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  • RE:  Austin's Oldest Chinese Restaurant, Est. 1964
  • Contact:  Arthur Kwok

Quick Facts

Asking Price: $200,000
Annual Revenue: $448,011
Net Profit: Not Disclosed
Cash Flow: $40,341
Total Debt: Not Disclosed
FF&E: $12,000
Real Estate: Not Disclosed
Year Established: 1964
Employees: 7
BBN Listing #: 993793
Broker Reference #: 8455-168743

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Business Overview:

This Chinese restaurant has proudly served Austin since 1964, making it a cornerstone of the local culinary scene. The restaurant offers classic, Chinese-American cuisine in a vintage setting that evokes “old Austin” charm. Current ownership has been in place since 1998 and has steered the business through multiple decades and economic cycles, including a successful pivot during COVID.

Operations include lunch and dinner service six days a week, with takeout, delivery, and dine-in as primary revenue channels. While the owners are very involved in daily operations, systems are in place for a smooth transition to new ownership.

The business currently generates $450,000 in annual revenue with $30,000 in Seller's Discretionary Earnings. Lease terms include a 1-year agreement with a 5-year renewal option, offering flexibility and control. FF&E is valued at $12,000 and includes all kitchen equipment.

Seller Financing Available for a Well-Qualified Buyer.

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Contact the Seller:

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button (above Quick Facts) and when you are done searching and have made all your selections, simply click on the REQUEST FREE INFO button at the bottom of this page.

Reason for Selling:

retirement. Kindly ask the seller for more information.

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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