Thai restaurant for sales
| Asking Price: | $130,000 |
| Established Year: | 2015 |
| Gross Revenue: | $540,000 |
Restaurant name: Thai Siam cuisine
Address: 396 E Cedar Ave, Crestview, FL 32536
Seats: 50
Rent: $2,500
Average sales: $35,000-$45,000 per month
Lease: 3 years +5 years
Size: 2,000 sft.
Beer and wine License: Yes
Profits: $120-150k per year
Contract: bovy 407-443-1534
Line id: bovy_usa
Annual Overview
- Gross Sales - $540,000
- Rent - $30,000
- COGS - $162,000
- Payroll - $56,000
-other over heads $18,000
- Net Income - $274,000
Purchasing Thai Siam Cuisine in Crestview, FL, could be an attractive investment for several reasons:
1. **Established Customer Base**: Thai Siam Cuisine likely has a loyal customer base, given its established presence in the community. Buying an established restaurant means stepping into a business with existing customers, reducing the time needed to build brand recognition and customer loyalty.
2. **Growing Popularity of Thai Cuisine**: Thai food has gained popularity in the U.S. due to its unique flavors and healthy options. Owning a Thai restaurant allows you to capitalize on this growing trend.
3. **Strategic Location**: Crestview is a growing city, and the restaurant's location could benefit from increasing foot traffic and a stable local economy. The address on E Cedar Ave may be conveniently located near residential or commercial areas, making it a go-to spot for locals and visitors alike.
4. **Operational Efficiency**: By purchasing an established restaurant, you inherit a functioning kitchen, trained staff, and a set menu, which reduces the initial start-up hassles. This also means that the restaurant likely has established supplier relationships, streamlining your operational process.
5. **Potential for Growth**: There might be opportunities to expand the business by offering catering services, delivery, or even franchising the concept if it proves highly successful. Additionally, if the restaurant is not utilizing modern marketing techniques like social media or delivery apps, there's room for growth through digital marketing and online presence.
6. **Community Involvement**: Being part of a local restaurant allows you to engage with the community, whether through hosting events, participating in local festivals, or offering special promotions that appeal to the local demographic. This can strengthen the business's reputation and customer loyalty.
7. **Cultural Significance**: Thai cuisine often appeals to those interested in diverse and authentic culinary experiences. A restaurant like Thai Siam Cuisine can offer a unique dining experience in the area, potentially attracting both local customers and tourists.
These factors make Thai Siam Cuisine a potentially lucrative and rewarding business opportunity for the right buyer.
Thai Siam Cuisine's location at 396 E Cedar Ave in Crestview, FL, offers several key advantages:
1. **Central Location**: E Cedar Ave is situated near the heart of Crestview, making it easily accessible to residents and visitors. Its central location means it's likely close to other businesses, shopping areas, and community hubs, which can increase visibility and attract foot traffic.
2. **Residential Proximity**: Being near residential neighborhoods means the restaurant can cater to local families and regular diners. This proximity often leads to a loyal customer base, especially if the restaurant offers convenient options like takeout or delivery.
3. **Growing Community**: Crestview is one of the faster-growing cities in the Florida Panhandle, with an expanding population. This growth can bring more potential customers, contributing to the restaurant's steady business.
BUSINESS LOCATION
