Leading Asian Restaurant – Significant Price Reduction

Reno, Nevada

Ad ID: 1432428
Type: Established business
Category:
Category: Retail – Other Eating & Drinking Places

Financials
Asking: $599,000
Included in the Asking Price:
Inventory: $3,000

Gross: $1,160,001
Cash Flow: $301,425

Summary Description
This is a popular Asian restaurant in Reno. With over 10 years of success, they’ve become an integral part of the community and have built a loyal following. Their ideal setting draws a large lunch crowd from the many businesses in the area, and a large, higher-end dinner crowd from the neighborhood and beyond. The establishment is consistently packed and boasts an elegant dining room and bar, with space to accommodate banquets and parties. They have an easy-to-navigate website and receive excellent reviews on social media. Their talented chefs prepare authentic, quality cuisine, unique to various regions in Asia and loved by everyone. They enjoy a solid repeat business locally, as well as regularly cater to several Asian-based companies based in/traveling to Reno for business meetings. With the long-term, experienced staff in place, this restaurant is absolutely turnkey. They fill a niche in their vibrant location and enjoy very little competition. This is a unique opportunity to own an Asian restaurant that’s set up to take advantage of Northern Nevada’s unprecedented population growth. All prospective buyers will be required to fill out and sign a Non-Disclosure Statement and a Personal Financial Statement before receiving any further information about this Business. Financing via a Small Business Administration acquisition loan (SBA 7a Loan) for as little as 15% down of the acquisition price is possible.

General Information
Year Established: 2005
Employees: 12
Facilities: Ideally located. Seats 70+. Excellent visibility and lots of parking.

Market Outlook
Competition: It’s a popular Asian restaurant in a vibrant part of town and has been for the past decade. Excellent food, great customer service, and reasonable prices. Long-established relationships with food and beverage distributors. Solid base of business and residential customers. Solid repeat catering component for business meetings.

Growth and Expansion: A new owner could expand the business by advertising to the influx of businesses/residents to the area, expanding evening hours, and expanding the catering/delivery component of the business.

About the Sale
Financing: Seller will carry with an SBA Loan package
Support/Training: One week.
Reason Selling: Retirement











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