The Thai Restaurant for Sale in Broward County, Florida has been operated for 16 years under continuous ownership of its founder. Owner is ready to retire, and restaurant is turnkey for new operator.
The 16-year-old Thai Restaurant for Sale has been consistent throughout the years. Annual gross sales of $450,000 or more with a net to the owner of approximately $70,000 has been the norm. Thinking about the growth potential of this restaurant? The restaurant has no website, offers no delivery options, and is closed on Sundays. Build a website, introduce yourself to a new customer base with third party delivery services or deliver yourself, and open for additional hours of operation and watch the sales and profits grow. The potential for this restaurant is unlimited.
The Restaurant for Sale offered by We Sell Restaurants, which seats 40 guests in a mix of tables and booths, occupies 1,250 square feet of space in an established, dominant, and highly visible grocery store anchored shopping center. The center also features BIG BOX retailers, banks, restaurants, retail, and service providers. More than 60,000 vehicles pass by this center on the highly trafficked road that is located between I-95 and Federal Highway. The three-mile radius population is 105,665 and the average household income is $84,923. The very reasonable monthly rent is only $3,331 including all CAMS and taxes. The lease expires in November of 2024 and has one five-year option attached.
The Thai Restaurant for Sale is open six days per week. The operating hours are from 11:30 am – 2:30 pm and 5 pm – 9:30 pm. A separate menu is used for lunch and another for dinner. The menu features popular Thai dishes. A variety of Curries are offered along with stir-fry and sauteed entrees and noodle dishes such as Pad Thai. The restaurant has a 2COP license that transfers so beer and wine can be offered to your guests. All recipes will transfer, and the owner will remain for two weeks of training at the time of sale.
The Restaurant for Sale features a 12-foot exhaust hood, inground grease trap, and walk-in cooler. The kitchen equipment includes a three-wok cooker, six eye burner, char-broiler, and a fryer. The refrigeration is all commercial grade and in good condition. The front of house is a mix of booths and tables. 40 guests can be sat in the nicely decorated dining room. The restaurant has four employees plus the owner operator. The owner is a chef and works the kitchen and oversees the entire operation.
This is a Certified Pre-Owned Restaurant® the highest standard for restaurant listings. It has been reviewed by a Certified Restaurant Broker® and has verifiable Sellers’ Discretionary Earnings (SDE). It has been listed based on the strictest industry standards and if SBA lending is advertised, the business earnings qualify subject to Lender’s review & approval.
The Business Analysis Tool with the latest profit & loss information is available for immediate review by qualified buyers and has been evaluated based on industry guidelines for expense ratios.
The equipment in the store transfers free and clear of any liens subject to UCC Lien search by closing agent. If the space is leased, it is available for assignment, extensions, renewal or new agreement for qualified buyers and if the business is a franchise, it meets the criteria for transfer for assignment of the franchise.
The acquisition of a Certified Pre-Owned Restaurant® includes the services of a Certified Restaurant Broker® at no cost to the buyer.
Please click on the tab below to easily acknowledge confidentiality on this Restaurant for Sale. For many business opportunities, you will immediately receive the name, address, photos, and most recent financials. If you have any questions, please contact Certified Restaurant Broker Ken Eisenband at (561) 350-3365
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