Turnkey Seller-Absentee Vietnamese Restaurant
Beach area in Harrison county MS

 

Acquire this Vietnamese restaurant located in a standalone building in Harrison County, Mississippi. Seize the chance to own an easily manageable business with promising potential! Established in 2018, the seller initiated the venture with an investment of approximately $95K, ensuring the upkeep of all equipment. The store boasts 50 indoor seats.

This is an absentee-run business and the seller’s only operational duties are to make purchases for the store. Sales have remained consistent after the pandemic. To optimize success, an ideal buyer would commit to full time engagement. The store holds great promise for several reasons. Firstly, it is strategically situated in a bustling area surrounded by residents and is close to the beach to attract tourists. Secondly, a new owner can promote the restaurant through social media to bring more new customers, which the seller hasn’t done much of. Thirdly, the sales of takeout is less than 6%, so it won't be difficult to improve it. Moreover, there is little direct competition for this type of cuisine in the area.


 

Listing Number:

23279

Category:

Food - Restaurant

Location:

Beach area in Harrison county MS
$200,000

Financial Information:

Gross Revenue:

$537,505

Listed Price:

$200,000

Down Payment:

$100,000

Total Income:

$109,316

Year Established:

2018

Lease Information:

Square Feet:

2500

Total Rent:

$2,500

Lease Expiration:

N/A

Lease Options:

N/A

Asset Information:

Leasehold Improvements:

$15,000

Equipment / Fixtures:

$80,000

Inventory:

$10,000

Other Assets:

N/A

Additional Information:

Full-Time Employees:

5

Part-Time Employees:

1

Special Licence Required:

N/A

Contract Staff:

0

Training Period:

N/A

Reason for Selling:

To spend more time with family

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First Choice Business Brokers

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.

The information in this listing has been provided by the business seller or representative stated above. First Choice Business Broker has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.


Read First Choice Business Broker, Terms of Use before responding to any ad.

brokerPhoto
Jeffrey Ye
Office: | Cell: (248) 534-6808
License #: 6501428037
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Turnkey Seller-Absentee Vietnamese Restaurant
Beach area in Harrison county MS

Listing Number:

23279

Category:

Food - Restaurant

Location:

Beach area in Harrison county MS

Listed Price:

$200,000
brokerPhoto
Jeffrey Ye
Office: | Cell: (248) 534-6808
License #: 6501428037

 

Acquire this Vietnamese restaurant located in a standalone building in Harrison County, Mississippi. Seize the chance to own an easily manageable business with promising potential! Established in 2018, the seller initiated the venture with an investment of approximately $95K, ensuring the upkeep of all equipment. The store boasts 50 indoor seats.

This is an absentee-run business and the seller’s only operational duties are to make purchases for the store. Sales have remained consistent after the pandemic. To optimize success, an ideal buyer would commit to full time engagement. The store holds great promise for several reasons. Firstly, it is strategically situated in a bustling area surrounded by residents and is close to the beach to attract tourists. Secondly, a new owner can promote the restaurant through social media to bring more new customers, which the seller hasn’t done much of. Thirdly, the sales of takeout is less than 6%, so it won't be difficult to improve it. Moreover, there is little direct competition for this type of cuisine in the area.


 

Financial Information

Gross Revenue:

$537,505

Listed Price:

$200,000

Down Payment:

$100,000

Total Income:

$109,316

Year Established:

2018

Lease Information

Square Feet:

2500

Total Rent:

$2,500

Lease Expiration:

N/A

Lease Options:

N/A

Asset Information

Leasehold Improvements:

$15,000

Equipment / Fixtures:

$80,000

Inventory:

$10,000

Other Assets:

N/A

Additional Information

Full-Time Employees:

5

Part-Time Employees:

1

Special License Required:

N/A

Contract Staff:

0

Training Period:

N/A

Reason for Selling:

To spend more time with family

First Choice Business Brokers

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.

The information in this listing has been provided by the business seller or representative stated above. First Choice Business Broker has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.


Read First Choice Business Broker, Terms of Use before responding to any ad.

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