Austin Zhao
Transworld Business Advisors of South & West Texas
License Number: 644169
Phone: Show Phone Number
Contact Broker
2901 Wilcrest Drive, Suite 510
Houston, Texas 77042
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Affiliated Broker
Transworld Business Advisors of South and West Texas
About the Company
For more than four decades, Transworld Business Advisors has been guiding entrepreneurs through one of the most important transitions of their lives — buying or selling a business. As a global leader in business brokerage, Transworld operates from more than 250 offices with over 1,000 professional advisors worldwide. With a track record of over 15,000 successful sales, our mission remains the same: connecting qualified buyers and sellers to create smooth, rewarding transactions built on trust and expertise.
Transworld Business Advisors of South & West Texas is one of the network’s most established and accomplished regions, with a dedicated team of 40+ experienced professionals serving business owners throughout South, West, Central, and North Texas. From Houston to San Antonio and beyond, our advisors combine deep local knowledge with world-class brokerage expertise—helping business owners achieve successful exits with confidence and results they can trust.
Broker Biography
Introduction
Austin Zhao is a Partner and Vice President of Transworld South & West Texas, New Mexico, and Wyoming. He is a highly accomplished Senior M&A Advisor with over 38 years of business experience and a strong background in international trade, business negotiations, and M&A transactions. Since joining Transworld Business Advisors in late 2015, he has specialized in business sales, mergers and acquisitions, and business valuation, consistently guiding business owners through complex transactions with clarity and confidence.
Professional Designations/Credentials:
• Certified Valuation Analyst (CVA)
• Business Certified Appraiser (BCA)
• M&A Master Intermediary (M&AMI)
• Certified M&A Professional (CM&AP)
• Certified Business Intermediary (CBI)
• Licensed Real Estate Agent in Texas
Austin’s expertise in business valuation and experience in business sales help his clients understand the value of their businesses and set the right pricing strategy for a successful sale process. There is no question why Austin’s approach yields excellent results and higher sale conversions compared to other brokers in the industry.
Recognition & Achievements
Austin has received multiple accolades for performance in the business brokerage industry:
• Gold Club Member, M&A SOURCE
• Platinum Chairman’s Circle, IBBA
• Diamond Club Member, Transworld Business Advisors (National)
• Top 5 Producer among 1,000+ Transworld business advisors worldwide in 2023
Leadership & Community Involvement
Beyond his transactional success, Austin is actively involved in serving the business community through various leadership roles:
• Board Member & Conference Committee Chair, International Business Brokers Association (IBBA)
• Former Chairman, Asian Chamber of Commerce (2016-2017)
• Founding Board Member, Asian Real Estate Association of America (AREAA) Houston Chapter (Retired 2019)
• Board Director, Paraffin Wax Committee, China Chamber of Commerce of Metals, Minerals & Chemicals Importers & Exporters (1995-1996)
Fluent in English, Chinese, and basic Japanese, Austin’s cross-cultural business expertise makes him a valuable advisor for both international and domestic business transactions.
Why Work with Austin Zhao & Transworld?
? Top Producer in Transworld’s global network – ranked among the Top 5 producers worldwide
? Expert Business Valuation – CVA & BCA-certified for accurate and defensible pricing strategies
? Trusted & Experienced – Holds M&AMI, CM&AP, and CBI designations in business sales and M&A
? Largest Buyer Network – 75,000+ local buyers and access to 600,000+ buyers within Transworld’s global network
? 38+ Years of Business Experience – Combined with cross-cultural knowledge and negotiation expertise
Services Provided
Business Sales, Mergers & Acquisitions, and Business Valuation.
