Chinese Restaurant with Motivated Seller

Richardson, TX
Dallas County


Asking Price: Annual Revenue:
$129,000 $500,000

Food & Beverage: Restaurants, Fast Food, Deli


Request More Information
Contact the Seller

RE: Chinese Restaurant with Motivated Seller Broker: Brian Martin

Quick Facts

Asking Price: $129,000
Annual Revenue: $500,000
Net Profit: Not Disclosed
Cash Flow: $60,000
Total Debt: Not Disclosed
FF&E: $50,000
Real Estate: Not Disclosed
Year Established: 2016
Employees: 8
BBN Listing #: 595350077
Broker Reference #: 41041-612009

Email, Print & Share

Request More Information
Contact the Seller


Business Overview:

Last year this Chinese restaurant did $198k in owner profit, 2020 did $60k. They have recovered about 50% so far but the trend is good. The owner works full time. The pandemic effected business but it has survived and stayed profitable. Lots of square footage for social distancing and strong takeout sales have positioned the business to survive long term.

The pandemic hit this niche particularly hard but the opportunity is now here. Many competitors have shut down, not just in this niche but all over the metroplex and in every category. A necessary shakeout has completed and the remaining restaurants are poised to be stronger than ever. Many restaurants are now reporting record sales.

The price reflects the weariness of an older owner eager to stop working full time and take care of her ill husband. She has all but stopped advertising and needs to refocus on growing and reminding their enormous customer base that they are still here and ready to serve them their favorite dishes.

Large facility is well built out. Owner has invested over $300k into build out. Facility includes private room for rentals.

Area has heavy drive by traffic and enjoys many established restaurants though none enjoy the unique niche this business has carved out.

Great opportunity for new owner to pick up where current owner has left off.

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

Reason for Selling:

Retirement

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.

Relevant Links:

Request More Information
Contact the Seller



BusinessBroker.net is one of the largest business for sale marketplaces in the world that connects tens-of-thousands of business buyers and sellers every month. Sell a Business Online or if you’re a broker or a commercial agent sign up for a Business Broker Membership today!