Renovated, 4+star profitable Southeast Asian restaurant UPTOWN Dallas

Buyers don't have to keep or extend the lease / could renegotiate their own lease. This is a BROKER's listing; please do NOT submit an inquiry for this business if you have NO intent to: 1) Complete & sign a Confidentiality agreement (a.k.a. Non-disclosure [NDA]) + be ready to submit a copy of your DL; 2) Respect SELLER'S business confidentiality by not disclosing Business info to third party or communicating with Employees and/or Customers; 3) Make advanced appointment/notify BROKER of your approach of SELLERs. 4) Other brokers/agents please identify and request a co-brokering agreement on your 1st contact of Listing BROKER. * Serious buyers only - must sign NDA & submit valid ID (no exceptions for this listing). Owner works full time at the business and has consistently been making $200K+ annually (Owner's salary is included). Her hands-on full-time management helps bring Cost of Goods Sold to the reasonable 25% of Net Sale. Taking advantage of the City of Dallas' Covid-19 shutdown mandate, Owner decides to spend approximately $50K in renovating the restaurant with modern floor, fresh coat of paint, and new furniture. Owner takes high pride in the business name (DBA), its history and reputation and therefore will teach all cooking recipes and will transfer DBA to new owner under the condition that their cooking recipes cannot be shared with others outside Buyer’s immediate family or be sold to others. Besides 2 weeks of free training, Owner also commits to work a minimum of 5 months for Buyer to train Buyer or any new hires if an agreeable payrate is met. Owner is selling the business to spend more time taking care of her husband, who has critical medical issues, and therefore will consider extending a seller-finance option of up to $100,000 to any serious buyer. Location: Dallas, Texas Year Established: 1995 Number of Employees: 17 Real Estate: Leased Building Sq. Ft.: 3,872 Rent: $5,960.00 Per Month Facilities: * Very cheap rent for a location in proximity to Uptown Dallas. The area will be zoned into part of Dallas Uptown. * Owned back to back by 2 generations of the same family at the same location in the past 24 years. Market Outlook/ Competition: 1) Rent is super affordable for its near Uptown Dallas location. 2) The restaurant is surrounded by new apartment complexes with young, middle class residents. 3) The neighborhood is under planning by City of Dallas to soon be zoned into part of Uptown Dallas. 4) No other restaurants of the same cuisine category in Dallas could compete with this business in terms of business history and food ratings. 5) This unique eatery gem of Dallas offers double concept: buffet and casual entrée dinner, which any competitor would rarely offer. Growth & Expansion: 1) New owner/Buyer of this business may add Happy Hours to the premise to attract younger crowds for lunch since the business is licensed with Mixed Beverage Permit by TABC. 2) Buyer of this business may also advertise to nearby businesses. Current Owner has been doing well relying only on word of mouth for business after all these years. 3) Buyer may also hire more to have the man power to accept more catering businesses. Current Owner is accepting only a manageable volume of catering business. 4) Redevelopment and rezoning of the neighborhood helped tremendously in reinvigorating the area and bringing more businesses to the premise.