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Chinese Buffet Restaurant



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This is a free standing Chinese restaurant with seating for 85 customers located on a major street near Intercontinental Airport and Beltway 8 in Houston open 7 days per week from 11 AM to 9 PM.  They offer a buffet style line with a large variety of food items including soups, kimchi, shrimp boil, teriyaki pork ribs, broccoli & Mongolian beef, bourbon chicken, snow shrimp, & a variety of vegetables.  Approximately 80% of the business is takeout or delivery.  Seller is willing to train and provide seller financing.



Listed By: Jeffrey Jones

Background information

Reference:

82500

Year established:

12/21

Reason selling:

He wants to open a restaurant near his home in the Katy area.

Finance

Sales:

$1,160,000

Profits:

$153,480

Profit type:

Discretionary Earnings

Operations

Employees:

7 plus owner

Inventory:

3,000 Food & Beverage

Premises

Facility:

This is a free standing building with a large kitchen and dining room.

Square footage:

2953

Rent and lease terms:

Gross rent is $9,700 PM fpr 10 years plus a 5 year option to renew at the then market rate.

Location:

Near Intercontinental Airport & Beltway 8.

Opportunities

Growth:

Could add beer, wine & mixed drinks.

Market:

Greenspoint/Intercontinental area.

Price and terms

Price:

$250,000

Down payment:

$125,000

Financing:

$125,000 cash down & Seller Note for $125,000 for 5 years at 6% interest = $2,416.60 P/M.

Training:

As needed

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