Areas Served
Licensed In
- Texas — License number 644169
Business For Sale Listings
Cash Flow: $220,360
Harris Co., TX High-Revenue Japanese Restaurant – Significant Price Reduction Established Concept with Immediate Income
Up for sale is a revolving Japanese sushi bar. Established in April of 2009, this popular local favorite operates in a major shopping center in Northwest Houston. The restaurant is known for its unique and simple concept of being a self-serve sushi bar with varieties of dishes on a conveyor belt for you to choose and a robotic server to bring your special orders to your table. Customers can easily select and pick up dishes of their choice from the moving belt, or order special items not on the belt, which are delivered directly to the table by a robotic server. The restaurant has attracted many repeat customers from nearby offices and local residents.The professionally designed restaurant Less
Cash Flow: $405,546
Harris Co., TX
View Details Profitable Seafood Wholesale with Cold Storage Warehouse
This is a market-leading, vertically integrated seafood importer and wholesale distribution business based in Houston, Texas. The company has been profitable since its inception in 1999, with a consistent operating history. It is a major seafood distributor in the Houston metropolitan area, with an established market share and network. Its turnkey systems, comprehensive cold-chain infrastructure, and gold-standard industrial certifications set it apart from other distributors.The business specializes in sourcing, processing, and distributing premium seafood products, including sashimi-grade salmon, tuna, and specialty Japanese seafood, complemented by frozen goods, meats, dry items, and packaging supplies. Through its value-added processing capabilities, including in-house filleting and advanced skin-wrap packaging technology, the company increases margins, Less
Harris Co., TX
View Details Dry Cleaning Business with Real Estate in Prime Houston Location
This is a rare opportunity to acquire a well-established dry cleaning business with its underlying real estate, located in a highly desirable central Houston area.Founded in 2009, the business has operated continuously under the same name and at the same location for over 16 years. Through its long-standing presence and convenient location, the business has developed a consistent local customer base. The owner has invested approximately $600,000 in furniture, fixtures, and equipment (FF&E), along with an additional $200,000 in leasehold improvements. The facility is equipped with high-capacity, eco-friendly systems, including advanced hydrocarbon cleaning machines and modern pressing equipment. The front-of-house has been updated with a streamlined point-of-sale (POS) system and customer-focused design, supporting both operational efficiency and enhanced Less
Cash Flow: $47,077
Harris Co., TX
View Details Profitable Bakery in a Prime South Houston Location
This is an established, profitable full-service bakery specializing in custom cakes and a wide variety of baked goods. It is located in a high-traffic strip center in South Houston. Founded in 2017 and operated by the same ownership since inception, the bakery has built a strong local reputation for custom cakes, specialty desserts, and complete customer satisfaction.The business offers an extensive selection of baked goods, including custom cakes, mini cakes, pies, cheesecakes, cake balls, pudding, cobbler, chocolate candies, sundaes, and more. Catering services are also provided.The storefront has direct visibility from a major roadway and is located within a food-focused strip center surrounded by grocery anchors, major retailers, master-planned residential communities, and a central commercial district. The strip center benefits from strong daily traffic and recent exterior renovations.In 2025, the business generated Less
Cash Flow: $245,890
Montgomery Co., TX
View Details Two Asian Restaurants with Prime Real Estate - Motivated Seller!
A rare opportunity to acquire a high-performing portfolio of two Asian fast-casual restaurants in the Greater Houston area. This turnkey acquisition includes both the established business operations and the underlying prime real estate. Currently operating under absentee ownership, the businesses are supported by dedicated management teams and full staff, offering a seamless transition for a restaurant group or private investor.Katy Location (Flagship & High Yield): Opened in 2018 and located in a high-traffic, affluent retail corridor, the Katy flagship serves as a proven anchor for the brand.Performance: In 2024, the site generated $4,378,670 in revenue with an EBITDA of $712,083 and SDE of $815,523.Resilience: Despite a two-month temporary closure for permitting in 2025, the location maintained strong momentum, delivering $3,193,044 in revenue and Less
Cash Flow: $88,959
Galveston Co., TX
View Details Chinese Restaurant in Friendswood - Must go for Retiring!
