$450,000.00
Asking Price
Status: Active
Posting ID: 285230
2/17/24
Description
After satisfying customers with great food and friendly service, the owners of this highly successful Thai restaurant are ready to pass on years of goodwill to a well-qualified operator. They have good books & records and a great location ready to go. They have many repeat customers. The very stable business owner will train.
The business is pre-qualified for an SBA long-term (10 years) loan with just 10 % down. The investment would also pay the debt service on the loan and still have plenty of cash left for the new owner. It was established over 10 years ago, and this 1,500 sq ft restaurant is located in a great area. It has a fully equipped kitchen with restaurant seating for approximately 50 customers indoors. Annual cash flow revenues above $250,000 with a huge take-out business.
This nice cozy spot is perfect for a family to take over and make an excellent living. If you want great customer service this place has it. Parking is in the front and The food is authentic and receives rave reviews; "I had the best chicken Pad Thai and Tom Yum soup came back in two weeks and the owner remembered my order and my name” .. Monthly rent is reasonable. This is an opportunity to own a long-established, highly successful Thai restaurant with a huge following. The owners have done an amazing job serving up tasty meals and making customers happy. Now, they're looking for someone special to take over and keep the good times rolling.
Access to financial records, including tax returns, balance sheets, P&L statements, bank statements, POS reports, and merchant statements, is exclusively granted to serious buyers who have formally signed a Non-Disclosure Agreement (NDA), demonstrated verifiable purchase funds, and maintain a strong credit standing.
To gain insight into these comprehensive financial details, kindly complete the Non-Disclosure Agreement on our website. Upon receipt, we will provide you with the complete financial information, an inclusive equipment list, and the Broker's contact details. This will enable you to engage in discussions about the opportunity and explore the Broker's network for potential long-term SBA loan options. Furthermore, you'll also be offered an exclusive behind-the-scenes tour.
Please note that we do not engage in co-broker arrangements. No Co-broker #jimsellsrestaurants
Financial Information:
Monthly Revenue: $66,000
Monthly Cash Flow: $20,833
Annual Revenue: $800,000
Annual Cash Flow: $250,000
General Info:
Ownership: Corporation
Established: 2010
Current Owner: 2010
Employees: Contact For Info
Reason For Sale: Retirement
Monthly Rent: Contact For Info
Expiration: 2025
Facilities:
Square Feet: 1,500
Seating: 50 plus
Parking: Ample
Licenses: Health business
Days/Hours of Operation: 7 days
RRC# 4702
Location: Solano County
To get more information about this Thai Restaurant - Satisfying Customers, Successful business for sale in Solano County please phone Steve Zimmerman (Intermediary, Broker - BRE License #:01310250) at 888-995-9701 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #285230 on BizBen.com. In addition to phoning Steve Zimmerman, make sure you email Steve Zimmerman above to get more info about this Thai Restaurant - Satisfying Customers, Successful, to ask any questions or request an appointment to see this business for sale. Thank you. License # 01310250. Restaurant Realty Company.
Contact
Details
Asking Price: $450,000.00
Down: Call/Email
Cash Flow: $250,000.00
Revenue: $800,000.00
Area: Solano County
City: None Given
Attributes:
My Notes About This Listing
Cash flow
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Revenue
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If your business involves alcoholic beverage sales, we can help. Obtaining a liquor license transfer or selling a business with a license in California does not have to be a frustrating and overwhelming process. We have procured thousands of licenses for our clients.
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McGovern Escrow Services, Inc., is a leading independent escrow company. We are a trusted partner with our clients, assisting them through the tangled bulk sale & liquor license transfer process. We provide attentive, quality & innovative customer service. Phone Elizabeth McGovern at 415-735-3645.
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