Listing Number: 41041-612009
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.
- Price: $129,000
- Down Payment: $30,000
- Sellers Discretionary Earnings: $60,000
- Total Sales: $500,000
- Location: Dallas County, Texas
- Inventory: $3,000
- FF&E: $50,000
- Employees: 8
- Year Established: 2016
- Reason for Selling: Retirement
- Category: Restaurants