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 Less
Cash Flow: $322,608
Harris Co., TX
View Details Profitable Orthopedic Practice with Growth Potential in Houston
This orthopedic practice is located in a busy medical complex in West Houston, Texas. Established in 2013, it has been steadily growing for over 12 years. The practice specializes in the diagnosis and treatment of orthopedic and hand conditions, with particular expertise in orthopedic and hand surgery.Over more than a decade, the practice has built a strong referral network and earned an excellent reputation. The consistent flow of patients ensures the practice’s long-term sustainability and viability. The owner (a sole physician) works 1.5 days a week in the clinic seeing patients and 1 day a week performing surgeries in Houston. He also practices 3 partial Fridays (9:00 am - 1:00 pm) a month in Dallas as locum tenens.Despite the owner-physician dedicating only limited time to the business, the practice has achieved strong financial performance. In 2024, Less
Richard Carruth brings over 30 years of experience in construction, engineering, and asset performance management, with a strong background in operational reliability and risk mitigation. He retired from ExxonMobil as a Manufacturing Advisor before founding two businesses: Carruth Insurance and Carruth Solutions, LLC. Carruth Insurance provided tailored insurance solutions for high-net-worth individuals through financial advisors, applying industrial risk strategies to protect personal assets. Carruth Solutions, LLC helped industrial clients implement Asset Performance Management tools, turnaround planning, and instrumentation lifecycle applications to improve safety, efficiency, and profitability. Richard’s consulting work involved assessing operational risks, analyzing data, and recommending cost-effective, strategic improvements. He has held a Texas General Lines Agent license in Property & Casualty, Life, Accident, Health, and HMO insurance, and completed the ExxonMobil Enterprise Leadership Program at UNC’s Kenan-Flagler Business School. As a business advisor, Richard helps small business owners increase value by improving operations, financial performance, and market positioning. His client-focused approach includes business assessments, value enhancement strategies, and transaction preparation to maximize exit value. Known for his attention to detail, work ethic, and relationship-building skills, Richard serves both buyers and sellers with transparency and fiduciary responsibility. He engages through local networking, earns trust with tailored solutions, and maintains strong client communication. A native Texan, Richard lives in Montgomery, Texas with his wife of 34 years, Sheri. They enjoy time with their four children, four grandchildren, and pets Astro and Gracie. His hobbies include travel, sailing, and playing guitar.
Aasif Iqbal brings more than twelve years of experience in corporate banking, debt capital markets, and project finance to Transworld Business Advisors. Throughout his career, he has led over one billion dollars in originations and structured complex financial transactions across a range of industries. Recognized for his analytical rigor and strategic approach to capital deployment, Aasif combines financial expertise with a collaborative mindset to deliver measurable results. His background includes advanced work in financial modeling, valuation, forecasting, and scenario analysis, all supported by a strong understanding of how financial decisions influence enterprise value. His negotiation philosophy focuses on achieving mutually beneficial outcomes that create value for buyers, sellers, and all stakeholders while maintaining transparency and trust throughout the process. Before joining Transworld, Aasif served as an Investment Portfolio Manager for the M.A. Wright Fund, where he managed a diversified U.S. equity portfolio and achieved returns that outperformed the Russell 2000 index through disciplined valuation and risk management strategies. Aasif earned his MBA in Finance from Rice Business, where he served as a Graduate Teaching Assistant and Co-Head of the Private Equity Club. He is fluent in English and Urdu/Hindi.
Mauricio Carrillo understands firsthand what it takes to build and operate a successful business. As the founder and CEO of Grupo Carrillo Inc., he has owned and managed multiple franchise locations since 2008, overseeing everything from site selection and staffing to marketing, financial performance, and long-term growth. His experience managing full P&L responsibility across several locations gives him a practical understanding of the challenges and decisions business owners face every day. Before becoming an entrepreneur, Mauricio spent nearly a decade with Cook Medical Inc., managing a $10 million sales territory across West Texas and New Mexico. In this role, he worked closely with physicians, hospital executives, and clinical teams, developing a reputation for his consultative approach, strategic thinking, and ability to manage complex business relationships. Earlier in his career, Mauricio built a strong foundation in sales and market development with Philip Morris USA, where he managed more than 140 retail accounts generating $12 million in annual revenue. His ability to grow market share in a competitive environment earned him recognition for performance and leadership. Today, Mauricio brings this combined experience in business ownership, sales strategy, and financial oversight to Transworld Business Advisors. He works closely with business owners to understand their goals, position their companies effectively in the market, and guide them through the process of selling their business with professionalism and confidence. Mauricio holds a Bachelor of Business Administration in Marketing from the University of Texas at El Paso.
