Asset Sale Description
Priced reduced to $65k!
Motivated Seller
Conversion ok, coffee shop, donut shop, or boba is very possible. Has small hood to make snacks.
ASSET SALE
Located just outside SACRAMENTO
Well established, charming and authentic Thai restaurant for sale. In business since 2011. Located on a busy street with excellent visibility, both locals and tourists come here to enjoy delicious Thai cuisine. Easy to manage and operate, few employees required, this ±1400 sq ft restaurant would be perfect for a 'husband / wife' team to operate plus maybe one or two employees. Current owner has owned it for almost five years and is now ready to retire. There is a small patio in front that seats about 10. New five-year lease to Buyer. Turn-key operation ~ Buyer can step in and start operating right away as a new owner. Beer/wine license included. Priced to sell!
Conversion to something else is possible like a gourmet coffee shop or boba tea, especially with the little patio area in front.
Cannot do Indian food. Listing ref# 1111-S
Won’t last! Hurry. Complete NDA, find out more.
Asking Price now only $65,000
Includes:
• all FF&E to operate the restaurant as per the FFE list;
• ABC License: type 41 (beer/wine) included in Asking Price;
• Inventory at cost up to $1000 (on hand at COE);
• Size: ± 1400 SF (per landlord)
• Occupancy: Inside about 36~40
Outside: ±10
New Lease: 5 years + 5-year option to extend
Type: NNN Lease
Rent:
.................Monthly
Year.............Rent
1...............$2200 + NNN
2...............$2300 + NNN
3...............$2400 + NNN
4...............$2500 + NNN
5...............$2500 + NNN
Current Additional Rent (NNN) as of June 2024:
PropTax & Insurance $308 / month
+ Sewer $173.33 / month
+ Water $60~$100 / month (note: May water was about $58), depends on usage;
These are the first-year amounts; annual increase adjustments will occur based on actuals;
Trash: runs about $200 a month Tenant is responsible and pays direct to trash company;
Security Deposit: $2200
Grease Trap is above ground.
Small but adequate size type 1 hood
It is possible to change the concept should someone want to. Landlord approval would be required. Pizza or a coffee shop could do well there (it has a small patio area in front).
NDA will be required from all prospective Buyers.
Motivated Seller
Conversion ok, coffee shop, donut shop, or boba is very possible. Has small hood to make snacks.
ASSET SALE
Located just outside SACRAMENTO
Well established, charming and authentic Thai restaurant for sale. In business since 2011. Located on a busy street with excellent visibility, both locals and tourists come here to enjoy delicious Thai cuisine. Easy to manage and operate, few employees required, this ±1400 sq ft restaurant would be perfect for a 'husband / wife' team to operate plus maybe one or two employees. Current owner has owned it for almost five years and is now ready to retire. There is a small patio in front that seats about 10. New five-year lease to Buyer. Turn-key operation ~ Buyer can step in and start operating right away as a new owner. Beer/wine license included. Priced to sell!
Conversion to something else is possible like a gourmet coffee shop or boba tea, especially with the little patio area in front.
Cannot do Indian food. Listing ref# 1111-S
Won’t last! Hurry. Complete NDA, find out more.
Asking Price now only $65,000
Includes:
• all FF&E to operate the restaurant as per the FFE list;
• ABC License: type 41 (beer/wine) included in Asking Price;
• Inventory at cost up to $1000 (on hand at COE);
• Size: ± 1400 SF (per landlord)
• Occupancy: Inside about 36~40
Outside: ±10
New Lease: 5 years + 5-year option to extend
Type: NNN Lease
Rent:
.................Monthly
Year.............Rent
1...............$2200 + NNN
2...............$2300 + NNN
3...............$2400 + NNN
4...............$2500 + NNN
5...............$2500 + NNN
Current Additional Rent (NNN) as of June 2024:
PropTax & Insurance $308 / month
+ Sewer $173.33 / month
+ Water $60~$100 / month (note: May water was about $58), depends on usage;
These are the first-year amounts; annual increase adjustments will occur based on actuals;
Trash: runs about $200 a month Tenant is responsible and pays direct to trash company;
Security Deposit: $2200
Grease Trap is above ground.
Small but adequate size type 1 hood
It is possible to change the concept should someone want to. Landlord approval would be required. Pizza or a coffee shop could do well there (it has a small patio area in front).
NDA will be required from all prospective Buyers.
Detailed Information
- Years in Operation
- 14
- Facilities & Assets
- Small 5881 sf building built in 1947 shared with a few other tenants. The premises is about 1400 sf (per the landlord). The FF&E are in fair condition. The grease-trap is above ground. According to the owner, the stove and hood works ok and according to them they have not had any problems.
About the Sale
- Transition Support
- The owner will provide up to 12 hours of training during the first week beginning the day escrow closes. The Buyer should already have experience in operating a restaurant (otherwise the Landlord will not approve the transfer of the lease).
- Seller Motivation
- Retire ~
- Financing
- none
Listing Info
- ID
- 2254227
- Listing Views
- 5389
Listing ID: 2254227 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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