Absentee run Thai restaurant for sale in Los Angeles Thai Town

Los Angeles, CA
listing image
Asking Price:$225,000
Gross Revenue:$900,000
BUSINESS DESCRIPTION

Established Thai restaurant for sale in Thai Town, Los Angeles. This restaurant hasn’t been on the market for over 25 years! Located in the heart of Thai Town on world famous Hollywood Blvd. with many other restaurants, shops, and cafes nearby. Freestanding building with 13 parking spaces and men/women’s restroom. The interior feels like a homestyle Thai restaurant with a large aquarium inside. Approximately 1344 sq ft with 200 sq ft outdoor dining patio and 13 dedicated parking spaces. There is a 30 foot high monument LED sign on the property for the tenant. You can see the sign a mile away. Lease amount is $9000 + NNN. Gross income a year is currently $900,000/yr. Some of the equipment included are 20 feet type1 hood, walk in cooler, 6 burner stove, 3 wok station, food warmer, 2-door freezer, gas grill, deep fryer, 2-door under the counter prep table + refrigerator. There is also a large storage container outside in the back the restaurant for extra storage. The side of the restaurant can also be used for various purposes.


DETAILED INFORMATION
Location
Los Angeles, CA
Inventory
Not Included in asking price
Employees
12
Reason for Selling
has other interest
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Ivy Guo