Restaurant ( Thai Cuisine)

Restaurant ( Thai Cuisine)

Available

$200,000.00

Listing Number :

 3943

Status :

Expired

Price :

$200000

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Description

This restaurant is located in beautiful wine country in Sonoma county. This Thai food location
is one of three in this town so not a lot of competition. The restaurant has gone over a renovation three years ago and
in very good condition The seller claims her gross income is around $37,500 per month. There is opportunity for the
new owner to grow that amount in the first year by advertising, adding a happy hour, and open 7 x days a week. The
restaurant also sells beer and wine. The business is in a very clean location of a busy strip mall, the seller has long
standing repeat business, provides catering, and deliver services. The seller claims her net income is $10,000
monthly gross income and the only reason why the seller is listing the business is because the seller wants to retire. # 3943

Business Information Financial Information
Ownership Type:  Sole Partnership
Year Established: 2017
Year Purchased: 2017
Business Type: Thai Restaurant
License(s) Required: Business, Heath, ABC
Hours of Operation: 11 am-9 pm /6 x days a week
Business Relocatable: No
Business Is A Franchise: No
Home Based: N/A
Broker To Broker CoOp:  No
Office Listing Number: 3943
Date Available: 3/3/2020
Reason For Sale:
Annual Total Revenue: 450000
Annual Net Income: 120000
Inventory:
Monthly Payroll:
Lease Information
Base Rent: 3000
Lease Expires: 2020
Lease Option: 1 x 5 years option can be given to new buyer
NNN: 700/m
 
Financing Information
Down Payment: 20% down
Owner Will Carry:
Other Finance Terms:

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