Authentic Chinese Restaurant in SW of Houston, SBA Loan Qualified

Listing Number: 76931-854382

Description

Under original ownership and location since it’s establishment in 1996, this well-known authentic Chinese restaurant has been serving customers in southwest Houston for the past 27 years. With a focus on Northern Chinese and Sichuan cuisine, the restaurant offers a diverse menu, accompanied by a fine-dining atmosphere and exceptional service.

Currently, the restaurant has 13 employees, including two owners who actively manage its daily operations. One owner serves as the restaurant manager, overseeing the business aspects, while the other serves as the head chef. While the restaurant manager is retiring, the head chef is willing to remain with the business, providing valuable continuity.

In 2022, the restaurant achieved a revenue of $1,492,130, with $252,058 in Seller’s Discretionary Earnings. However, due to the owners' impending retirement, they have made the decision to sell the business. This presents a rare opportunity for prospective buyers to acquire a reputable and long-established authentic Chinese restaurant in the thriving Chinatown area of Houston, Texas.

With its excellent reputation, extensive menu, inviting ambiance, and dedicated staff, this business has great potential for growth and continued success.

The business is pre-qualified for SBA loan by several banks.

Listing Details

• Price: $ 425,000
• Down Payment: $425,000
• Sellers Discretionary Earnings: $ 252,058
• Total Sales: $ 1,492,130
• Location: Harris County, Texas


• Inventory: $ 5,000
• FF&E: $ 100,000
• Employees: 13
• Year Established: 1996
• Reason for Selling: Owners' retiring
• Category: Restaurants