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 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.

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