Chinese Noodle Restaurant W/Loyal Customer Base
Not Disclosed, TX Bexar County
Seller's Contact Information
- RE: Chinese Noodle Restaurant W/Loyal Customer Base
- Contact: Walter And Marie Szuja
Quick Facts
| Asking Price: | $150,000 | |
| Annual Revenue: | $845,632 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $160,069 | |
| Total Debt: | Not Disclosed | |
| FF&E: | 100,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2014 | |
| Employees: | 7 | |
| BBN Listing #: | 137263590 | |
| Broker Reference #: | 071921-895190 |
Business Overview:
*PRICED LOW FOR QUICK SALE – MOTIVATED SELLER* Established delicious Chinese Noodle restaurant ready RIGHT NOW for you to take to the next level. Located along a high-traffic corridor within a busy strip mall. First original Chinese noodle restaurant in the city. Family run for over 8 years. Sales consistently growing - doubled space in 4 years - with great reviews. Revenues for 2021 are $575,300. Seller Discretionary Earnings for 2021 are estimated at $160,000. SALE PRICE IS <1% NET INCOME. The restaurant employs 5 full time employees and 2 part time employees. Currently seats 80 within 3,100 square feet area, also provides take-out and delivery pick up. This quick–service style restaurant developed an excellent strong neighborhood reputation. Abundant room to grow new customers with local marketing and minor upgrades. This is not a franchise, so buyer has plenty of flexibility. Owner is willing to train and share homemade noodle & dumpling recipes! CONTACT BROKER IMMEDIATELY – WILL SELL QUICKLY!
This restaurant has been open since 2014. It was the first Chinese noodle restaurant in the area/county. In year four they expanded into the unit next to original location increasing to over 3,000 square feet and are capable of seating 80 customers. Over the past three years, their annual sales have been increasing 10% -20%, even in 2020.
When they first opened, there were hardly any restaurants in the area. Now there is your typical competition as there are other restaurants near by. This noodle shop is unique since they can boast about their homemade noodles and dumplings. Several dishes are quite spicy meeting the expectations of various cultures in the neighborhood.
This restaurant has great potential for customer growth by simply putting a bit more emphasis on marketing and some minor upgrades. Whether you are expanding your existing restaurant portfolio or becoming your own boss for the first time, this could be a great start!
Two sections of strip mall for seating, kitchen in back of both.
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Reason for Selling:
Retirement
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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