Full-Service Restaurant. Priced Below Market. Great Location.
40-seat Asian restaurant includes type 41 liquor license. Motivated sellers.
Specifications
Price: $125,000 |
Revenue: $517,000 in 2022 |
EBITDA: $115,200 in 2022 |
Location: San Francisco |
Service Area: San Francisco |
Profit Margin: 21% |
Employees: 4 FTE (Includes 2 Owners) |
Reason for Sale: The Sellers are Retiring |
Goodwill: 18 Yr. Reputation, 4.3 Stars On Google Reviews |
Year Established: | 2005 |
Services: | Authentic Thai cuisine with beer and wine license |
Furniture, Fixtures & Equipment: |
Type 1 Hood, 4 burner wok station, gas flame grill, 8 burner stovetop with oven, single basket deep fryer, island cold station, rice cooker, 2 door True and 1 door True refrigerator and 1 door True Freezer, Auto-Chlor washer with dump sink, 3 compartment sink, prep sink 80/20 ratio between dining room and kitchen, 25 table with 40 seats and reception desk, POS 4Soft, enclosed drink prep station and 2 ADA bathrooms, 100-gallon water heater, 50” TV, 8 camera security system |
Clientele: | Neighborhood and people who love authentic Asian Food |
Facility: | 1700 sq. ft. |
Lease: | $8950/month, option available, LL prefers longer leases |
Personnel: | 2 FT servers, 2 owners work in kitchen |
Located in a vibrant neighborhood of San Francisco, there is a remarkable acquisition opportunity waiting for aspiring entrepreneurs. A 18-year-old, family-owned, Thai restaurant, deeply rooted in authenticity, holds immense potential for growth. The current owners warmly embrace the idea of incorporating your own unique concept into this already thriving establishment.
The purchase of this business encompasses a range of enticing assets, including a proven restaurant concept and loyal customers. The well-established menu has won the hearts of patrons seeking an authentic Thai culinary experience. The establishment has successfully built a recognized brand name within the community, further solidifying its position in the local restaurant scene. This brand recognition provides a strong foundation for the future growth and expansion of the business.
Moreover, a valuable beer and wine license (type 41) is included in the sale, offering the opportunity to enhance the dining experience and attract a wider customer base.
Recognizing the importance of online presence, the restaurant comes with a seamlessly designed website for convenient online ordering. This feature not only caters to the modern demands of customers but also ensures a competitive edge in the digital landscape.
To facilitate a smooth transition, the sale also includes all furniture, fixtures, and equipment (FF&E). With everything in place, the new owner can seamlessly step into the restaurant and continue serving patrons without any disruptions.
The venue itself spans an area of approximately 1,700 square feet, providing ample space for guests to enjoy their dining experience. The restaurant features 25 tables and can accommodate up to 40 guests, creating a welcoming atmosphere that encourages repeat visits and positive word-of-mouth.
The terms of the new lease are open for negotiation with the landlord, ensuring flexibility for the prospective buyer. This allows for customization and the ability to tailor the lease agreement to meet specific business needs, providing a solid foundation for future success.
Value Proposition
- 18 year old established resturant
- Steady revenue generation, with ability to expand
- Potential for growth with current menu
- Own concept can be chosen
- Chef owner have full control and artistic license
- 2 ADA bathrooms
- Wine and beer sales can be greatly increase
- Fully equipped turn key operation
- Separate bar and drink prep area
- Small office open to the main room
- Front reception area
Revenue Breakdown
Financial Highlights
- 26% pick up orders
- 55% dine in. Of that, 19.5% is lunch, 80.4% dinner
- 19% is on-line pick up
- Average ticket per person: $49.80
- Owners pay themselves $110,680 on W2
- Utilities:$2,787 per month average
- Rent: $8,950 per month
- Repair and maintenance: $2,993 in 2022
- Advertising: $15,600 per year
- Priced heavily in favor for a buyer at $125,000