Chinese Restaurant in Friendswood - Must go for Retiring!

Listing Number: 76931-401047

Description

Located at its original site since opening in 2014, this beloved Chinese restaurant has served the Friendswood neighborhoods for 11 years. A premier destination for favorite Chinese dishes, the restaurant offers both traditional and innovative options in a warm, inviting atmosphere complemented by attentive service. In 2024, the restaurant generated $536,864 in revenue with $88,959 in Seller’s Discretionary Earnings (SDE). Backed by an excellent reputation, a loyal customer base built over more than a decade, a prime location near new developments, a popular menu, and a dedicated team, this business offers strong potential for continued success and future growth. This is a family-owned business, acquired by the current owners in 2014. The restaurant currently employs seven staff members in addition to the owner, who will depart following the transition of ownership and completion of training for the new owner. After years of dedication to the restaurant, the current owner plans to retire by the end of 2025 and has reduced the selling price from $125,000 to $75,000. The price includes Furniture, Fixtures, Equipment (FF&E), Leasehold Improvements, and Inventory. This is a rare opportunity for prospective buyers to acquire a well-established and highly regarded Chinese restaurant in a convenient commercial and residential area with an easily accessible location.

Listing Details

• Price: $ 75,000
• Down Payment: $75,000
• Sellers Discretionary Earnings: $ 88,959
• Total Sales: $ 536,864
• Location: Galveston County, Texas


• Inventory: $ 5,000
• FF&E: $ 25,745
• Employees: 7
• Year Established: 2012
• Reason for Selling: Retiring
• Category: Restaurants