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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 |
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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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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