profitable Thai restaurant
Asking Price: | $400,000 |
Established Year: | 2006 |
This Thai Restaurant upon entering makes you feel like you have entered into a different country with it's authentic decor and ambiance. Locate right off the 101 freeway for easy access.
The Chefs who has been with the restaurant for the 18 years it has been in business demands only the freshest of ingredients that makes this food to die for. From the delicious Curries, Satay appetizers and various stir fried specialties there is something for everyone's tastes.
They have a Beer and Wine license with a very extensive wine list and wide variety of beer to choose from.
There is a Patio that can seat 34 for those wanting to enjoy the outdoors as they dine. The dining room has a,capacity of 112. New apartments with approx 300 units just across the street currently under construction. The location has a good mix of residential and commercial areas.
This would be a great Family Business opportunity as the Main Owner is ready to retire after many years in the restaurant business, there are 3 partners that have been working full time and 2 of the partners would consider remaining on as employee staff members if buyer would request.
The business has 18 years of business and being profitable over these years, even during Covid yet as valuation shows profits dipped because of almost every cost from proteins, to veggies and other goods increased owner held the prices hoping it was a temporary adjustment and would return. In calculating the loss in this the restaurants costs rose approximately $120,000 but as these prices became the new norm he adjusted prices and was back on track in 2023 and the profits show it, with an adjusted earnings of almost $275,000.
SBA Financing may be avaliable to a qualified Buyer.
Please sign the NDA below if you have any interest in the business opportunity. Once you get the name, address and pictures REMEMBER to keep you visit confidential upon visiting the restaurant.
Once a Buyer gets a pre-qualified the business valuation will be shared as well as other documents you may want to see.
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