MergerPlace

Thai Restaurant

California (Los Angeles)


  • Asking Price: $208,000
  • Gross Income: $660,000
  • Cash Flow: $116,660
  • Real Estate: Not Disclosed
  • Inventory: $9,000
  • FF&E: $80,000
  • Listing ID: #210812
  • Established: 2016
  • Employees: 6 FT / 1 PT

Business Description

This successful and established Thai restaurant has been a local favorite in the very affluent area of San Fernando Valley. It is open 6 days a week. Sales are approximately $660,000 annually even with extensive holiday and vacation closings with 6 employees. The functional and modern kitchen is fully equipped and the restaurant could easily turn out additional volume. The owner offers catering for pickup and delivery. They have successfully utilized delivery services and they have a great Yelp review system in place. This area of San Fernando Valley is a very vibrant and growing area with some major attractions for both locals and tourists. The rapidly growing population in this area is due to its proximity to downtown LA as well as other very popular destinations in the area. The housing market is still affordable and attractive compared to Los Angeles.

The city is bounded and close to the 101 freeway as well as the 170 and the 134.


Business Details

Primary Business Category: Restaurants, Bars & Other Food Services
Location: California
County: Los Angeles

Company Information

Year Established: 2016
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 6 FT / 1 PT

Financial Information

Asking Price: $208,000
Gross Revenue: $660,000
Cash Flow: $116,660
FF&E: $80,000
Inventory: $9,000
Seller Financing Available: No

Property Information

Facilities:

The location is approximately 1,100 sq ft with a very nice patio of approximately 500 sq ft. The total rent is $3,926 a month including water consumption. There is plenty of time left on the lease with an expiration date of 12/31/2022 and an option for another 5 years. This is an excellent lease. There is an abundance of free parking with room for more than 55 seats. The restaurant is fully equipped and the build out is very nice. All the equipment is up to date.

Growth & expansion opportunities:

There is plenty of opportunity to grow the business. A huge advantage would be to obtain a beer and wine license. This location was an Italian restaurant for many years and did have a beer and wine license. A new owner can most likely get this license.

Competition:

There are plenty of restaurants in the general area, but the food and service provided by this restaurant is great and the Yelp reviews are fantastic.

Reason for selling:

The owner has some personal issues that he needs to resolve and will be returning to his homeland.

Support & Training:

Will train for 4 weeks @ $0 cost. This is a Thai family restaurant and requires regular licenses by the city and state. The owner loves food but is mostly working as a manager/owner. The kitchen is managed and operated by a great Thai crew who know the operation and preparation. A new owner will just need to follow the current owner's footsteps.

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Business Listed By:

Mark Tzalka

Murphy Business Brokers