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

$650,000.00

Asking Price

  • Address: Monterey Park,

  • Status: Active

  • Posting ID: 278131

  • 6/13/23

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

Description

This authentic Thai restaurant, established in 2006, is located on one of the busiest streets in Monterey Park. With a stellar rating of 4.5 stars from nearly 1,900 reviews on Yelp, its reputation is undeniable! Its books - including tax return reports and financial statements - are meticulously kept, clearly presenting all revenues and expenses to provide a clear picture of the yearly income.

Area: Monterey Park
Asking Price: $650,000 + Inventory
Annual Sales (2022): $1,800,871
Annual SDE (2022): $221,869
Rent: $15,884 + NNN
Yearly Increase: 3%
Security Deposit: $32,001.40
Lease Term: Until 8/31/2026(Additional Lease option shall be available)
Size: 3,064 sq ft. + 500 sq ft. (Patio)
Liquor License: 41 (On-Sale Beer & Wine)
Business Established: 2006
Employees: 16
Reason for selling: Retirement

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 310-339-1734 and -- - 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
  2. phone iconPhone: 310-339-1734
  3. phone iconPhone: --

Details

  1. Asking Price: $650,000.00

  2. Down: $187,500.00

  3. Cash Flow: $221,869.00

  4. Revenue:    $1,800,871.00

  1. Area: Monterey Park, LA County

  2. City: Monterey Park

  1. Attributes:

    Broker CooperationTraining & SupportSBA Loan Pre-Qualified

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Related Links & Information Regarding This Posting

Email Take Iga Below About This Posting


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