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Business for Sale Summary

Thai Take-Out Restaurant w/ Apt. Above - 34006

Business Type: misc. retail/non-classifiable,other eating & drinking places,other food stores,seller financing available,restaurant/ cafes/ diners
Owner Financing
Thai Take-Out Restaurant w/ Apt. Above
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Financial Information (non-confidential)

General Information
Asking Price $250,000 Down Payment $150,000
Gross Revenues $478,641 Lease Remaining Register Free to View
Owner’s Cash Flow $126,508 Number of FT Employees Register Free to View

Financing

$150,000 Down and $100,000 over 4 yrs. @ 6%

Business Description

Thai Take-Out & Delivery Restaurant w/ Apt. Above. This is low overhead restaurant that faired very well during 2020. It is a cozy 1,000 sf. with a 500 sf basement and a rent of ONLY $1,639/mth, 3% annual increases and 9 years left on the current lease. They have a full kitchen with 2 hoods, 2 woks a 6 burner stove and much more. In 2020, the business grossed approx. $478,641.00 (95% credit card) with an owner's cash flow of approx. $126,508.00. Sales have grown year over year for the past 3 years. In addition to the owner, there are 2 FT and 2 PT employees. The staff can handle the business operations if the owner goes away for a few days. An added bonus is the 2 bedroom apartment above the restaurant with a rent of only $1,200/mth., plus utilities. Use it for yourself or staff. The current owner will sell the business with the name and all recipes, or you can bring in a totally new concept. The owner is selling to relocate out of state. We are seeking a serious and financially qualified buyer with at least $150K in liquid funds to cover the down payment. To learn more, please call, text or email Mel Vaz today on 631-767-0157 or melvaz@vestedbb.com. All site visits must be discreet. Please do not speak with anyone when visiting the location. All meetings must be scheduled by appointment only!

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at registration@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.