Thai Food Restaurant For Sale – Rockville, Maryland
Thai Food Restaurant For Sale in the Rockville, Maryland area for $220,000! This is a popular business in the community with a loyal customer base and good online reviews. It is currently grossing an estimated $1,021,844 and nets $46,897 as an owner/operator. Restaurant is built-out to accommodate and operate as a Thai Restaurant. Having recently undergone an extensive renovation, this restaurant is modern and up-to-date and can seat 120 inside and 60 outside! Located on a beautifully developed outdoor courtyard with neighboring restaurants, businesses and a stage pavillion. The price includes all equipment estimated at $100,000! Some financing available for buyers who qualify for a revolving credit line through our third party source. Apply Here.
Frequently Asked Questions:
What is the current gross revenue for this restaurant?
The current gross revenue being generated is estimated at $1,021,844.
How does the restaurant profit?
Current profits are generated from the gross revenue, minus food purchases, payroll, 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 financing is needed for startup costs 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 insurance.
What type of insurance do I need?
In most cases restaurant owners will need a minimum of the following insurance policies: business liability, worker’s compensation and business property insurance. Restaurants For Sale now offers discounts on insurance! Through our size and volume, we have partnered with some of the largest insurance brokers in the nation to offer the best rates. Request Your Free Insurance Quote Here.
Is the restaurant property owned or leased?
Currently the owner leases the property. New owner will negotiate and sign lease terms with the property owner.
Where is the restaurant located?
This restaurant is located in the Rockville, Maryland 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: complete kitchen equipment and dining room furniture and decorations. Full equipment list will be provided to qualified buyers.
What size and how many customers can this restaurant seat?
Restaurant is 3,654 sq. ft. can seat 120 inside and 60 outside.
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 through Seamless, Grubhub, Chownow, Postmates, and Doordash.
What type of neighboring business are in the area?
Neighboring businesses include restaurants, retail businesses, and a library.
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 on a beautiful courtyard! Restaurant has been built-out to accommodate and operate as a Thai Restaurant. Priced to sell at $220,000 with all equipment included! Excellent reputation. For additional information and to evaluate this business further Contact Us About This Restaurant 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 Seller’s 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.