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Iconic Asian Restaurant For Sale

Dallas, TX (Collin County)

Seller Financing Available
Upscale Asian
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Asking Price: $199,000

Cash Flow: $60,000

Gross Revenue: $1,300,000

EBITDA: N/A

FF&E: $200,000

Inventory: $25,000

Rent: $14,000 /Month

Established: 1998

Iconic Asian Restaurant For Sale

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Business Description

For Sale or Investment opportunity

Iconic Restaurant looking to sell or partner. Active current operation, Willing to re-concept with a strong operating partner. Lease is at fair market value with an additional 5 year option. Esteemed Dallas sushi restaurant and lounge. Featuring an unmatchable sushi selection, along with unique IndoChine, Vietnamese, Chinese, Japanese, and Korean cuisine. Also offers full service catering.
The owner is willing to entertain creative ways to sell or partner in the current operation or fully change the concept.

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Detailed Information

Location:
Dallas, TX
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
3,700
Lease Expiration:
6/17/2027
Employees:
20
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Beautiful modern Asian restaurant and private wine room with full liquor license. Located on a corner. Connected to large office complex in the heart of a high end neighborhood.
Competition:
Dallas has many sushi restaurants but none that have sustained this long. Local office and residential base is strong. This neighborhood has more walking traffic than before and continues to grow with a younger professional crowd.
Growth & Expansion:
This location would garner a lot of local publicity for the new owners. This could be a great kick off for new owners to bring fresh life into this company.
Financing:
above info are estimates and are subject to change
Support & Training:
owner and management team willing to stay on full time or transition.
Reason for Selling:
Owner would like to retire from the industry
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Contact the Seller

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Business Listed By:
Jeffrey Yarbrough

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