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#3472
Los Angeles Restaurants For Sale

VOTED BEST THAI IN LOS ANGELES!!!

$85,000
VOTED BEST THAI IN LOS ANGELES!!!
This Listing is Expired

HELLO BANGKOK GREAT FOOD HAS LANDED IN LOS ANGELES!!!   JUST ADD BEER AND WINE AND WATCH YOUR SALES SOAR!!!!!!!!!!

If you love great food and take pride of ownership then this is the perfect opportunity for you!   Crispy shrimp in a delicate tamarind sauce served with forbidden rice and a refreshing Thai iced tea.  The executive chef has created recipes, presentation and an interior that is sexy and sophisticated. 

To find a great restaurant for sale in Los Angeles with quality and appeal is not an easy task unless you build from the ground up or find a struggling asset sale.  Instead you have a turn key opportunity that is a perfect match for a chef owner operator who can take the helm, cut payroll and increase nightime dining traffic.

Located a short block from the LA metro station and in the heart of the a business district with adjacent high density residential component creates a perfect catalyst for dynamic growth.   Increased advertising to get the word out will yield tremendous results for both lunch and dinner.  Very few area restaurants have large semi-covered patios with great views to the downtown skyline.

Virtually unlimited parking and validation is included in the lease rate.

ANOTHER ELITE RESTAURANT BROKER

Broker/Lawyer Laurent O'Shea

Lease

Region:
Los Angeles Restaurants For Sale
Lease Term:
initial terms expires April 01, 2015 + 5 year option
Total Monthly Rent:
$4,600
Security Deposit:
$25,000

Financials

Last Year's Annual Gross:
$380,000
Last Year's Food Cost %:
28

Operations

# of Full-Time Employees:
3
# of Part-Time Employees:
7
# of Family Employees:
2
Hours Open:
Open Sevan days per week

11:00am to 10:30pm
Year Established:
2010
Hood System Type 1:
Yes

Facilities

Indoor Seating:
44
Outdoor Seating:
16
# of Parking Spots:
150
Inside Sq. Ft.:
1,206
Outside Sq. Ft.:
140

Highlights

  • VOTED BEST THAI IN LOS ANGELES!!!
  • PRIME HIGH TRAFFIC KOREA TOWN LOCATION
  • MAGNIFICENT INTERIOR DECOR WITH CONTEMPORARY FLAIR
  • PROFITABLE AND TURN KEY
  • CLOSE TO GROWING DOWNTOWN LOCATION
  • INCLUDES NAME AND RECIPES
  • GOOD LEASE RATE FOR THIS AREA
  • DESIRABLE OUTDOOR PATIO
  • ADJACENT TO HIGH VOLUME RESTUARANTS
  • PRICED TO SELL, OWNER IS FOCUSING ON HIS OTHER LOCATIONS
  • NEXT TO METRO STATION
  • 40% YEAR OVER YEAR SALES INCREASE

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
Yes
Seller Carryback of Purchase Price:
20%

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 152,142 617,861 1,245,163
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 56,119 222,946 457,862
2010 Persons Per Household 2.53 2.58 2.54
Median House Value $650,810 $563,154 $572,692
Income Per Household $36,983 $38,611 $42,236
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 4,840 15,759 41,512
2012 Number Of Employees 102,438 388,876 1,064,278
2012 Total Annual Payroll $1,986,338,000 $4,294,967,295 $4,294,967,295

click for more demographic info

Disclaimer

DISCLAIMER: The User (that's you reading this) of this Website understands that Stone Path Brokerage Services, Inc. ("Broker") or its agent(s) do not audit or verify any above information given to or gathered by Broker or its agent(s) from Seller, our Client, or make any warranties or representations as to its accuracy or completeness of the information provided, nor in any way guarantee future business performance. The User should perform a complete and detailed due diligence on the business and or real estate before buying it in addition to seeking professional advice from an attorney as well as a CPA.  In some cases, forward looking statements may have been made but these statements are absolutely no guarantees of future performance of the business as each User has differing skills sets to either grow the business or kill the business.  Owning a business is a risky venture, but can also be a rewarding one.  The User of this website is solely responsible to examine and investigate the Business and or real estate (if included in the sale), its assets, liabilities, financial statements, tax returns, and any other facts which might influence the User's purchase decision or the price the User is willing to pay. In most cases, the Broker represents the Seller who is our principal, but the Broker owes the User a duty of fair and honest dealings.  Any decision by User to purchase the Business shall be based solely on User's own investigation and the User's legal, tax, and other advisors and not that of Broker or its agent(s). Any listing information may change at any time without any notice to User and User should often review the listing on the website to keep up to date.

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