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BUSINESS FOR SALE - PROFILE #  42740015

30- year old Profitable Asian Restaurant
Spring, Texas

Asking Price: $60,000   Down Payment: $60,000  
Gross Revenue: $442,646   Adj. Cash Flow*: $55,158  
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Executive Summary
This profitable Asian-style restaurant has a successful 30-year history and a strong customer base.  In a strip center with a major anchor that brings in a high volume of traffic to the center.  With a fresh-made menu large number of seats for dine-in, but also has a strong Take-Out business.  Current onwers have a non-business related issue that requires them to sell giving a great opportunity for an on-going established business for the price of the equipment and finish-out.  The current lease runs out in May of 2020 and a new lease will need to be secured from the landlord, which can be negotiated prior to closing on the purchase of the business.

Acquisition Highlights

  • Training Information:  4 weeks
  • This business is not a franchise
Business Synopsis

Asset Information (estimated fair market value)

Established in: 1989 Inventory: $3,000
Furniture, Fixtures & Equipment: $45,540 Included
Lease/Rent: $5,304 Real Estate:
Building Sq Ft: 2578
    Total Assets Included in Sale: $75,540
 
* Adj. Cash Flow -  Recasting provides an economic view of the company and allows meaningful comparison with other investment opportunities.
Additional business details are available to Principals only. You will be required to document your ability to complete the proposed transaction.  Please use this link to request more INFORMATION which will be sent to the listing office.
DISCLAIMER: All information contained in this document has been provided by the subject company or its agent, and while believed to be correct has not been verified. Accordingly, we makes no representations or warranties as to the accuracy and truthfulness of such information. The recipient hereof acknowledges that we shall not be liable for any loss or injury suffered by said recipient in any way connected to the delivery by us of this document. At all times we are an agent for the seller and not for the buyer unless a specific agreement exists for us to act as the buyer's agent.

FOR MORE INFORMATION:

Contact:  Michael (Myke) Howard
Phone:  (713) 955-2188
Other:  (713) 904-3626
E-mail:  myke@vrhtown.com
VR Business Brokers-Houston TX
507 N. Sam Houston Pkwy E.
Suite 535
Houston, TX 77060
www.vrhtown.com
The above company and/or agent is a licensed real estate broker/and or a business broker.
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