Thai and Japanese Restaurant For Sale Smithfield, North Carolina
Thai and Japanese Restaurant For Sale in the Smithfield, North Carolina area for $65,000! Established business opportunity, currently grossing an estimated $238,412 and nets $83,597 as an owner operator. Restaurant has been built-out to accommodate and operate as a Thai restaurant but could be converted to any type of restaurant. Great location in a busy plaza, close to a mall with neighboring restaurants, retail stores, service businesses and hotels. Includes all equipment with an estimated value of $65,000. Restaurant can seat 49 inside. This is a popular business with great reviews. Some financing available for buyers who qualify for a revolving credit line through our third party source. Apply Here
Frequently Asked Questions:   Price: $65,000   Cash Flow: $83,597   Financing: No   Listing: Active
What is the current gross revenue for this restaurant? The current gross revenue being generated is estimated at $238,412.
How much money does the restaurant profit? Profits are generated from the gross revenue, minus food purchases, supplies, and operating expenses. This will determine your net/cash flow.
Can I finance this restaurant? There is no seller financing. This business may qualify for a business or SBA loan. If more financing is needed you can review additional Financing Options Here.
What are my expenses and overhead for a restaurant business? Expenses will vary for each restaurant owner depending on the type of restaurant, number of employees, and location. On average restaurant expenses usually include: payroll, payroll taxes, workers compensation, accounting, advertising, supplies, food, electric, property rental fees (usually includes water and garbage), permits and licenses, phone, and liability insurance.
Is the restaurant property owned or leased? Currently the owner leases the property. Current lease terms remain for 5 years. New owner will negotiate and sign lease terms with the property owner.
Where is the restaurant located? This restaurant is located in the Smithfield, North Carolina area. Physical address will be released to qualified buyers upon execution of an NDA.
What type of equipment is included with the sale? Current list of equipment includes: hood, walk-in cooler, freezer, sink, pots, pans, dinnerware, etc. Estimated value is $65,000.
What size and how many customers can this restaurant seat? Restaurant is 2,100 sq.ft. and can seat 49 inside.
Does this restaurant currently have a beer or liquor license? Yes this restaurant has a beer and wine license.
Does the restaurant offer drive-thru or delivery service? There is no drive-thru but a delivery service is offered
How long has the seller owned the restaurant? Seller has owned this restaurant for less than 1 year.
Why is the owner selling? Owner is relocating overseas.
What are the hours of operation? Restaurant operates 11am - 9pm Monday - Saturday.
What type of neighboring business are in the area? Neighboring businesses include restaurtants, hotels, retail stores and service businesses.
What do you recommend when purchasing a business? When purchasing this type of business we recommend forming some type of entity such as an LLC or Corporation to do business under. This not only offer protection for your personal assets, but also ensures protection of your business. If you need help forming this, we recommend that you Form A Corporation Here.
What else should I know? Great location in a busy plaza. Restaurant has been built-out to accommodate and operate as a Thai and Japanese Restaurant but could easily be converted to another type of restaurant. Priced to sell at $65,000 with all equipment included! For additional information and to evaluate this business more Contact Us Here!
Disclaimer: Restaurants For Sale is a Restaurant Broker that brings buyers and sellers together. Restaurants For Sale does not represent, or is not affiliated with the company or franchise being offered. All agreements are made between the buyer and seller and not Restaurants For Sale. It is the prospective Buyer's duty and obligation to verify the accuracy of the Sellerís representations and if necessary retain attorneys, accountants, business appraisers, or other professionals. The representation of income is based on the efforts of the current owner. As with any business you can make more or less.