Beloved Thai Restaurant | Prime Location | Keep or Convert

Description

Second-generation Thai restaurant for sale in Baltimore, Maryland. The business operates from a compact approximately 440 sq. ft. space with monthly rent below $2,000.

Restaurant details

• Approximately 440 sq. ft.
• 6 indoor seats
• Additional outdoor seating
• Low monthly occupancy cost
• No alcohol service
• Current concept can be continued or replaced

The restaurant is suited mainly for carryout, delivery and smaller fast-casual operations.

Kitchen equipment

• Hood system
• Two wok stations
• Six-burner range
• Deep fryer
• Upright reach-in refrigerator
• Two-door sandwich prep refrigerator
• Prep tables
• Three-compartment sink
• Ice maker
• Microwave

Front of house

• Two-door display refrigerator
• Refrigerated display case
• Single-door freezer
• Tables and chairs
• Shelving
• Toast POS system
• Kitchen display system and printers
• Security cameras

Lease

• Lease runs through November 30, 2028
• Two renewal options
• Monthly rent under $2,000
• Street and nearby lot parking available

Current operation

The restaurant has an existing local customer base and positive online reviews according to the seller.

The owner currently operates on an absentee basis and is selling to focus on other ventures.

Growth

• Increase delivery and online ordering
• Add catering
• Develop corporate lunch accounts
• Use the kitchen for meal prep
• Add a delivery-only or ghost kitchen concept
• Introduce a different menu or brand

Transition and financing

Training can be negotiated with the seller.

The listing states that unsecured financing of up to $500,000 may be available to qualified buyers, subject to lender approval and final terms.

Due diligence

Buyers should verify historical financials, lease and renewal terms, equipment ownership and condition, outdoor seating rights, parking arrangements, Toast account transfer, food-service permits and the exact assets included in the transaction before closing.