Listing ID: 67541
This well-established 16-year-old Thai Restaurant is a great opportunity for any new owner interested in the food industry and wants a leg up by acquiring a well-regarded and profitable business.
A fully furnished restaurant with a seating capacity of 60 and a well-equipped commercial kitchen including a walk-in freezer, three refrigerators, a large workstation, and two stoves.
With this remarkable kitchen they offer a versatile menu of authentic and fresh gourmet foods with natural ingredients. Head chef is willing to stay on board with new owner to make transition smooth and easy.
Situated in a heavy residential area with over 6,000 homes, this restaurant is in a prime location within a shopping plaza right off a busy road visible for drivers and pedestrians.
- Asking Price: $125,000
- Cash Flow: $80,000
- Gross Revenue: $365,000
- EBITDA: N/A
- FF&E: $50,000
- Inventory: $5,000
- Inventory Included: N/A
- Established: 2005
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,000
- Lot Size:N/A
- Total Number of Employees:6
- Furniture, Fixtures and Equipment:N/A
The company was established in 2005, making the business 17 years old.
The sale won't include inventory valued at $5,000*, which ins't included in the asking price.
The business has 6 employees and resides in a building with approx. square footage of 2,000 sq ft.
The property is leased by the company for $1,960 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons individuals decide to sell operating businesses. However, the genuine reason and the one they tell you may be 2 totally different things. As an example, they might say "I have a lot of various responsibilities" or "I am retiring". For many sellers, these reasons stand. But, for some, these might simply be excuses to try to hide the reality of transforming demographics, increased competition, recent reduction in revenues, or a variety of various other reasons. This is why it is very vital that you not depend completely on a vendor's word, yet rather, use the seller's solution along with your overall due diligence. This will repaint an extra sensible picture of the business's current situation.
Existing Debts and Future Obligations
If the current company is in debt, which many businesses are, then you will certainly need to consider this when valuating/preparing your offer. Numerous operating businesses borrow money so as to cover items such as supplies, payroll, accounts payable, and so on. Remember that sometimes this can imply that profit margins are too thin. Numerous companies fall into a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may likewise be future commitments to think about. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with suppliers that must be fulfilled or may lead to charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the area bring in brand-new customers? Most times, businesses have repeat customers, which form the core of their daily earnings. Certain elements such as brand-new competitors sprouting up around the area, roadway building and construction, and employee turn over can influence repeat customers and adversely affect future incomes. One essential thing to take into consideration is the location of the business. Is it in a highly trafficked shopping center, or is it concealed from the main road? Undoubtedly, the more people that see the business often, the higher the possibility to develop a returning client base. A last thought is the general area demographics. Is the business placed in a largely populated city, or is it located on the edge of town? Just how might the local median family income influence future income potential?