Thai Restaurant With Full Bar Liquor License In Hagerstown For Sale

Description

Silk Thai Restaurant is for sale at 1580 Wesel Boulevard in Hagerstown, Maryland 21740. The owner is selling in preparation for retirement.

Restaurant details

• Approximately 3,570 sq. ft.
• Seating for 100 guests
• Full bar
• Monthly rent: $8,000 including CAM
• Five-year lease with an additional five-year renewal option
• Full bar liquor license included, subject to transfer approval

Reported sales

Current monthly sales are reported at approximately $65,000 to $75,000.

The seller's annual projection uses $780,000 in gross sales, which corresponds to approximately $65,000 per month.

• Projected gross sales: $780,000
• Cost of goods sold: $273,000
• Payroll: $192,000
• Annual rent: $96,000
• Other overhead: $18,000
• Projected net income: $201,000

These figures are seller-provided projections and should be checked against tax returns, POS reports, payroll records and other financial statements.

Licensing and E-2

The listing states that the restaurant may qualify for an E-2 Investor Visa. Immigration eligibility depends on the buyer, investment structure and applicable E-2 requirements and should be reviewed with a qualified immigration professional.

The full bar liquor license is stated as part of the transaction, but any transfer will require the applicable Maryland and local approvals.

Return information

The listing states an 80.40% return on investment. Buyers should verify the asking price, calculation method and expenses used to arrive at this figure before relying on it.

Due diligence

Buyers should review historical sales, food and beverage margins, payroll, lease and renewal terms, equipment ownership, liquor sales, utilities, insurance, employee retention and any outstanding customer or vendor obligations before closing.

Ad ID: 2335468.