Business Overview

This Cafe can be converted to any concept, being sold without the name and recipes. This Thai cafe opened in 2014 with a full kitchen and beer and wine and primarily take out. In 2019, they acquired the location next door and after a year of construction ( due to long permit time from Berkeley) opened a connected dining room with handicap bathroom. This is a very desirable neighborhood location with front facing street parking. Good lease:
Rent: $4,868 including NNN
Size approximately 2,100 SF.
The dining room is connected to the kitchen and could be converted to a separate different concept because it has its own separate entrance. Breakfast/ Lunch is very popular in this neighborhood (or any other food could be done here).

Financial

  • Asking Price: $140,000
  • Cash Flow: N/A
  • Gross Revenue: N/A
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2014

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:3
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Full kitchen with order window for strong take out business + newer dining room and handicap bathroom with separate entrance connected to the main kitchen. Some outside seating

Purpose For Selling:

retiring from the restaurant business

Pros and Cons:

This is located in the popular Lorin neighborhood of Berkeley with limited competition. A dining room with separate entrance and access to the kitchen could be set up as a separate restaurant with a different name and keep the Thai restaurant primarily take out. Convert to any concept.

Opportunities and Growth:

Keep as Thai restaurant or convert to another concept.

Additional Info

The venture was established in 2014, making the business 8 years old.

Why is the Current Owner Selling The Business?

There are all sorts of reasons individuals choose to sell companies. Nevertheless, the true reason vs the one they tell you may be 2 totally different things. As an example, they might say "I have way too many various obligations" or "I am retiring". For numerous sellers, these reasons are valid. However, for some, these may just be excuses to try to hide the reality of changing demographics, increased competitors, current reduction in revenues, or a variety of various other factors. This is why it is really vital that you not rely entirely on a vendor's word, however instead, utilize the vendor's response along with your overall due diligence. This will paint a much more realistic image of the business's present circumstance.

Existing Debts and Future Obligations

If the existing entity is in debt, which numerous businesses are, then you will need to consider this when valuating/preparing your offer. Lots of companies take out loans with the purpose of covering things like stock, payroll, accounts payable, etc. Remember that sometimes this can indicate that earnings margins are too tight. Numerous companies come under 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 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 satisfied or might result in penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do companies in the area bring in brand-new clients? Most times, companies have repeat clients, which create the core of their day-to-day revenues. Particular aspects such as new competitors growing up around the location, road building, and also employee turn over can influence repeat consumers and negatively influence future profits. One vital thing to take into consideration is the area of the business. Is it in a highly trafficked shopping center, or is it concealed from the highway? Undoubtedly, the more people that see the business often, the better the opportunity to build a returning customer base. A final thought is the general area demographics. Is the business located in a densely inhabited city, or is it located on the outskirts of town? Just how might the local median family earnings impact future revenue prospects?