Established And Profitable Chinese Restaurant
Not Disclosed, TX Harris County
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- RE: Established And Profitable Chinese Restaurant
- Contact: Austin Zhao
Quick Facts
| Asking Price: | $755,000 | |
| Annual Revenue: | $1,681,429 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $579,894 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $200,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2020 | |
| Employees: | 16 | |
| BBN Listing #: | 979518 | |
| Broker Reference #: | 76931-139003 |
Business Overview:
For sale is a Chinese Restaurant. Local favorite since its opening in April 2020. Located in a major shopping center in Houston, this restaurant features a unique self-serve concept, offering a variety of dishes. The restaurant has successfully attracted a loyal customer base, drawing repeat visitors from nearby offices and the surrounding community.
The professionally designed restaurant of 3,945 square feet. The seller spent upwards of $600K on leasehold improvements, furniture, fixtures, and equipment when it was first built.
The restaurant has been profitable since it was established in 2020. Revenue for the year 2023 was $1,681,429, with an SDE of $579,894.86. Even though its revenue and profit have been impacted by the road construction in front of the restaurant, revenue for 2024 is projected to be $1,450,000, with an SDE of about $400,000.
The seller is motivated to sell because he is changing his business focus to another business line.
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Property Features and Assets:
Monthly Rent: $13,500.00
Square Units (Foot, Meter): 3,945
Lease Expiration Date: September 29, 2030, 10:00:00 PM
Terms Options: 5 Years with 3% increase
Market Competition and Expansion:
Expansion:
Business will return to normal once the road construction is completed.
To maximize income potential, the business can implement various marketing strategies.
Proactive approaches such as direct mail campaigns, flyers, social media promotion, coupons, and daily specials can effectively attract and engage customers.
Reason for Selling:
Seller would like to focus on other businessAdditional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Relevant Links:
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