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- RE: Popular Thai Restaurant For Sale In Prime Charlottesville Location
- Contact: Don Williams
Quick Facts
Asking Price: | $119,000 | |
Annual Revenue: | $139,064 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $27,813 | |
Total Debt: | Not Disclosed | |
FF&E: | Not Disclosed | |
Real Estate: | Not Disclosed | |
Year Established: | 2007 | |
Employees: | 3 | |
BBN Listing #: | 994397 | |
Broker Reference #: | 26856 |
Business Overview:
Established in 2007, this popular and well-regarded Thai Restaurant for Sale serves authentic cuisine to a loyal customer base in Charlottesville's vibrant Belmont neighborhood. Located on a major thoroughfare leading into the city, the restaurant benefits from high visibility, easy access, and ample parking - making it a convenient location for locals and tourists alike.
Currently operating just five days a week and utilizing only a fraction of its full capacity, this Restaurant for Sale presents a fantastic growth opportunity. With minimal advertising and limited hours, there's substantial potential for a new owner to boost revenue by expanding operating hours, enhancing marketing efforts, and adding takeout, delivery, or third party platforms.
Priced to sell at $119,000, this 1,750 square foot space features:
Seating for over 50 guests
A well-equipped bar with dual Kegerators and nine taps
A spacious kitchen adaptable to various cuisine types
A charming patio ready for outdoor dining
In 2024, the restaurant generated $139,000 in revenue, operating on a part-time schedule. Rent is a very reasonable $2,705/month, including CAMS and property taxes - a rare find in such a prime, growing location.
Charlottesville, home to the University of Virginia and nestled in the scenic Blue Ridge Mountains, boasts an affluent, educated, and diverse population. This restaurant is well-positioned to benefit from local demographics and year-round tourism.
Thai cuisine remains one of the top 20 most popular ethnic foods in the U.S., and this restaurant's flavorful menu - featuring spicy curries, stir-fries, and refreshing salads - has strong customer appeal. However, the space and equipment are versatile enough to support any concept a new owner envisions.
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Contact the Seller:
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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:
Retirement. Kindly ask the seller for more information.
Additional Details:
- The property is Leased.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Relevant Links:
- View more Virginia businesses for sale
- View more Businesses For Sale in the same industry
- Sell a business online
- Find a business broker
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