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Thai Restaurant
Location: United States -> Utah
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

This amazing, authentic Thai restaurant was established by the owners in 2007 and has built a reputation for high quality, authentic recipes using only fresh ingredients, no MSG or preservatives, and always maintaining consistency. They offer both inside dining and take-out at very reasonable prices. They have built a very loyal customer following, evidenced by their sales dropping very little during the 2020 COVID restrictions and shutdowns.

2019 gross sales were over $1,250,000 and 2020 sales were less than $100,000 off from 2019. So far in 2021, sales are on pace to reach or exceed the 2019 level.

The asking price for the business is $500,000 and the seller is willing to consider financing a significant portion of the purchase price for a well-qualified buyer. The business has excellent and loyal employees many of whom have been with the business for a substantial amount of time. The owner of the business acts as the overall manager, handling administrative tasks including accounting, payroll, hiring employees, and oversees the quality of food and services. Financial records and other records for this business are in pristine condition and the owner is willing to give whatever training and transition is necessary for a new owner.


Financials

Asking Price Range:  $500K - $1.0M
Gross Revenues:   $1,250,000
Cash Flow:   $260,000
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $80,000
Seller Financing:  Yes

About The Business

Year Established:  2007
Number of Employees:  10 - 19
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  negotiable
Reason For Selling:  retirement




Print Listing Id: 700365757
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Related Searches: Catering Services  >  Food Production and Packaging  >  Grocery and Supermarkets  >  Liquor Stores  >  Restaurants and Fast Food (Non-Franchise)  >  Vending Machines  >  Other Food and Beverage  > 

Also See: Franchise Opportunities > Franchise Resales > Utah Businesses For Sale > Utah Franchises For Sale > Utah Business Brokers



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