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Advanced Business Brokers

Popular Chinese Buffet Restaurant In Houston, Texas For Sale

Houston Area, Texas, US
Asking Price:
$275,000 Inventory / Stock included
Sales Revenue:
$1,140,000
Cash Flow:
$156,000

This is a free-standing Chinese restaurant with seating for 85 customers located on a major street near Intercontinental Airport and Beltway 8 in Houston open 7 days per week from 11 AM to 9 PM.

They offer a buffet-style line with a large variety of food items including soups, kimchi, shrimp boil, teriyaki pork ribs, broccoli & Mongolian beef, bourbon chicken, snow shrimp, & a variety of vegetables.

Approximately 80% of the business is takeout or delivery.

The seller is willing to train and provide seller financing.

Property Information

Real Estate:

Lease

Lease Terms:

10 year lease with 5 year option.

Leasehold Rent:

$116,400 per annum

Location:

Near Intercontinental Airport & Beltway 8

Premises Details:

Free standing building with large kitchen and dining room.

Size in square feet:
2,953

Business Operation

Expansion Potential:

Could add beer, wine & mixed drinks

Reasons for selling:

owner wants to open a restaurant near his home.

Trading hours:

11 AM to 9 PM 7 days per week.

Employees:
7
Years established:
2021

Other Information

Support & training:

As needed

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

$137,500 cash down & Seller Note for $137,500 for 5 years at 6% interest = $2,658.26 P/M.

Furniture / Fixtures value:
$125,000
Inventory / Stock value:
$3,000 - included in the asking price
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