Listed by LINK Business Advisors of Houston
$85,000
Profitable Chinese Restaurant In Kroger Shopping Center
Details
Property Type Business for Sale
Sub Type Business Only
Square Footage 3,100
Lease Expiration 12/31/2028
Year Built 2018
Business for Sale | 3,100 SqFt
Marketing description
Authentic and delicious tasting Chinese cuisine restaurant now available for purchase. Located in a busy Kroger shopping center in between Highway 6 and Sam Houston Tollway. Sales average approximately $50,000-55,000 monthly and are verifiable in point of sale and with online delivery companies. Huge kitchen has 24ft venthood, walkin freezer and walkin cooler. Seating up to 100.
Rent $8,777 includes NNN, water and trash. Long-term lease until 2029 with 5yr option to renew. Approximately 3,100 sf. 6 employees on staff plus owner. Manager in place. Be discreet as employees not aware business is for sale.....Contact broker to schedule showing today.
Investment highlights
- Location: Houston, TX
- Real Estate: Leased
- Building SF: 3,100
- Lease Expiration: 1/1/2029
- Furniture, Fixtures, & Equipment (FF&E): $75,000 Included in asking price
- Employees: 7
- Facilities: Brand new water heater, Two A/Cs 2 years old
- Growth & Expansion: Owner does no advertising
- Financing: Negotiable
- Support & Training: 2 weeks training included. Manager open to staying.
- Reason for Selling: Health reasons
- Cash Flow (SDE): $114,456
- Gross Revenue: $636,000
- EBITDA: $114,456
- Rent: $8,777 per Month
Listing Contacts
Listed by LINK Business Advisors of Houston
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Name
License
Brokerage
Title
Brokerage Address
Is there information that looks off?
