Free Stand building with parking lot. Well known Southern Asian Fusion restaurant is located in a high end neighborhood. Lot of repeating customers support the business for many years. Current owner has to sell it because of family issue. Seller is willing to train and support the new owner even after changing of ownership. Seller claims revenue around $1,300,000, SDE net income around $300,000.
This is a combination of Southern Asian food including Thai food, Burmese food and Chinese food since they have all kinds of customers love the food. Seller claims all the customers pay such high tips.
The restaurant is 1800 sqft, base rent is $6,727, NNN is $1,445, lease will be expired in 2028, plus 5+5 year option. Annual increase 3%.
There are 5 full time and 2 part time employees. There are 60 seats, one bathroom, liquor license Beer and Wine 41.
This is a Free Stand building with private parking lot. The business has been very stable over the years. The new owner can get investment returned in one year.
If you are interested, contact with me for details, thanks
Ad#:2474700
