Modern Thai Restaurant

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Beautiful 18 years High-end Thai Restaurant

Business Description

Owner has pouring heart for this beautiful, Tasteful, delicious food place in the heart of City Santa Monica. Consistent busy and well known in the neighbor and Tourist. More than 18 years in the business and stay strong. 54 seats including front patio. French front windows look. approximately 1,900 Sq Ft. Huge storage room in the back with permitted. Business Dine-In, Pick up and Delivery. Sales are in the $1,400,000/Annual range. Opened only 26 days monthly (Weekend served only dinner) and closed on all major holidays. Beer and wine license included. Kitchen and restaurant has built from scratch in 1997. Have own online website delivery with 2 drivers and partner with Grub-hub. Most of employees have been working long period time. 3 blocks from Promenade and 6 blocks from the Ocean Blvd.Business operation only 8.50 hrs/day on M-F and 5 hours on weekend. Lots of potential and carry on establish and successful business. Good reasonable lease to 2020 with 5 years option and workable with nice landlord.
Please do not talk to employees. They are not aware of the sale. Financial records will be provided to buyer with proof of fund and committed.

About the Business

Year Established:
2000
Number of Employees:
18
Home Based:
Yes
Real Estate:
Leased
Building Sq. Ft.:
1,900
Lease Amount/Mo.:
$3.95
Facilities:
Fully Fixturized kitchen with walk-in cooler. Huge hood and many burners. All fixture in the kitchen are customized built in 1997. Easily lend itself to any cuisine in addition or stand by its own. Server station and serving prep area and managers office. Both restrooms were re-modern beautifully in 2016.
Market Outlook/
Competition:
There are only 2 Thai restaurant in 20 blocks. No competition. Add Japanese Sushi food will increase sales tremendously, extend Online ordered, Catering, accommodate Party and extend Beer Wine drink . Many Media Studios surrounding area. Both type of food can go along well.
Growth & Expansion:
Possibility add Japanese Sushi food or Breakfast to the place. Restaurant opened 11:30 am-3 pm and 5 pm-10 pm. The location is everything. Lots of high-tech head Q area, Google, Microsoft and Media Warner Center. Walk to Light Rail Tran Station to Downtown.
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About the Sale

Reason For Selling:
Retirement
Training/Support:
as needed

Listing Info

ID:
1429755
Ad Detail Views:
0
Asking Price:
$420,000

Gross Revenue:
$1,400,000
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
$15,000
not included in asking price

FF&E:
 Not Disclosed
included in asking price

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Business Listed by
Josephine Chung

 Show Phone Number

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