Listing ID: 81414
Business Overview
Authentic Thai restaurant for sale on the western part of town. Heavy traffic count is at this location. Great yelp reviews for their menu choices. Seating capacity is around 40, and sushi can be a good idea to add to the menu. Please call listing agent or email for more details! Must have NDA signed and proof of funds required to release full information. For a quick response to your inquiry, please contact Jae Jung (RE# S.0180485; Business Broker Permit# BUSB.0006938) at 702-764-0245 or email jjung@fcbb.com
Financial
- Asking Price: $199,000
- Cash Flow: $138,539
- Gross Revenue: $393,610
- EBITDA: N/A
- FF&E: $50,000
- Inventory: $2,000
- Inventory Included: Yes
- Established: 2013
Detailed Information
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,642
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
This is a leased location of 1,642 square feet with a Total monthly rent of $4,921. Lease ends 01/2024 with One 5-year options. Seller is active with 3 FT and 2 PT employees. Hours of operation are 11am- 10pm, Monday to Sunday. $2,000 in inventory and $50,000 in FF&E included in the asking Price. $200,000 made in leasehold improvements.
2 weeks
Retirement
Additional Info
The company was founded in 2013, making the business 9 years old.
The sale shall include inventory valued at $2,000, which is included in the requested price.
The business has 3FT, 2PT employees and is located in a building with estimated square footage of 1,642 sq ft.
The real estate is leased by the company for $4,921 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons people resolve to sell businesses. However, the genuine factor and the one they tell you may be 2 entirely different things. As an example, they may say "I have way too many various commitments" or "I am retiring". For numerous 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 incomes, or a variety of various other reasons. This is why it is very crucial that you not rely entirely on a vendor's word, but instead, utilize the vendor's solution together with your general due diligence. This will paint a much more sensible picture of the business's current circumstance.
Existing Debts and Future Obligations
If the existing entity is in debt, which numerous companies are, then you will need to consider this when valuating/preparing your deal. Many companies take out loans with the purpose of covering points like stock, payroll, accounts payable, and so on. Remember that sometimes this can indicate that revenue margins are too tight. Many companies come under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may additionally be future obligations to think about. There may be an outstanding lease on equipment or the structure where the business resides. The business might have existing agreements with vendors that have to be met or may cause penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the location attract new clients? Many times, companies have repeat customers, which form the core of their daily revenues. Specific aspects such as brand-new competitors growing up around the location, roadway construction, and staff turnover can affect repeat customers as well as adversely influence future profits. One essential point to take into consideration is the location of the business. Is it in a highly trafficked shopping mall, or is it concealed from the highway? Certainly, the more individuals that see the business often, the better the opportunity to develop a returning consumer base. A final idea is the basic location demographics. Is the business located in a densely populated city, or is it situated on the outskirts of town? How might the regional typical household income influence future income prospects?
