Thai Restaurant In Charlottesville VA
Charlottesville, VA Charlottesville City County
Seller's Contact Information
- RE: Thai Restaurant In Charlottesville VA
- Contact: Don Williams
Quick Facts
| Asking Price: | $119,500 | |
| Annual Revenue: | $142,466 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $28,690 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2007 | |
| Employees: | 3 | |
| BBN Listing #: | 88608096 | |
| Broker Reference #: | 9618 |
Business Overview:
Preparing authentic Thai cuisine since 2007, this popular, well-established Restaurant for Sale is located in the up-and-coming Charlottesville neighborhood of Belmont, on one of the main arteries leading into the city. Serving with reduced seating since 2020, a new owner can increase dining capacity and operating hours and significantly boost revenue and profit! If Thai is not on your menu, try another Asian, fusion or ethnic cuisine - this location is well-suited to turn your dream restaurant into a reality!
Offered at $119,500, this Thai Restaurant for Sale had revenue of $191,000 in 2021 and $131,000 in 2022, serving their loyal customer base primarily through take-out and delivery sales. Currently seating at only four tables, this restaurant is utilizing a fraction of the available 1750 square feet of space for in-house dining. Open the doors, add additional tables to serve up to 50 patrons, and watch your sales soar! Staff the unused Kegerator dual bar system and pour customers up to nine different imported or local craft brews - imagine the untapped potential! Outside seating is available too!
Thai food has become increasingly popular in the United States in recent years. According to the National Restaurant Association, Thai cuisine is listed as one of the top 20 most popular ethnic cuisines in the U.S., and it’s a very popular option with Charlottesville’s dining crowd. From spicy curries and stir-fried entrees to refreshing salads, there is something to suit every palate at this exclusive We Sell Restaurants offering. In addition to providing training, the current chef/owner will consider part-time employment to assist the buyer in establishing their business. Of course, the choice of concept and cuisine can be changed-up by the new owner, with the comprehensive kitchen equipment list adaptable to a variety of menus. Contact the Restaurant Brokers at We Sell Restaurants today for more information on this listing!
The rent for this Thai Restaurant for Sale is a very reasonable $2600 per month, including CAMs and real estate taxes. That’s less than $1.50 per square foot for a high-traffic location with easy in/out access and plenty of parking! Nearby businesses and residential areas provide a solid, steady customer base. Nestled into the Blue Ridge Mountains and home to the University of Virginia, Charlottesville is known for its affluent, well-educated and diverse population. This restaurant is well-situated to benefit from the local demographics, as well as the tourist crowd drawn to the city’s historical sites and natural beauty.
We Sell Restaurants has lending partners that can help you to realize the opportunity of owning your own restaurant. Established businesses such as this Thai Restaurant for Sale don’t come to market every day, so why not call now to learn more?
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Property Features and Assets:
Ice machine Reach in cooler x5 Standup freezer x2 Chest freezer x3 Electric range x4 Turbo Air 3 drawer sandwich station Eight foot hood x2 Microwave oven x2 5 foot stainless steel table Glass front soda cooler Kegerator dual tap bar system with 9 total taps Large stainless steel storage rack x4 Medium stainless steel storage rack x2 3 compartment sink Countertop frier with 2 baskets Blender Soup warmer Coffee or tea urns with stand x2 Large decorative wooden stand or table Countertop with storage cabinets Wall mounted storage racks x10 Four person tables x4 Two person tables x7 Dining chairs x30 Bar stools x6 Standing floor fan Television monitors x3 Computer and printer Cash register Stereo system and speakers Menu signs on stanchions x3 Hostess stand Vacuum cleaner Booster chair x2 Assorted potted plants x24 Trash cans x3 Kitchenware necessary to prepare current menu Dishes bowls plates flatware to serve 30 or more guests
Market Competition and Expansion:
Great location, established restaurant
Reason for Selling:
Relocation
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is a franchise resale opportunity
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