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
Number of Employees:
Building Sq. Ft.:
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.
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.
Asking Price: $420,000 Gross Revenue: $1,400,000Cash Flow: Not DisclosedEBITDA: Not DisclosedInventory: $15,000 not included in asking priceFF&E: Not Disclosed included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
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