Money Maker - Popular Thai Restaurant
Location California,United States
Asking Price Range < $250K
Gross Revenues $382280
Net Profit / Cash Flow $171486
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1996
Number of Employees 6 - 9
Inventory 75000
Relocatable No
Number of Employees 6 - 9
Real Estate Leased
Training Seller will train
Reason for Sale Retirement & Ill partner
Description This Thai restaurant is easy to operate and profitable. You don't need to be Thai to run this successful 3,000 sq ft restaurant! Fantastic location with heavy foot traffic in a busheling downtown shopping area. This restaurant has a large local following and the menu reflects the taste and price point of the community. Near Vernon/Bell/Los Angeles.
The restaurants has customers all day long. City Hall is around the corner. There is a large business lunch crowd and after 3 pm and on weekends it is full of locals and shoppers.
Buyer says sales are up for the first for months this year. ''Line to get in on the weekends.''
Incredible opportunities:
*Rent is only $3,755 and includes gas & water!
*A 41 ABC license is being packaged will be submitted shortly ($30K in new upgrades to comply with the ABC licensing requirements).
*New booths are being installed
*There is a new 12'' hood
*Free parking in the back
*Extend the hours - the business is there! (currently closes at 7:30 pm -often earlier)
*Open on Mondays for extra business (currently closed on Mondays)
*Market & Advertise! - The sellers don't do any marketing or advertising
*Increase delivery and catering services
*88 seats indoors and opportunity to get a permit for additional outdoor dining.
*Kitchen is full of all permitted equipment and refrigeration needed to continue running a successful Thai restaurant
The sellers are extremely eager to retire, but will be happy train and mentor the right buyer.
All offers will be presented!
PROOF OF FUNDS REQUIRED WITH ALL OFFERS!
Interested parties please contact Shelli Margolin-Mayer at 310 882-2200 ext 128.
Click Here To Contact Seller
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