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Norco, Riverside County, California
ASK $289K: THAI RESTAURANT near CORONA: MONTH $18K NET:Rent $3,858, YEAR GROSS $1.19M :SBA $100K DOWN
Asking Price
$289,000
Revenue
$1,191,228
Down
$120,000
Cash Flow
$216,000
Description
The restaurant boasts a yearly gross of $1.19 million and an actual net income of $216,000 per year. This high profitability paired with the asking price offers a quick ROI for any potential buyer. The business operates in a 2,000 square foot space with a monthly rent of $3,858.
The establishment offers a turnkey operation with an established menu, loyal customer base, and a well-trained team. Additionally, the business has several attributes including an absentee run model, SBA loan pre-qualification, training and support for new owners, and a liquor license.
The reason for sale is due to the owner managing several businesses. The new owner will receive 2 weeks of training after the closing of escrow, ensuring a smooth transition.
This is a fantastic opportunity to own a thriving Thai restaurant in a prime location. For more details, or to view this business, contact broker Joey Kim at 213 255 1478
Business Details
Year Established:
2018
Employees:
10
Reason for sale:
Business owner have several businesses
Support & Training:
2 weeks training after closing of escrow.
Property Information
Size in Square Feet:
2,000 sqft
Lease Terms:
2 years + 5 years option
Lease & Tenant Information
Lease Options:
$3,800
Posting Information
Posting ID:
8728822
Business Category:
Restaurants & Food
Business Types:
Asian Restaurant
Thai Restaurant
Keywords:
Thai restaurant, Good Monthly Net income
ABSENTEE RUN
Manager controls
SBA LOAN POSSIBLE
Attributes:
Absentee Run
License (Liquor, etc.)
SBA Loan Pre-Qualified
Training And Support
Send NDA Request
Please complete the form below to request the NDA for this listing. The broker will review your request and send the NDA for you to sign.
Posting Title
ASK $289K: THAI RESTAURANT near CORONA: MONTH $18K NET:Rent $3,858, YEAR GROSS $1.19M :SBA $100K DOWN
Posting ID
#8728822
Full Name (Required)
Email (Required)
Phone (Required)
NDA Signed Successfully!
Your NDA has been signed and submitted. The broker will review and countersign it. Once complete, you will receive access to confidential business details.
Agent, Broker or Seller Contact
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