Listing Number: 8455-168743
Description
This Chinese restaurant has proudly served Austin since 1964, making it a cornerstone of the local culinary scene. The restaurant offers classic, Chinese-American cuisine in a vintage setting that evokes “old Austin” charm. Current ownership has been in place since 1998 and has steered the business through multiple decades and economic cycles, including a successful pivot during COVID.
Operations include lunch and dinner service six days a week, with takeout, delivery, and dine-in as primary revenue channels. While the owners are very involved in daily operations, systems are in place for a smooth transition to new ownership.
The business currently generates $450,000 in annual revenue with $30,000 in Seller's Discretionary Earnings. Lease terms include a 1-year agreement with a 5-year renewal option, offering flexibility and control. FF&E is valued at $12,000 and includes all kitchen equipment.
Seller Financing Available for a Well-Qualified Buyer.
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Listing Details
- Price: $ 200,000
- Down Payment: $180,000
- Sellers Discretionary Earnings: $ 40,341
- Total Sales: $ 448,011
- Location: Austin, Travis County, Texas
- Inventory: $ 0
- FF&E: $ 12,000
- Employees: 7
- Year Established: 1964
- Reason for Selling: Retirement
- Category: Restaurants
