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Established And Profitable Chinese Restaurant In Harris County For Sale

Harris County, Texas, US
Asking Price:
$755,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$1,681,429
Cash Flow:
$579,895

TRANSWORLD BUSINESS ADVISORS OF HOUSTON. LISTING REF # 76931-139003

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 owner is selling to enjoy more freedom to spend time with family and travel after years of dedication to the restaurant industry.

SBA loans are pre-approved. Rare opportunity to acquire one of the top grossing restaurants in the area at a low price.

Property Information

Real Estate:

Lease

Lease Terms:

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

Business Operation

Expansion Potential:

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.

Reasons for selling:

The owner is selling to enjoy more freedom to spend time with family and travel after years of dedication to the restaurant industry.

Trading hours:

Sunday - Thursday 11:00-10:00pm Friday-Saturday 11:00am-10:30pm

Employees:
16
Years established:
2020

Other Information

Support & training:

Number of Weeks Seller Will Offer Training: 2

Furniture / Fixtures value:
$200,000 - included in the asking price
Inventory / Stock value:
$10,000 - included in the asking price