Established and Profitable Chinese Restaurant NW Houston

Listing Number: 76931-139003

Description

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.


Listing Details

  • Price: $ 755,000
  • Down Payment: $755,000
  • Sellers Discretionary Earnings: $ 579,895
  • Total Sales: $ 1,681,429
  • Location: Harris County, Texas

  • Inventory: $ 10,000
  • FF&E: $ 200,000
  • Employees: 16
  • Year Established: 2020
  • Reason for Selling: Seller would like to focus on other business
  • Category: Restaurants
Established and Profitable Chinese Restaurant NW Houston

Business Listed By:

Austin Zhao, M&AMI, CM&AP, CBI & BCA
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