Thai Restaurant Instant Cash Flow -Great Value (Must Sell)

Washington, DC (District of Columbia County)

Thai Restaurant Instant Cash Flow -Great Value (Must Sell)
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Asking Price: $115,000

Cash Flow: $24,000

Gross Revenue: $975,000

EBITDA: $102,000

FF&E: $3,000

Inventory: N/A

Rent: $70 /Month

Established: 2005

Thai Restaurant Instant Cash Flow -Great Value (Must Sell)

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Business Description

Motivated Seller! Location, location, location. This is a fabulous location in downtown DC located in Gallery Place next to the Captial One Center. There is plenty of foot and vehicular traffic. The restaurant seats 120 inside and 30 on the patio. The restaurant is absentee run and needs a new hands on owner. Liquor license conveys. Landlord is open to a change of menu but would prefer to keep it a Thai Restuarant. This is an excellent opportunity for a restaurant owner to take over a well established restaurant and continue to grow revenue with an outstanding location.

Detailed Information

Real Estate:
Leased
Building SF:
3,600
Lease Expiration:
N/A
Employees:
10
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Restaurant is 3,600 SF and rent is $21,042 per month including the triple net expenses. Lease expires in 2020 and landlord will extend or negotiate a new lease.
Competition:
Normal restaurant competition
Growth & Expansion:
Restaurant needs a hands on owner operator
Support & Training:
Seller will provide training and transition period.
Reason for Selling:
Relocation
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(from currently available funds)
 
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Brett Shankle

Business Listed By:
Brett Shankle

Atlantic Business Brokers, LLC

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