Seller's Contact Information
- RE: Authentic Chinese Restaurant, SBA Loan Qualified
- Contact: Austin Zhao
Quick Facts
| Asking Price: | $425,000 | |
| Annual Revenue: | $1,492,130 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $252,058 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $100,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1996 | |
| Employees: | 13 | |
| BBN Listing #: | 340444107 | |
| Broker Reference #: | 76931-854382 |
Business Overview:
TRANSWORLD BUSINESS ADVISORS OF HOUSTON. LISTING REF #76931-854382
Under original ownership and location since it’s establishment in 1996, this well-known authentic Chinese restaurant has been serving customers in southwest Houston for the past 27 years. With a focus on Northern Chinese and Sichuan cuisine, the restaurant offers a diverse menu, accompanied by a fine-dining atmosphere and exceptional service.
Currently, the restaurant has 13 employees, including two owners who actively manage its daily operations. One owner serves as the restaurant manager, overseeing the business aspects, while the other serves as the head chef. While the restaurant manager is retiring, the head chef is willing to remain with the business, providing valuable continuity.
In 2022, the restaurant achieved a revenue of $1,492,130, with $252,058 in Seller’s Discretionary Earnings. However, due to the owners' impending retirement, they have made the decision to sell the business. This presents a rare opportunity for prospective buyers to acquire a reputable and long-established authentic Chinese restaurant in the thriving Chinatown area of Houston, Texas.
With its excellent reputation, extensive menu, inviting ambiance, and dedicated staff, this business has great potential for growth and continued success.
The business is pre-qualified for SBA loan by several banks.
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Property Features and Assets:
Monthly Rent: $8,586.00
Square Units (Foot, Meter): 3,200
Lease Expiration Date: January 30, 2025, 10:00:00 PM
Terms Options: Renewable.
FF&E Overview: To be provided in CIM.
FF&E General Condition: In good working condition
Market Competition and Expansion:
Competition:
o 27+ years in business.
o Stable employee team. All the key personnel have been working together for over 20 years.
o Main Chef has been with our restaurant for over 25 years. He is willing to stay.
o Food quality is stable.
o Great Residential Location in Southwest Houston with Strong visibility.
o Trustworthy courteous, and well-trained employees.
o Private rooms which you may book for your parties, events, or banquets.
Expansion: There is a lot of potential for the business to grow. Constantly paying attention to the needs of the clients and working hard to professionally fulfil them. Making a clever business strategy and using social media to advertise are additional benefits mainly to open new immigrants and young people market.
Reason for Selling:
Owners' retiring.
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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