Dylan Adams brings a diverse background in business operations, healthcare management, and financial strategy to Transworld Business Advisors. As the Founder and CEO of Impact Consulting Group, he has partnered with small businesses throughout the Houston market to enhance operational efficiency, strengthen financial performance, and drive sustainable growth. With more than a decade of leadership experience across healthcare operations, medical technology, and clinical services, Dylan offers a balanced perspective that combines strategic planning with hands-on execution. Before launching his consulting firm, he served as Manager of Finance and Strategic Analysis at Texas Children’s Hospital, leading a multidisciplinary team supporting perioperative operations. He directed the financial oversight of more than $30 million in annual implant and supply expenditures, implemented executive dashboards to improve surgical performance, and managed capital purchasing initiatives exceeding $20 million annually. Earlier in his career, Dylan held leadership roles with Synaptive Medical and Zimmer Biomet’s ROSA Robotics Division, where he managed clinical teams nationwide and drove initiatives to improve product utilization and service revenue. His work supported operating room efficiency and advanced clinical outcomes while building strong relationships with physicians and hospital administrators. Dylan began his professional journey as a Clinical Engineer with Cyberonics (LivaNova), assisting physicians and surgical teams with the implementation of neuromodulation technology for epilepsy and depression. He earned his MBA with concentrations in Healthcare, Strategy, and Marketing from Rice University, where he served as President of the Healthcare Association, and holds a Bachelor of Science in Biochemistry from The University of Texas at Austin. Recognized for his analytical mindset and results-oriented approach, Dylan is dedicated to helping business owners streamline operations, make data-informed decisions, and position their companies for long-term success. Outside of his professional work, he enjoys volunteering with WorkFaith, a Houston-based faith-driven nonprofit supporting job seekers, as well as making/ recording music and spending quality time with his family and friends.
Bo Hudson is a Senior Business Advisor with over 20 years of Executive Corporate Management experience. His career path has provided an extensive background with multinational corporations in both the private equity and public sector. While serving as CEO for building product manufacturers DECRA Roofing Systems and Royal Manufacturing he fostered business growth by creating value, making transformational business process changes, and providing exceptional leadership. As an “entrepreneurial” executive, he thrived on the daily involvement with business operations and sales while spearheading product development initiatives which included the granting of 6 different patents. His background provides complete insight into the daily workings of organizations both large and small. Business Brokerage provides Bo with an opportunity to continue being a successful team builder while delivering a win-win situation for all parties involved. He received a BS Degree in Psychology from Spring Hill College in Mobile, Alabama and an MBA from the University of Dallas. His spare time is usually spent with family and travel, but he is always up for the challenge of a woodworking project.
Katie Holditch is a seasoned multipreneur and franchise business owner with over 17 years of experience in small business and franchise operations. Katie has started, grown, and sold a successful house cleaning franchise with 45 employees, 750 customers, and $1.5 million in revenues. She is currently the owner of a successful salon franchise, a Franchise Advisory Council Member, a Franchise Marketing Council Member and was recently selected as a Multi-Unit Franchise Partner of The Year. With her small business and franchise experience, Katie is well-positioned to support sellers in the sale of their businesses and at communicating with buyers. Katie’s favorite part of her job is the people—meeting and working with sellers and buyers who want honesty, clear communication and full support through the selling and buying process. Katie is a native Texan and proud Texas A&M graduate (Class of 97) with two boys, who she will tell you are the best reflection of her character, Stephen (22) and Jackson (18). In her free time, she loves spending time with her friends and family, indoor cycling, and traveling anywhere there is sand.
