Established and Profitable Chinese Restaurant NW Houston
| Asking Price: | $755,000 |
| Gross Revenue: | $1,681,429 |
| Rent: | $13,500/Month |
| Established Year: | 2020 |
| Cash Flow: | $561,894 |
| Inventory: | $10,000 |
| FF&E: | $200,000 |
TRANSWORLD BUSINESS ADVISORS OF HOUSTON. LISTING REF # 76931-139003
For sale is a Chinese Restaurant. Local favorite since its opening in April 2020. Located in a major shopping center in Houston, this restaurant features a unique self-serve concept, offering a variety of dishes. The restaurant has successfully attracted a loyal customer base, drawing repeat visitors from nearby offices and the surrounding community.
The professionally designed restaurant of 3,945 square feet. The seller spent upwards of $600K on leasehold improvements, furniture, fixtures, and equipment when it was first built.
The restaurant has been profitable since it was established in 2020. Revenue for the year 2023 was $1,681,429, with an SDE of $579,894.86. Even though its revenue and profit have been impacted by the road construction in front of the restaurant, revenue for 2024 is projected to be $1,450,000, with an SDE of about $400,000.
The owner is selling to enjoy more freedom to spend time with family and travel after years of dedication to the restaurant industry.
SBA loans are pre-approved. Rare opportunity to acquire one of the top grossing restaurants in the area at a low price.
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