Large Thai Restaurant with below market rent

The interior of this restaurant has been completely remodeled and is absolutely stunning. The operation comes fully fixturized and is ready to continue operating as is or is an easy conversion to another Asian concept! The landlord does own some of the equipment, but is available for use under the sublease agreement. All the expense, time and headaches of a build out have been taken care of on this turn key operation. The seller has built a section featuring Traditional Thai seating. The guest sits on comfortable mats on a raised floor allowing space for the legs to rest in comfort. The right buyer is an experienced operator with a good back ground and solid financials for the landlord; who has their finances ready to do the deal, has a concept in mind, and is ready to move quickly. There is a lot of potential upside (current sales volume is $30k a month) but advertising and marketing which the sellers have neglected should increase sales. This location is located in an established part of Placer County and is in close proximity to a freeway interchange, large shopping centers, offices as well as surrounded by heavy daytime users and dense residential. The sublease has 4 1/2 years remaining and landlord is open minded to lease negotiations; the base rent is only $6,398; CAM charges of $1,080 for nearly 4,000 sq. feet of space. This is well below market for the area.

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Demographics

Population	1-mi.	3-mi.	5-mi
2014 Total Population	31,156	74,781	242,684
Households	1-mi.	3-mi.	5-mi
2010 Number Of Households	11,704	27,560	88,960
2010 Persons Per Household	2.51	2.55	2.58
Median House Value	$332,300	$291,107	$276,584
Income Per Household	$69,703	$64,416	$65,598
Businesses	1-mi.	3-mi.	5-mi
2009 Number Of Businesses	1,610	3,329	6,313
2012 Number Of Employees	56,264	116,926	175,588
2012 Total Annual Payroll	$1,607,275,000	$3,146,394,000	$4,143,219,000

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