US Government installations.
Owner Qualifications:Must be a proven restaurant operator, preferably experienced with Asian foods.
Competition:On Base there are 2 other franchise restaurants. A Subway and McDonald's. In order for Marine personnel to have Asian food they must go off base
Potential Growth:The plans are being implemented now to bring another large contingent of Marines that will be located on this base in the coming years.
LocationType of Location: Strip Center
Lease Expires: Apr 3, 2023
Option: 5 year
Monthly Rent: $7,000
Square Footage: 4500
Franchise Renewal Date: Apr 3, 2023
Royalty %: 3
Franchise Transfer Fee: $10,000
--Paid By: Buyer
Last Updated: Feb 6, 2019 / 11:11 AM
Financial Information Current as of: Jul 29, 2018 / 5:45 AM