MergerPlace

Asset Rich Authentic Thai Restaurant

New Jersey


  • Asking Price: $110,000
  • Gross Income: $295,858
  • Cash Flow: $82,762
  • Real Estate: Not Disclosed
  • Inventory: $1,000
  • FF&E: $100,000
  • Listing ID: #219194
  • Established: 2012
  • Employees: 1 FT/3 PT

Business Description

Asset Rich Thai Restaurant for Sale!

Strong take out sales!!

Seating is available for 80 total (60 in dining room and 20 in private party room). There are two full kitchens that opens up endless opportunities for growth. Must see to appreciate.

This restaurant is a great opportunity for a buyer that wishes to continue with the current concept or put in their own concept, especially but not limited to Vietnamese Pho and Authentic Chinese Food (there aren't any Vietnamese Pho restaurants in the area).

Everything in this restaurant is perfect and it doesn't need anything more.

The Sellers currently work full-time in the business and are looking to retire.


Business Details

Primary Business Category: Restaurants, Bars & Other Food Services
Location: New Jersey

Company Information

Year Established: 2012
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 1 FT/3 PT

Financial Information

Asking Price: $110,000
Gross Revenue: $295,858
Cash Flow: $82,762
FF&E: $100,000
Inventory: $1,000
Seller Financing Available: No

Property Information

Facilities:

10 years available on the lease. 1,500 sq ft plus basement for storage. There is also a liquor store and a large fitness center in the same center.

Growth & expansion opportunities:

START MARKETING!! Drive up sales with online ordering, UberEats & DoorDash deliveries, to-go & catering orders. Adding Vietnamese Pho, sushi, or other types of cuisine may have a broader appeal for additional patrons. Marketing efforts should focus on expanding catering & take out sales.

Competition:

There are several restaurants in the area.

Reason for selling:

Owner is retiring.

Support & Training:

Will train for 4 weeks @ no cost. Delicious, homemade and authentic Thai cuisine. Founded in 2012, this family operated restaurant serves authentic Thai Cuisine and would convert nicely to fit many different types of food concepts. It is located in a busy strip mall with plenty of parking in a lot. The strip mall has a large Chinese supermarket frequented by many Asian and non-Asian patrons. Food handler's certification is required.

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Business Listed By:

Russell Miller

Murphy Business Brokers