Real Hi-Income Thai Cusine: Sales $864K, Net $216K, SBA OK, at $340K

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Hi-Income Thai Diner: Rev $864K, Net income $216K or more, SBA OK, at $340K, G/G
Asking Price:
$340,000

Gross Revenue:
$8,640,000
Cash Flow:
$216,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$8,000
not included in asking price

FF&E:
 Not Disclosed
included in asking price

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Business Description

(1) The really high-income Thai Cusine Family Restaurant offering health-gourmet Thai dishes onviently located in and surrounded by hubs of medical clinics, offices, retail stores, hospital buildings and residential homes.
(2) They open only 6 days a week and every Tuesday is closed. The restaurant propellls a steady sales and income for many years. It's an income proven eating facility.
(3) One of the hot spotspots where most office workers and nearby employees can easily fix lunch at an affordable price, and in the evening, the royal customers enjoy dining out for a family dinners.rtions.Large.
(4) Comfortable dining rooms and lg. patio are available for lunch breakers. It is also one of the very popular Asian healthy food eating facilities for the neighbors who enjoy dining every evening and weekend.
Here is a quick summary of the actual operation and financial information:
• Gross turnover is $72,000/m, including approx. $10,000 online catering
• Net income averages over $18,000 /m
• Cost of goods averages 29%
• Beer & Wine served
• Rent is $6,300 including NNN and is fixed for 2 years
• Restaurant sizes are approx. 2500 sq. ft. plus 1000 sq ft. covered patio
• Long lease remains 6-yr plus 5-yr option
• Open for 6 days only. Closed on Tuesdays
• Short hours are from 11 am to 10 pm, and till 11 pm on weekend
• 6 full-times and 3 part-times work
• Two owners work part-time alternatively, and they receive extra pays which are not included in the net income, so buyer can expent more income than posted
• Wages including payroll taxes are about $16,500 except for 2 owner's pay
• Sales taxes paid for are approx. $4,000/mo
• Ample parking spaces at the shopping center
• SBA loan is available with a 30% down. If $100,000 down is made, approx $2,671 installment per month will be repaid over 10 years
• To get SBA loan and/or lease approval, buyers must prove financial statement, 680+ FICO, sufficient down payment in the bank account seasoned more than 90 days and at leaset 2 years similiar business experience or ownership of restaurant
• For your prompt inquiry, online pdf. NDA is conveniently attached. Sing and resend
• For more information, contact Kevin Kim at beerealty.kim@gmail.com

About the Business

Year Established:
2014
Number of Employees:
9
Real Estate:
Leased
Building Sq. Ft.:
3,000
Rent:
$2.10 Per Month
Lease Expiration:
11/30/2024
Facilities:
Full-equippped kitchen, Cozy dining room and seating tables, Covered outdoor patios, Beer & wine served, Healthy Asian and Thai foods offered
Market Outlook/
Competition:
Chinese buffet, Pho Noodles, Chinese Diner
Growth & Expansion:
Add Pho Nooldes, Sushi and roll
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About the Sale

Reason For Selling:
Another business ventures
Training/Support:
One week prior to closing and one more week after closing
Seller Financing:
None

Listing Info

ID:
1544035
Ad Detail Views:
960

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Business Listed by

Kevin Kim

Bee Realty Group
License# 01922126

 Show Phone Number

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