Thriving Asian Fusion Restaurant with Liquor License
Salt Lake County, UT
| Asking Price: | $360,000 |
| Gross Revenue: | $981,481 |
| Rent: | $7,700/Month |
| Established Year: | 2020 |
| Cash Flow: | $263,380 |
| Inventory: | $15,000 |
| FF&E: | $600 |
Listing ID: 2297828Listing provided by BizBuySell
BUSINESS DESCRIPTION
This is not your typical low-margin restaurant. Since its inception it has shown a stable and thriving profitability. The casual sit-down restaurant serves fusion Asian food with some unique twist in the food and drink menu. They have been consistently rated as one of the best Asian fusion restaurant and won some accolades throughout the year. The ambience is a comfortable casual and with its location in the business district has been provided them a consistent lunch and dinner patrons
DETAILED INFORMATION
Location
Salt Lake County, UT
Inventory
Included in asking price
Real Estate
Leased
Building SF
3,200
Lease Expiration
31/08/2029
Employees
12
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Lease Terms Options: 5 year terms with 2 options to renew for 2x 5years.
Competition
The restaurant differentiates itself by the modern fusion flare in both of their food and drinks offerings. The menu is simple yet there are options for everyone and there is a good variety of alcoholic drinks that compliments the food menu. There is a lot of patio space that during warmer weather could be reserved for private occasions. Another rare advantage is a designated parking space for the restaurant in very close vicinity.
Growth & Expansion
A new owner should expand the menu by offering some additional fusion menu such as sushi and other Asian flare. A catering would also be a good option to diversify revenue streams.
Support & Training
Number of Weeks Seller Will Offer Training: 2
Reason for Selling
Retirement
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