AUSTIN, Texas
| Asking Price |
$120,000 |
Year Established |
1964 |
|
| Annual Revenue |
$448,011 |
Reason for Selling |
retirement |
|
| Annual P/L |
$0 |
Attention |
Arthur Kwok |
|
| Annual Cash Flow |
$40,341 |
Listing Number |
993793 |
|
| # of Employees |
7 |
Business Category |
Food & Beverage: Restaurants, Fast Food, Deli |
|
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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Property Features and Assets:
Market Competition and Expansion:
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