Popular Chinese Restaurant in Southwest Houston

TRANSWORLD BUSINESS ADVISORS OF HOUSTON. LISTING REF #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. Location: Houston, Texas Year Established: 2002 Number of Employees: 13 Real Estate: Leased Building Sq. Ft.: 4,400 Rent: $10,120.00 Per Month Lease Expiration: 7/30/2024 Facilities: Restaurant was first established in 2002 and has been successfully operating since inception. The current owner took over the business in June 2019 when the previous foreign owner failed to renew her E-2 visa. After acquiring the restaurant, the current owner revitalized the operations, improved both the quality and services, and expanded customer base through various marketing initiatives. Year 2021 is projected to be a good year with the recovery in sight and thus, making this a good opportunity for any buyer looking to acquire a top performing restaurant. Market Outlook/ Competition: *Turnkey operation for owner, minimal work requires (encouraging employees) *Well-known brand name in the communities, less competitors in the area. *Very good location in a high income communities, easy access from a major highway. *Stable team, experienced employees, low employee turnover. Most of the staff have worked for more than 4 years in the restaurant. The key employee, the restaurant manager has worked here for more than 6 years.? *??Stable customer base, most of them are Asian. *Reliable vendors which have worked with the restaurants for many years *All need is doing more marketing to gain more customers and make more profit. Has hug potential. Growth & Expansion: The restaurant has a very strong brand-name within the community and has been around for a long time. Customer base are huge and loyal. The new owner will need to maintain the brand-name by occasionally doing a short burst of advertisement to remind the community of its existence. One area that he/she can look into is to freshen up the menu periodically. Offering new items or seasonal items and marketing it over the various existing platform will allow this restaurant to compete with new establishments.