The Biz Blog
March 02, 2012 by Shelli Margolin
New BizEx Business For Sale: Successful Thai Restaurant Rockland, NY
Shelli Margolin just launched a new listing: https://www.bizex.net/listing/461
Successful Thai Restaurant Rockland, NY Asking: $449,950 * Gross: $565,733 * Net: $184,266
VERY successful Thai restaurant just 18 minutes outside of New York City with full liquor license and small patio. This Thai restaurant has been in the same location for almost 30 years. It has a high profit margin due to low rent and very efficient management. The cost of goods sold (COGS) averages about 22%. Opportunities are in catering and increasing advertising. Family possibly moving back to Thailand and wife (owner) wants to stay at home with kids and newborn.
Turn key E-2 Visa qualified Fully loaded restaurant with over $170,000 in FF&E Bar and patio Net earnings are 32.6% of gross sales Affluent NY/NJ community Major street in downtown area Surrounded by major corporations and business parks Good Yelp and New York Times reviews All permits and licenses are valid and in order Lovely culturally appropriate decor Low lease rate at 7.2% of gross Great location Fun, happy place to work
Owners have operated a separate catering truck business. The have sold off the trucks and had kept catering business separate from the restaurant. The restaurant sales figures don't reflect the catering business. A new owner could do a good catering business through the restaurant.
Interested parties please register at www.bizex.net or contact Shelli Margolin-Mayer at 310 882-2200 ext 128.
https://www.bizex.net/business-broker/shelli-margolin
Shelli Margolin Email: smargolin@bizex.net Office: (310) 882-2200 ext 128 Blog: https://www.bizex.net/blog Web: https://www.bizex.net/business-broker/shelli-margolin
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