Austin's Oldest Chinese Restaurant, Est. 1964 - Turnkey

Asking Price$120,000

Cash Flow
$40,341
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$448,011

InventoryNot Disclosed

FF&E$12,000
Included in asking price
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Austin's Oldest Chinese Restaurant, Est. 1964 - Turnkey


Asking Price$120,000

Cash Flow
$40,341
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$448,011

InventoryNot Disclosed

FF&E$12,000
Included in asking price

Seller Financing Available
Business Description
Systems in place for a smooth transition to new ownership!
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.

Inquire for more details and learn how you can buy a business for as little as 10% down on qualified SBA listings or how to use creative financing options to get a deal done! At Transworld Business Advisors, we are the most active business brokerage in the country - listing and selling the most businesses in the state. Get added to our buyer list today to receive notifications as businesses with your criteria hit the market!
About the Business
Years in Operation
61
Number of Employees
7
Currently Relocatable
Yes
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
4,100
Rent
Not Disclosed
About the Sale
Seller Motivation
retirement
Transition Support
8 weeks
Listing Info
ID
2383588
Listing Views
829

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Business Listed by: Arthur Kwok Transworld Business Advisors

Listing ID: 2383588 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.