16 Year Est. Authentic Thai Restaurant #000280

Dallas, TX (Collin County)

16 Year Est. Authentic Thai Restaurant #000280

Asking Price:$285,000

Cash Flow:$133,898

Gross Revenue:$581,148

EBITDA:N/A

FF&E:$100,000

Inventory:$5,000

Established:1999

16 Year Est. Authentic Thai Restaurant #000280

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Business Description

True Authentic Full-Service Thai Restaurant established for nearly 2 decades with full bar inside the operation is available for acquisition. Established in early 1999 and acquired by the same owner, this operation has already settled in the area and built a loyal customer base. A couple competitors are within the immediate market area, but considering this location being the 2nd oldest in the local city with a well-built customer base will pose no issues to compete the other businesses. Surrounded by many hotels and businesses, the source of customer base is individuals with disposable income and families who live in the nearby area. In the last 3 years sales were a consistent $575,000-$625,000 and with additional marketing in the local area can boost sales greatly. Online marketing through social media has helped greatly with overall sales, but more proactive marketing outside social media outlets such as catering is required to fully utilize this business to the maximum potential. A major hotel franchise is currently being built nearby this business and should immensely increase yearly sales after the completion of the building. All products are made with truly authentic Thai recipes such as Thai soups, Thai Salads, cold/hot tapas appetizers, curry, fried rice, noodles, desserts, and huge assortment of seafood dishes. It's hard to find a truly authentic Thai restaurant in the constant changing restaurant industry with cuisine influenced by different culture backgrounds. The long history this has operated is more than enough reason to acquire this business which has operated for over a decade and has great standing sales.
For more info, please call Moon Kim at 1-866-519-2421.

Detailed Information

Inventory:
Included in asking price
Employees:
6FT/6PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The location of this business is in a prime area with many offices, businesses, hotels, and Inns which brings high-end individual to this operation daily. Prime location for this business to thrive in the large income community of North Dallas.
Competition:
Few competitors are within a 3 mile radius, but this business is the 2nd oldest Thai restaurant in the area and has an already well-built loyal customer base.
Growth & Expansion:
Some marketing is done online with Facebook, Yelp, Google, and other minor social media outlets. Traditional marketing tactics aren't current in place which could be tapped into to grow the sales immensely. If marketing is proactively pursued, the catering orders will increase by a large amount each month which in turn will provide a large growth in sales. Four years ago from 2016, the sales were at higher than the last 3 years by a small margin.
Financing:
100% down at the time of closing or 50% cash down with SBA Financing for Qualified Bu
Support & Training:
Owner will provide training to the new business owner for a smooth transition into the operation.
Reason for Selling:
Other Opportunities.

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V-AID Group, Inc.

Business Listed By:
V-AID Group, Inc.

V-AID Group, Inc.

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in the M&A Source. The M&A Source is comprised of highly trained Intermediaries who advise on the preparation, sale and/or purchase of middle market (~$2M+ in revenue) business opportunities. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers.

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