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Successful Thai Restaurant

Location  New York,United States
Asking Price Range  $250K - $500K
Gross Revenues  $429428
Net Profit / Cash Flow  $154725
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Yes
Year Established  1985
Number of Employees  6 - 9
Inventory  172090
Relocatable  No
Number of Employees  6 - 9
Real Estate  Leased
Training  Seller will train.
Reason for Sale  Family and relocation.
Description  VERY popular 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 30%. Opportunities are in catering and increasing advertising. Family moving out of state. Turn key E-2 Visa qualified Fully loaded restaurant with over $170,000 in FF&E Bar and patio 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 9.4% of gross sales Great location Fun, happy place to work 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 contact Shelli Margolin-Mayer at 310 882-2200 ext 128.
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