Steve Merritt is a Senior Business Advisor in the Houston office with over 30 years of experience in Finance and Business Development in Corporate America. He has also owned his own business for over 15 years. His experience spans many industries including transportation, oilfield services, waste management, equipment rental, fast food, pharmaceutical, reverse/forward logistics and pool services. Steve is the former Director of Finance for a large publicly traded company where he managed the investment portfolio with a collective valuation in excess of $200M. Within that role, he was a board member and advisor to many of the portfolio companies, creating deals that promoted growth and innovation. His extensive experience as an owner/operator of a multi-unit nationally recognized fast food franchise brings a unique perspective that will help his clients achieve their business objectives. Steve’s exposure in building a business from the ground up brings a beneficial perspective to his clients. He is versed in finding solutions to challenges that were not otherwise visible to others. Steve is a Certified Public Accountant, Certified Business Intermediary and Licensed Texas Real Estate Agent with a BBA from the Rawls College of Business at Texas Tech University. Steve also holds a Certified M&A Professional certificate from Kennesaw State University.
Austin is a Senior Business Advisor with Transworld Business Advisors of Houston. He has an extensive business coaching and business development background with more than 10 years experience growing businesses. He is a Certified Executive Leadership and Business Coach. In Austin’s Prepare2Sell business coaching role, he helps business owners prepare their business for an eventual successful business sale at maximum value. He conducts monthly Prepare2Sell webinars, focused entirely on improving business marketability and value. His Prepare2Sell business development program is designed to improve the marketability and value of a business within 6-12 months. In conjunction with his webinars, he also coaches business owners on a one-on-one basis to provide personalized business coaching directed at specific business improvement needs. He produced a weekly TV segment “Better Business Results – with Coach Austin Tenette” sharing insights with the business community on how to improve organizational performance. As an entrepreneur-in-residence at Houston Community College, Austin co-created and co-delivers the HCC Mattress Mack School of Selling. He works annually with over 3,000 aspiring and existing business owners to start, grow, and optimize their enterprises. Austin holds an MBA from UCLA and serves on various boards throughout the greater Houston area.
Wayne Blease is an accomplished entrepreneur and business professional with over 30 years experience in the restaurant and real estate industries. Wayne has a proven track record as a restaurant owner having owned and managed multiple locations. Wayne has personally sold multiple of his own businesses bringing this unique perspective to the selling process. His background also includes investments in single-family and multifamily properties. Wayne earned his BBA in Finance and Entrepreneurship at the University of Houston’s Bauer School of Business. He also served as a volunteer for many nonprofit organizations, including the Houston Rotary Club, the Spring Klein Chamber of Commerce, Katy Business Network International, and Tri-County Business Associates. Wayne served as president of the Wolff Center for Entrepreneurship Alumni Association, as well as on the board of the University of Houston Bauer College of Business Alumni Association. In addition, Wayne served as an advisory board member for the Katy chapter of the National Hispanic Professional Organization. In his spare time, Wayne enjoys traveling, gardening and hiking.
Growing up in a Japanese culture, Caroline grew up thinking the Toyota lean manufacturing and entrepreneurial way. Her experience spans many different facets of business, including start-up, marketing, M&A, finance and operations management. Prior to Transworld, Caroline was a partner in a $150 million, mixed-use commercial real estate development in Dallas as well as the head of land sales, where she specialized in complex land entitlement and development projects. Caroline is a former chemical engineer who has built manufacturing plants $20MM-$150MM. Her favorite project is expanding the Ben & Jerry's Ice Cream line and getting access to unlimited ice cream. Caroline also worked in procurement where she negotiated $10MM contracts. During Covid, Caroline started up a consulting business where she successfully assisted 24 different companies in growing their businesses during the pandemic. She successfully launched and marketed each of these businesses' products online yielding increased revenues of double to quadruple pre-pandemic figures. Caroline is a Texas-licensed real estate agent with a specialty in helping senior citizens with farm and ranch land sales. As an entrepreneur and business development manager of multiple businesses, she understands the challenges that business owners face to build an organization that raises the bar for services offered to the small business community. Caroline has a passion for helping business owners achieve their financial goals with representation and how business owners can mitigate risk while optimizing their exit, so she is thrilled to have an opportunity to do this each and every day with Transworld.



