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Vietnamese Restaurant in Northern Virginia

Fairfax, VA
Asking Price:$750,000
Gross Revenue:$1,080,000
FF&E:$450,000
Cash Flow:$300,000
Rent:$9,000/Month
Established Year:2015
Listing ID: 2149488Listing provided by BizBuySell
BUSINESS DESCRIPTION

For Sale: Turnkey Local Favorite Restaurant - A Gem Since 2015

Nestled in the heart of Fairfax, Virginia, this stunning Vietnamese restaurant has captivated locals since its establishment in 2015. Boasting a beautifully curated interior decor, this establishment offers a unique and inviting ambiance that keeps patrons coming back for more.

Key Features:

- Local Favorite: Cherished by the community, our restaurant boasts exceptional service and delectable high-end Vietnamese and Asian fusion cuisine.
- Full Bar: Enhance the dining experience with our full bar stocked with premium spirits, wines, and craft cocktails, backed by a liquor license for versatility.
- Prime Location: Located in bustling Fairfax, we benefit from high foot traffic and visibility, ensuring success and popularity with George Mason University right near by!
- Turnkey Operation: Fully equipped and operational, our restaurant is an excellent opportunity for aspiring restaurateurs or seasoned professionals.

Opportunities for Growth:

- Catering and Events: Tap into the demand for catering services and private events with tailored packages.
- Marketing: Enhance brand visibility through strategic marketing initiatives and local partnerships.
- Bar and Menu Expansion: Keep the menu dynamic with new dishes and seasonal specials, leveraging the full bar and liquor license.

Don't miss the chance to own this thriving restaurant! Contact us today for more information and to schedule a private viewing.

DETAILED INFORMATION
Location
Fairfax, VA
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
3,000
Lease Expiration
30/11/2030
Employees
5
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The restaurant features a beautifully curated interior decor, creating an inviting ambiance that has made it a local favorite since 2015. Assets include a fully equipped kitchen, a full bar stocked with premium spirits, wines, and craft cocktails, walk-in freezer and fridge, seating for 75 guests, two bathrooms, and a gated outdoor patio that is fully furnished with a valid permit. The liquor license adds versatility and profitability to the establishment.
Competition
Located in a bustling area of Fairfax, right next to George Mason University, the restaurant benefits from high traffic and visibility. It faces a few competition from neighboring restaurants but stands out due to its exceptional cuisine, inviting ambiance, and long-term loyal customer base. Proximity to a popular sport bar and high-end American restaurant next door presents an opportunity for spill over traffic.
Growth & Expansion
Pros: - Opportunities for growth include catering services, events, and menu/ bar expansion. - The strategic location and loyal customer base provide a solid foundation for expansion. - The full bar and liquor license offer potential for increased revenue, especially with the neighboring bar. Cons: - Expansion efforts require additional investment in marketing, staffing, and infrastructure. - Managing increased demand for catering and events may require additional resources and logistical planning.
Support & Training
We will provide comprehensive training and support during the transition period to ensure a smooth handover. Staff members are experienced and well-trained, contributing to the restaurant's success.
Reason for Selling
Retirement
BUSINESS LOCATION
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Mimi Phan
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Mimi Phan
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