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Authentic Chinese Restaurant Sba Loan Qualified For Sale

Harris County, Texas, US
Asking Price:
$425,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$1,492,130
Cash Flow:
$252,058

TRANSWORLD BUSINESS ADVISORS OF HOUSTON. LISTING REF #76931-854382

Under original ownership and location since it’s establishment in 1996, this well-known authentic Chinese restaurant has been serving customers in southwest Houston for the past 27 years. With a focus on Northern Chinese and Sichuan cuisine, the restaurant offers a diverse menu, accompanied by a fine-dining atmosphere and exceptional service.

Currently, the restaurant has 13 employees, including two owners who actively manage its daily operations. One owner serves as the restaurant manager, overseeing the business aspects, while the other serves as the head chef. While the restaurant manager is retiring, the head chef is willing to remain with the business, providing valuable continuity.

In 2022, the restaurant achieved a revenue of $1,492,130, with $252,058 in Seller’s Discretionary Earnings. However, due to the owners' impending retirement, they have made the decision to sell the business. This presents a rare opportunity for prospective buyers to acquire a reputable and long-established authentic Chinese restaurant in the thriving Chinatown area of Houston, Texas.

With its excellent reputation, extensive menu, inviting ambiance, and dedicated staff, this business has great potential for growth and continued success.

The business is pre-qualified for sba loan by several banks.

Property Information

Real Estate:

Lease

Lease Terms:

Monthly Rent: $8,586.00

Square Units (Foot, Meter): 3,200

Lease Expiration Date: January 30, 2025, 10:00:00 PM

Terms Options: Renewable.

Premises Details:

FF&E Overview: To be provided in CIM.

FF&E General Condition: In good working condition

Business Operation

Expansion Potential:

There is a lot of potential for the business to grow. Constantly paying attention to the needs of the clients and working hard to professionally fulfil them. Making a clever business strategy and using social media to advertise are additional benefits mainly to open new immigrants and young people market.

Competition / Market:

o 27+ years in business.
o Stable employee team. All the key personnel have been working together for over 20 years.
o Main Chef has been with our restaurant for over 25 years. He is willing to stay.
o Food quality is stable.
o Great Residential Location in Southwest Houston with Strong visibility.
o Trustworthy courteous, and well-trained employees.
o Private rooms which you may book for your parties, events, or banquets.

Reasons for selling:

Owners' retiring

Trading hours:

Sunday - Monday 11 AM – 9 PM

Employees:
13
Years established:
1996

Other Information

Support & training:

Number of Weeks Seller Will Offer Training: 2

Furniture / Fixtures value:
$100,000 - included in the asking price
Inventory / Stock value:
$5,000 - included in the asking price
Relocatable:
This business can be relocated.