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
Business Listed By:
- Austin Zhao, M&AMI, CM&AP, CBI & BCA
- Phone: (281) 630-6666
- Email: [email protected]
