LA Thai Restaurant, High Profits. Prime Area

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Background

BizEx ID:BizEx1403-EM
General Location:Rolling Hills, CA
Category: Restaurant
Other Eating & Drinking Places
Years in Business:17
Under Present Owner:13
Hours of Operation:M-Sat 11:00 - 3:00, 4:00 - 9:00
Owner Hours:Owners live out of State
Training:2 weeks @ 30 hours
Organization Type:C-Corp
Lease Expiration:4,2024
Lease Options:Buyer to Sign New Lease
Building Size:1000
Employees:0
Reason for Sale:Other Opportunities

Financials

Asking Price:$375,000
Down Payment:Negotiable
Gross Sales:$750,000
Discretionary Cash Flow:$250,000
FF&E:$50,000
Inventory Included?Yes
Inventory:$3,000
Min. Operating Capital:TBD
Real Estate Available?No
Rent:$5,200

Description

Nice, Modern Thai Restaurant in High Income, Upscale Area of Los Angeles - Rolling Hills Estate

This Five Star rated, casual dining restaurant is well known in the Palos Verdes Peninsula area. High volume and great margins. Very nice large shopping center attracts a large customer base with very limited competition.

Indoor and outdoor seating - 22 in, 20 outside on a end unit in a high traffic center.

The sellers live out of state and the restaurant operates very smoothly. They have put a limit on to-go orders since it gets them too busy for walk in customers. Great growth opportunity for a buyer.

This is a Asset Sale; cash transaction - no bank financing contingencies or large seller notes will be accepted.

For more information, please complete the Buyer Registration at BizEx.net.


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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.




Eric Mellem
Business Broker/ M&A Advisor
100 Wilshire Boulevard, Suite 700
Santa Monica, CA 90401
Office: (310) 882-2200 ext 146
Direct: (310) 293-6414
Lic#: 01220802




Dan Higgins
Marketing Consultant
100 Wilshire Boulevard, Suite 700
Santa Monica, CA 90401
Office: (310) 882-2200 ext 166
Direct: (714) 719-1809
Lic#:

Logos Member of the California Association of Business Brokers Member of the International Business Brokers Association Member of the M&A Source Holder of the Merger & Acquisition Master Intermediary designation, M&A Source's highest qualification Holder of the Certified Business Intermediary designation, IBBA's highest qualification Holder of the Certified M&A Professional designation from Coles College Trained by the National Association of Certified Valuators and Analysts to conduct business valuations