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For Sale: Thai Restaurant - Highly Profitable - Monterey Park, LA County, California

  • Address: Monterey Park,

  • Status: Active

  • Posting ID: 278131

  • 2/6/23

$650,000

Asking Price

Monterey Park, LA County Thai Restaurant - Highly Profitable Business For Sale

Description

This is a highly profitable business in Monterey Park for sale! This authentic Thai restaurant was established in 2006. It's located on one of the busiest streets in Monterey Park. They have 4.5 stars of nearly 1,900 reviews on Yelp! Their books (Tax Return reports and Financial Statements) are very clean and show all revenues and expenses so you clearly see how much they generate income every year. It was established in 2006 and has 16 employees. There is a type 41 license. The owner wants to retire.

The lease is until 8/31/2026 (additional options will be available) for a rent of $15,884 + NNN (3% yearly increase) for 3,064 sq ft. + 500 sq ft. (patio). The annual sales in 2022 were $1,784,794 and the SDE was $212,892. The security deposit will be $32,001.40 and the asking price is $750,000 + inventory.

To get more information about this Thai Restaurant - Highly Profitable business for sale in Monterey Park, LA County please phone Take Iga (Agent - BRE License #:BRE #02112266) at - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #278131 on BizBen.com. In addition to phoning Take Iga, make sure you email Take Iga above to get more info about this Thai Restaurant - Highly Profitable, to ask any questions or request an appointment to see this business for sale. Thank you. License # BRE #02112266. eXp Commercial of California Inc..

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Contact

  1. Name: Take Iga

Details

  1. Asking Price: $650,000

  2. Down: $187,500

  3. Cash Flow: $212,892

  4. Revenue:   $1,784,794

  1. Area: Monterey Park, LA County

  2. City: Monterey Park

  1. Attributes:

    Broker-Broker CoopTraining & SupportSBA Loan Pre-Qualified

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