Magnolia Thai Restaurant In Central Location Price Reduction For Sale

Business description

Magnolia Thai Restaurant In Central Location New Price Reduction, RRC#:1115

Location: 2100 4th Street, #B San Rafael, California

Offered at: $85,000

Listing Description
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This centrally located restaurant has a large glass frontage, full kitchen, attractive dining room and large storage area. The current concept is not necessarily the best concept for this location and a new concept and menu could greatly enhance the upside for this business. Within the past couple of months the owners remodeled the restaurant including adding several new pieces of equipment, adding a dishwashing area, installing some new tile floors, upgrading the 2 ADA restrooms and expanding the hood system. Some of the equipment includes as follows: double basket fryer, 3' chargrill, 4 burners, 3 door undercounter refrigerator + sandwich station, 1 door undercounter refrigerator + sandwich station, 14' type 1 hood with fire suppression system, 2 full door glass refrigerator, utility sink, bar refrigerator, coffee maker, CD player with 2 spearkers, cash register, microwave, blender, food processor, full door refrigerator and 2 - 2 full door refrigerators, etc. The business has recently closed. MUST SELL MAKE OFFER!

General Information
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Organization: Sole Proprietorship
Year Established: Contact For Info
Current Owner: Contact For Info
# of Employees: Contact For Info
Seating: 60+
Square Foot/Size: 3,274
Parking: Parking lot and street
Lic. Required: Business, ABC Type 41 (Beer & Wine)
Days Open/Hours: Business is closed
Reason For Sale: Other interests

Financial Information
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Revenue: Contact For Info
Cash Flow: Contact For Info
Current Inventory: Contact For Info
Payroll: Contact For Info

Lease Information
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Lease Rent: $4,500 all inclusive
Lease Expiration: 4/30/2010
Yearly Adjustment: Fixed increases
Lease Option: 5 years
Security Deposit: Not Available

Property information

Real Estate:

Lease

Lease terms:

Lease Rent: $4,500 all inclusive
Lease Expiration: 4/30/2010
Yearly Adjustment: Fixed increases
Lease Option: 5 years
Security Deposit: Not Available

Location:

2100 4th Street, #B, downtown

Other information

Reasons for selling:

other interests