BizEx517-SM: Money Maker - Popular Thai Restaurant
Background:
General Location:
Eastern Los Angeles, CA
Category:
Restaurants Restaurants > Restaurant
Years in Business:
18
Under Present Owner:
18
Hours of Operation:
11am - 7:30 pm - Closed Mondays
Owner Hours:
40+
Training:
2 weeks, 20 hours/week
Organization Type:
S Corp
Lease Expiration:
May 01, 2017
Lease Options:
Option to come with renewal of Rite Aid Lease
Building Size:
3,000 sqft
Employees:
FT; PT
Reason for Sale:
Retirement & Ill Partner
Financials
Asking Price:
$220,000
Down Payment:
Negotiable
Gross Sales:
$420,000
Discretionary Cash Flow:
$134,400
FF&E:
$ 70,000
Inventory Included?
Yes
Inventory:
$ 5,000
Minimum Operating Capital:
$
Real Estate Available?
No
Real Estate Asking Price:
$ 0
Rent:
$ 2,175/month
Payroll:
$5,800 /month
Financing:
Call
2012
Gross Sales
420,000
Gross Profit
319,200
Disc. Earnings
$134,400
* YTD as of , ** = Prorated.
Broker Info
Shelli Margolin
Business Broker
(310) 882-2200 ext 128
LIC# 00902695
Summary
Instantly make money with this popular Thai restaurant in Eastern Los Angeles (not in "East LA"). Fantastic location with loads of traffic in a busheling downtown shopping area. You don't need to be Thai to run this successful 3,000 sq ft restaurant!
The restaurants has customers all day long. City Hall is around the corner. There is a large business lunch crowd and after 3 pm and on weekends it is full of locals and shoppers.
Incredible opportunities:
*Rent is only $2,175 and includes gas & water!
*A 41 ABC license is already packaged and ready to submit for a new owner.
*Free parking in the back
*Extend the hours - the business is there! (currently closes at 7:30 pm)
*Open on Mondays for extra business (currently closed on Mondays)
*Market & Advertise!!! - The sellers don't do any marketing or advertising
*Increase delivery and catering services
*88 seats indoors and opportunity to get a permit for additional outdoor dining.
*Kitchen is full of all permitted equipment and refrigeration needed to continue running a successful Thai restaurant
The sellers are extremely eager to retire, but will be happy train and mentor the right buyer.
PROOF OF FUNDS REQUIRED WITH ALL OFFERS!
Interested parties please register at http://www.bizex.net or contact Shelli Margolin-Mayer at 310 882-2200 ext 128. http://www.bizex.net/business-broker/shelli-margolin
DISCLAIMER: The information herein is furnished by the seller; BizEx has not verified this information and makes no representation or warranty as to its
accuracy, completeness, or authenticity. Future earnings may differ from past earnings. Discretionary Earnings is defined as earnings before deducting
interest, taxes, depreciation, and amortization, and adding Owners salary, benefits and non recurring expenses.
