Business Overview

Ginger Thai is a beautiful, long established, West Sonoma County restaurant located on the main thoroughfare in the Sebastopol downtown core. There is a fully equipped kitchen that includes a large Type-1 hood and walk-in refrigerator. The premise can accommodate most any concept and the Seller will provide necessary training and consulting to a qualified Buyer. Ginger Thai is ready for a Buyer to continue with the current concept or bring their own menu and start creating their dream restaurant. For more information and a private tour please contact Jeff Sacher, Santa Rosa Business & Commercial, DRE #01253061, @ 707-888-4972.

ADDITIONAL DETAILS:
• This spacious restaurant is approximately 2,500 square feet
• A new long-term lease to be negotiated with landlord, estimated to be approx.
$3,700 per month
• There is plenty of street parking and a large public lot located directly across the
street
• Ginger Thai was established in 2015
• Current hours of operation: Lunch & Dinner: Wednesday & Thursday, Dinner: Friday –
Sunday Closed Monday & Tuesday.
• Restaurant equipment includes 15’ Type 1 hood, walk-in refrigerator, two 6-burner
stove/oven units, char broiler, deep fryer, 3 compartment sink; 2 hand washing
sinks; ice machine and much more.

PRICE INCLUDES: Furniture, fixtures, equipment, ABC Type 41 On-Sale Beer & Wine License.

Disclaimer: The information provided here is compiled from information obtained by the Seller(s). The broker makes no representation as to its accuracy or reliability. Buyer(s) should rely upon their own verification & that of their financial &/or legal advisors with regard to this information.

Financial

  • Asking Price: $150,000
  • Cash Flow: N/A
  • Gross Revenue: N/A
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2015

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:N/A
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

Owner will provide adequate training and support for new owner.

Additional Info

The business was founded in 2015, making the business 7 years old.

The building is leased by the business for $0.00

Why is the Current Owner Selling The Business?

There are all sorts of reasons people decide to sell operating businesses. Nevertheless, the genuine reason vs the one they tell you might be 2 completely different things. For instance, they may say "I have way too many other commitments" or "I am retiring". For lots of sellers, these factors stand. But also, for some, these may simply be excuses to attempt to hide the reality of altering demographics, increased competition, current decrease in revenues, or an array of other factors. This is why it is very essential that you not rely totally on a vendor's word, however rather, make use of the seller's response in conjunction with your overall due diligence. This will repaint a more reasonable picture of the business's existing scenario.

Existing Debts and Future Obligations

If the existing entity is in debt, which many businesses are, then you will have reason to consider this when valuating/preparing your deal. Lots of businesses finance loans with the purpose of covering items like stock, payroll, accounts payable, etc. Bear in mind that sometimes this can imply that earnings margins are too small. Many organisations come under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may likewise be future obligations to take into consideration. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with vendors that have to be satisfied or may cause fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do businesses in the location bring in new consumers? Many times, businesses have repeat customers, which form the core of their everyday earnings. Specific elements such as new competitors growing up around the location, road building and construction, as well as personnel turnover can influence repeat customers and also adversely influence future incomes. One important point to consider is the placement of the business. Is it in a very trafficked shopping center, or is it hidden from the main road? Clearly, the more individuals that see the business regularly, the greater the chance to build a returning customer base. A last idea is the general location demographics. Is the business placed in a densely populated city, or is it situated on the outskirts of town? Exactly how might the local median household income effect future revenue prospects?