Listing Number: 76931-218060
Well-known and profitable Chinese restaurant for sale in Southwest Houston located in a major strip center on a major highway. The restaurant of 4,400 square feet is professionally designed to seat 210 patrons comfortably.
This full-service dining restaurant offers authentic Chinese Cuisine including fresh seafood and Dim Sum. The restaurant has been profitable since it first established in 2002. The revenue of whole year of 2021 was $1,219,739.27 with $156,241.22 of Seller’s Discretionary Earnings (SDE).
The restaurant manager (key employee) has been with the restaurant for more than 6 years. Stable business with a stable employee team and stable customer base.
Current owner has to sell the restaurant to focus on other business ventures. This rare sale is perfect for any buyer looking to acquire a top performing restaurant which has healthy financial and survive through the pandemics.
A previous owner used this restaurant to get his green card successfully years ago. The restaurant can be used for immigration purpose if the buyer has this kind of needs (please consult with your attorney for qualifications).
Note: This is an authentic Chinese restaurant. Over 80% of the customers are local Chinese, and most of the employees only speak Mandarin. Therefore, buyers who can speak Mandarin would be much easier to run the business.
- Price: $ 180,000
- Down Payment: $180,000
- Sellers Discretionary Earnings: $ 156,241
- Total Sales: $ 1,219,739
- Location: Harris County, Texas
- Inventory: $ 50,000
- FF&E: $ 60,000
- Employees: 13
- Year Established: 2002
- Reason for Selling: Other Business Venture
- Category: Restaurants