Business Overview:
This charming, well located, regionally known restaurant has been in the same high traffic shopping center for over 12 years. The business has over 2,800 square feet with seating for over 80 customers. There is a full service kitchen with a 12 feet hood, grill, deep fat fryer, huge walk-in freezer, a separate prep area, a separate room for the dish washing and cleaning, and a huge separate room for storage and deliveries. The current fare is Thai cuisine but the concept could easily be changed for any food venue, with the Landlord's permission. The business has a class H liquor license. The business offers dine in eating, take out and does local deliveries. The new owner could easily increase the profits by increasing the lunch trade and concentrating on increasing the delivery service. The current owner is starting a new business venture in downtown Seattle and must sell ASAP.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
This is an outstanding location in a high traffic shopping center. The business has been located here for over 12 years. . The business has over 2,800 square feet with seating for over 80 customers. There is a full service kitchen with a 12 feet hood, grill, deep fat fryer, huge walk-in freezer, a separate prep area, a separate room for the dish washing and cleaning, and a huge separate room for storage and deliveries. The rent is $4,538 per month with CAM charges of $662 per month. The lease runs till 3/31/2016 and the Landlord will extend an option to a qualified Buyer. The dishwasher is leased at $190 per month.
Market Competition and Expansion:
There are no other Thai restaurants in the area. This business has been established for over 12 years and has a loyal and consistent following. Business has increased each year in spite of the economy.The new owner could do more marketing and increase the lunch trade - the current owner has done no marketing or promotion to increase his business, he has only relied on word of mouth advertising. The delivery service could be increased both for lunch and dinner.
Reason for Selling:
Seller has another business venture in Seattle
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.