Business Overview

A popular turnkey Thai restaurant with excellent reviews located in a heavily populated desirable shopping center. Owner operated for over 12 years. This very busy Thai restaurant also has many delivery services that customers can choose from curbside to home delivery, catering, business meals & events, etc. With a fully operational kitchen with a grease trap, lots of seating and a dedicated clientele this is an amazing opportunity! The restaurant occupies a beautiful 2,000 sq ft facility. Seller is willing to stay on for 2 weeks to help with the transition. Their are 8 employees that work at the restaurant. Over $70K in FF&E. Seller financing available. Considered best Thai restaurant in the county 2020.

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Financial

  • Asking Price: $159,000
  • Cash Flow: $89,702
  • Gross Revenue: $429,597
  • EBITDA: N/A
  • FF&E: $70,557
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2013

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:8
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

2 weeks

Purpose For Selling:

moving

Additional Info

The company was established in 2013, making the business 9 years old.

Why is the Current Owner Selling The Business?

There are all types of reasons people resolve to sell companies. However, the real factor vs the one they say to you might be 2 entirely different things. As an example, they might claim "I have way too many other commitments" or "I am retiring". For many sellers, these factors are valid. But, for some, these may simply be justifications to attempt to conceal the reality of transforming demographics, increased competition, current reduction in revenues, or a range of various other reasons. This is why it is extremely essential that you not depend totally on a vendor's word, but instead, utilize the vendor's response along with your general due diligence. This will paint a more realistic picture of the business's present circumstance.

Existing Debts and Future Obligations

If the current business is in debt, which many companies are, then you will certainly have reason to consider this when valuating/preparing your deal. Numerous businesses borrow money with the purpose of covering things like inventory, payroll, accounts payable, etc. Keep in mind that occasionally this can indicate that profit margins are too tight. Lots of companies fall into a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may also be future commitments to consider. There may be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with suppliers that have to be satisfied or may lead to charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do businesses in the area bring in brand-new consumers? Often times, businesses have repeat customers, which form the core of their daily profits. Particular variables such as brand-new competition growing up around the area, roadway building, and personnel turn over can impact repeat customers and negatively influence future revenues. One important point to think about is the location of the business. Is it in a highly trafficked shopping mall, or is it hidden from the main road? Undoubtedly, the more individuals that see the business regularly, the greater the chance to develop a returning consumer base. A final idea is the general location demographics. Is the business located in a largely inhabited city, or is it located on the outskirts of town? Exactly how might the local average home earnings effect future earnings potential?