Listing ID: 81306
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Beautiful busy and profitable Thai Restaurant in Long Beach, CA. All equipment is new as of 2019 and this business is AMAZING and has a huge following! Incredibly great reviews on multiple websites too! If you’re looking for a classy and established, busy, profitable business that you can be proud of, this is it!
This is a restaurant that has been growing since opened in 2019. Even through Covid, the income grew!
If you want to provide delicious Thai cuisine such as Pad Thai, Pad See Ew, Fried Rice, Curry, and much more, this is the restaurant for you!
If you want to find out more information or have questions, please request more information and an NDA will be sent to you. After you fully complete the NDA, the Confidential Business Review will then be emailed to you.
- Asking Price: $195,000
- Cash Flow: $147,768
- Gross Revenue: $425,000
- EBITDA: $147,768
- FF&E: $32,550
- Inventory: $6,800
- Inventory Included: Yes
- Established: 2019
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,800
- Lot Size:N/A
- Total Number of Employees:5
- Furniture, Fixtures and Equipment:N/A
Beautiful restaurant with a warm welcoming entrance in a comfortable setting located in a busy strip mall with a large parking lot in a bustling area of Long Beach, CA. Lease amount of $4,474.01 includes CAM of $660.
Seller is moving out of area to be closer to family
There are multiple Thai restaurants in Long Beach, but this is only 1 of 2 that are closest to the water! And this one is better rated and much busier.
You can add more items to the menu, otherwise this business has been growing yearly.
The venture was started in 2019, making the business 3 years old.
The sale shall include inventory valued at $6,800, which is included in the suggested price.
The company has 5 employees and is situated in a building with estimated square footage of 1,800 sq ft.
The building is leased by the company for $4,474.01 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals decide to sell operating businesses. However, the true reason and the one they tell you might be 2 totally different things. As an example, they might claim "I have a lot of various obligations" or "I am retiring". For numerous sellers, these reasons stand. But also, for some, these may simply be reasons to attempt to conceal the reality of altering demographics, increased competition, current reduction in earnings, or a variety of other reasons. This is why it is really essential that you not rely entirely on a vendor's word, yet rather, utilize the vendor's solution together with your general due diligence. This will paint a much 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 offer. Many operating businesses finance loans in order to cover things such as supplies, payroll, accounts payable, so on and so forth. Remember that sometimes this can indicate that profit margins are too thin. Numerous organisations fall into a revolving door of taking loans as a way to pay back other loans. Along with debts, there may additionally 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 agreements with vendors that must be satisfied or may result in penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the area attract brand-new clients? Often times, businesses have repeat customers, which create the core of their day-to-day earnings. Certain factors such as brand-new competitors growing up around the area, road building and construction, as well as staff turn over can influence repeat clients as well as negatively impact future earnings. One essential thing to think about is the area of the business. Is it in a very trafficked shopping mall, or is it concealed from the highway? Clearly, the more individuals that see the business regularly, the greater the chance to develop a returning client base. A last idea is the basic location demographics. Is the business placed in a largely populated city, or is it located on the outside border of town? Exactly how might the local typical house income impact future earnings prospects?