Priced To Sell ~ Thai Restaurant For Sale
| Asking Price: | $65,000 |
| Established Year: | 2011 |
Priced reduced to $65k!
Motivated Seller
ASSET SALE
Located just outside SACRAMENTO
Well established, charming and authentic Thai restaurant for sale. In business since 2011. Located on a busy street with excellent visibility, both locals and tourists come here to enjoy delicious Thai cuisine. Easy to manage and operate, few employees required, this ±1400 sq ft restaurant would be perfect for a 'husband / wife' team to operate plus maybe one or two employees. Current owner has owned it for almost five years and is now ready to retire. There is a small patio in front that seats about 10. New five-year lease to Buyer. Turn-key operation ~ Buyer can step in and start operating right away as a new owner. Beer/wine license included. Priced to sell!
Conversion to something else is possible like a gourmet coffee shop or boba tea, especially with the little patio area in front.
Cannot do Indian food. Listing ref# 1111-S
Won’t last! Hurry. Complete NDA, find out more.
Asking Price now only $65,000
Includes:
• all FF&E to operate the restaurant as per the FFE list;
• ABC License: type 41 (beer/wine) included in Asking Price;
• Inventory at cost up to $1000 (on hand at COE);
• Size: ± 1400 SF (per landlord)
• Occupancy: Inside about 36~40
Outside: ±10
New Lease: 5 years + 5-year option to extend
Type: NNN Lease
Rent:
.................Monthly
Year.............Rent
1...............$2200 + NNN
2...............$2300 + NNN
3...............$2400 + NNN
4...............$2500 + NNN
5...............$2500 + NNN
Current Additional Rent (NNN) as of June 2024:
PropTax & Insurance $308 / month
+ Sewer $173.33 / month
+ Water $60~$100 / month (note: May water was about $58), depends on usage;
These are the first-year amounts; annual increase adjustments will occur based on actuals;
Trash: runs about $200 a month Tenant is responsible and pays direct to trash company;
Security Deposit: $2200
Grease Trap is above ground.
Small but adequate size type 1 hood
It is possible to change the concept should someone want to. Landlord approval would be required. Pizza or a coffee shop could do well there (it has a small patio area in front).
NDA will be required from all prospective Buyers.
