Chinese Restaurant in Outstanding Katy, TX

Not Disclosed, TX
Fort Bend County

Asking Price: Annual Revenue:
$70,000 $415,000

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Chinese Restaurant in Outstanding Katy, TX Broker: Louis Sabbagh

Quick Facts

Asking Price: $70,000
Annual Revenue: $415,000
Net Profit: Not Disclosed
Cash Flow: $69,000
Total Debt: Not Disclosed
FF&E: $45,000
Real Estate: Not Disclosed
Year Established: 2005
Employees: 7
BBN Listing #: 512544107
Broker Reference #: 76931-558805

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Business Overview:

Quick Sale Offer: Chinese Restaurant in Outstanding Katy Location

Not only drastic price reduction for quick sale but also more that half of the price of the restaurant is offered as seller finance at an interest rate below SBA rate.
This is a popular family-oriented Chinese restaurant located near several upper to middle-class residential neighborhoods in Katy. The restaurant is on a major road and sits in a shopping complex with several anchor stores. This restaurant has been attracting steady business since 2005.
The seller is offering $40,000 of seller finance at 6% interest rate and for 45 months, making the monthly payment to own this well established business less than a $1,000 per months.
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Reason for Selling:

Other business interests.

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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