$2,500,000
Restaurant (Thai)
- Status: Pending
- Price: $175,000
Description
This is a chain Restaurant located inside a Shopping Mall with lots of foot traffic and other Anchor Stores and Restaurants around it. Menu item is made fresh with high-quality ingredients. They serves dishes made from traditional Thai recipes with a twice of Asian Fusion. Hours of operation; 10.00am- 9.00pm, 7xdays a week. There are 6 x employees. Rent is $9,000 per month. Lease expires 2025 with 1 x 4 years option. Royalty is 5% and they spend 3% for Advertising. Seller claims his Gross Sale for 2019 was $800,000 and Now because of Covid it is about $400,000. Food cost 27%.
Business Information
Ownership Type:
Corporation
Year Established:
Year Purchased:
Business Type:
Thai Restaurant
License(s) Required:
Business, Health
Hours of Operation:
10.00am-9.00pm / 7 x days a week
Business Relocatable:
No
Business Is A Franchise:
No
Home Based:
No
Broker To Broker CoOp:
No
Office Listing Number:
4062
Date Available:
12/01/2021
Reason For Sale:
Financial Information
- Annual Total:
- 400,000
- Revenue:
- Annual Net Income:
- Inventory:
- Monthly Payroll:
Lease Information
- Base Rent:
- 9,000/m
- Lease Expires:
- 2025
- Lease Option:
- 1x 4 years option
- NNN:
- Included
Financing Information
- Down Payment:
- 145,000
- Owner Will Carry:
- 150,000
- Other Finance:
- Terms:
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