Houston Area Restaurant for Sale with over $1 Million in Sales!

Spring, TX
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Asking Price:$250,000
Gross Revenue:$1,008,808
Established Year:1989
Cash Flow:$113,272
Rent:$7,675/Month
BUSINESS DESCRIPTION

Houston Area Restaurant for Sale with over $1 Million in Sales!

This Texas Restaurant for Sale has a long-standing record of providing traditional Chinese food and excellent service to its patrons for over 25 years. The location is conveniently situated in a high traffic area surrounded by homes and other small businesses.
With over $100,000 in annual owner benefit and priced at just $250,000, this Chinese Restaurant for Sale will NOT be on the market long. Once you have acknowledged confidentiality on this list, there is a 360° video tour available for you.
The lobby and dining area of this Chinese Restaurant for Sale are both beautifully decorated in traditional Chinese decor with wood carved archways and there is a separate bar area to enjoy a cocktail before or after your meal. The dining area comfortably seats 75, while the bar area boasts additional seating both at the bar and additional tables. Contact We Sell Restaurants today to schedule your showing!
The kitchen offers multiple prep areas, walk in cooler, walk in freezer, dish area, wok stations, deep fryers, sandwich prep tables, a large storage room, and an additional room for the rice cookers. There are two back-of-the-house host areas offering beverage and flatware stations, and a beautiful host stand in the front of the restaurant. The wood carvings in the ceiling, the dark carpet and embroidered chairs are all reminders of the authenticity of the beautiful Restaurant for Sale.
We Sell Restaurants will be working directly with the landlord to secure a new long-term lease for the buyer of this Restaurant for Sale, ensuring that you will have many more years of providing food to your community after you take over this wonderful establishment. A credit score of above 680 will be required in order to be considered by the landlords.
This Restaurant for Sale will qualify for lending with 20% down. Your Broker with We Sell Restaurants can provide several lending contacts to assist you on the journey of restaurant ownership. Acknowledge confidentiality on this listing and let's get a showing scheduled for you!
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DETAILED INFORMATION
Location
Spring, TX
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
3,500
Lease Expiration
31/12/2025
Employees
12
Facilities
Tables Chairs Multiple traditional chinese wall decor Assorted flatware Assorted Barware Two Wine coolers Soda fountain with ice storage Tea urn Flatware caddies Bus station Toast POS Rice cookers Two Chest freezers Coffee Urn Multiple tier wire shelving racks Utility Carts Three compartment sink with drying rack Ice machine Stainless prep tables Can opener Upright freezer Walk in cooler Sheet pans and rolling rack Stainless prep area with over the top shelving Warming cabinet Low boy two door cooler Two deep fryers Microwave 4 burner stove with oven Two sandwich prep tables Large wok cooking station with pot filler 3 small wok cooking stations with pot fillers Steam table with top shelving Assorted dishes Assorted cooking utensils Assorted cookware Assorted prep containers Wine racks Two tap keg cooler Bar well Bar sink Host stand
Competition
This is a local favorite that has been here for over 26 years. The area is saturated with homes and businesses and the restaurant is located in a great space at a busy intersection.
Growth & Expansion
There is a huge opportunity for adding full catering to the business to increase revenue.
Support & Training
Yes
Reason for Selling
Health
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Tamara
Hamilton
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Tamara Hamilton