Well Established Profitable Thai Restaurant In Alameda Reduced For Sale

Business description

Profitable Thai Restaurant- 16 Year Family Operation- Reduced!

RRC#: 1674
Asking Price: $99,000
Location: Busy Center, Alameda, California
Yearly Revenue: Contact For Info
Yearly Cash Flow: Contact For Info
Monthly Rent: $6,000

LISTING DESCRIPTION:
This profitable family operated Thai restaurant was established in 1994, maintains consistent sales and benefits serves a very loyal clientele. The premises is located is in a small center on a prime a high traffic street with all day traffic. A tiled entry and waiting area leads to the comfortable and spacious dining room, with an attractive long bar which allows for seating, a behind counter server area and reception station. The large, well equipped kitchen features a 14 1/2’ type 1 hood, 8-burner range with oven, 2‘ char grill, double fryer and 3-burner wok range. There is an 11’ stainless center service line with built-in 2-door salad fridge, prep sink and prep table with two overhead stainless shelves for staging and order pick up. On a 12’ stainless service counter are rice cookers and warmers, a slicer, microwave, food warmer, and a built-in 2-pan steam table. In addition, there is a 2-door reach-in, wire rack shelving units, and in an adjacent storage room, more wire rack shelving, a walk-in cooler and freezer and ice machine. A 2- compartment sink and dishwasher are in a room off the kitchen. The name, concept, recipes, assets and goodwill are all offered in the sale of the business, ready for a new operator to step in and continue the operation. Although the restaurant is successful with the present menu concept, the center has no other food service, allowing a buyer the option of purchasing the business assets and open with a completely different concept. Mexican, Asian, Mediterranean concepts would all work well here. Also, a buyer would be in a good position to re-negotiate rent and lease terms with the landlord. The monthly base rent is currently $4,800, and the CAM is $1,250, and INCLUDES WATER, SEWER AND REFUSE SERVICES.

GENERAL INFORMATION:
Organization: Sole Proprietorship | Year Established: 1994 | Current Owner: 2004 | Seating: 70 | Square Footage: 2,600 | Days Open/Hours: Tues-Sat 11:30a-9:30p Sun 5p-9p | Reason For Sale: Other Interests |

FINANCIAL INFORMATION:


LEASE INFORMATION:
Monthly Rent: $6,000 | Lease Expiration: 2012 | Yearly Adjustment: Negotiable |

FINANCING INFORMATION: