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Business for Sale Overview:

Magnolia Thai Restaurant In Central Location New Price Reduction, RRC#:1115 Location: 2100 4th Street, #B San Rafael, California Offered at: $85,000 Listing Description ------ This centrally located restaurant has a large glass frontage, full kitchen, attractive dining room and large storage area. The current concept is not necessarily the best concept for this location and a new concept and menu could greatly enhance the upside for this business. Within the past couple of months the owners remodeled the restaurant including adding several new pieces of equipment, adding a dishwashing area, installing some new tile floors, upgrading the 2 ADA restrooms and expanding the hood system. Some of the equipment includes as follows: double basket fryer, 3' chargrill, 4 burners, 3 door undercounter refrigerator + sandwich station, 1 door undercounter refrigerator + sandwich station, 14' type 1 hood with fire suppression system, 2 full door glass refrigerator, utility sink, bar refrigerator, coffee maker, CD player with 2 spearkers, cash register, microwave, blender, food processor, full door refrigerator and 2 - 2 full door refrigerators, etc. The business has recently closed. MUST SELL MAKE OFFER!

Property Features and Assets:

General Information ---- Organization: Sole Proprietorship Year Established: Contact For Info Current Owner: Contact For Info # of Employees: Contact For Info Seating: 60+ Square Foot/Size: 3,274 Parking: Parking lot and street Lic. Required: Business, ABC Type 41 (Beer & Wine) Days Open/Hours: Business is closed Reason For Sale: Other interests Financial Information ---- Revenue: Contact For Info Cash Flow: Contact For Info Current Inventory: Contact For Info Payroll: Contact For Info Lease Information ---- Lease Rent: $4,500 all inclusive Lease Expiration: 4/30/2010 Yearly Adjustment: Fixed increases Lease Option: 5 years Security Deposit: Not Available

Additional Details:

• The property is leased.
• The owner may be willing to train/assist the new owner.
• The owner may be willing to work for the new owner.
• This is not a homebased business opportunity.
• This is not a franchise resale opportunity.
• This is not a distressed business or bankruptcy situation.