37551-Full Service Chinese Food Restaurant

TX

Seller Financing Available
37551-Full Service Chinese Food Restaurant
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Asking Price: $324,000

Cash Flow: $200,000

Gross Revenue: $543,000

EBITDA: N/A

FF&E: $104,000

Inventory: $5,000

Established: 1982

37551-Full Service Chinese Food Restaurant

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Business Description

37% profit margins and based off an independent valuation! The company is a full-service restaurant specializing in Chinese entrees, side dishes and combination plates. The primary menu items include combination plates, stir fry plates and also fried rice plates. The company operates from a leased 4,200-square foot facility in the greater Midland-Odessa Area of West Texas. The facility includes two dining areas able to seat over 100 guests, a private dining area for 40, commercial grade kitchen, walk in coolers and office space. This is a family run business. If the new owner doesn’t have their own team, the current owners could stay on up to six months to help transition and operate. The company has a proven track record supported by 36 years of ongoing business. With its broad range of menu items, the marketing efforts focus on targeting individual customers within Midland Texas. Revenues have increased 32% over the past four years due to an increase of individual customers and local economy growth. Last year, the total revenue was $543,791 with Seller’s Discretionary Earnings of $200,000 rounded. With a large customer base and solid reputation, the company continues to attract new customers while maintaining its reputation with existing ones.

Detailed Information

Inventory:
Included in asking price
Employees:
1
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Financing:
Negotiable for the right buyers
Reason for Selling:
Approaching retirement
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IAG Buyer Division

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IAG

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