0 Confidential AddressBoone, IA 50036

For Sale
$180,000

Established Thai eatery; high revenue, strong SDE.

Overview

Added:
Dec 11, 2024
Days on market:
91
This thriving Thai restaurant, located in Boone, Iowa (zip code 50036), presents a unique opportunity for a buyer seeking an established business in a desirable location. The business boasts a strong track record, generating a gross revenue of $477,452 and a Seller's Discretionary Earnings (SDE) of $113,242. The asking price is $180,000, which includes $51,400 in furniture, fixtures, and equipment (FF&E). Currently employing 14 people, this well-regarded restaurant is a local favorite known for its authentic Thai cuisine. The seller is relocating and offering three weeks of support and training to ensure a smooth transition. A non-compete agreement is in place for 30 miles for five years, protecting the buyer's investment. The business has been successfully operated for six years and is not a franchise. This presents an excellent opportunity for an owner-operator or an industry professional looking to expand their portfolio through acquisition. The confidential address is available upon request.

Highlights

  • Established Thai restaurant for sale in Boone, IA, asking $180,000.
  • Gross revenue of $477,452 and Seller's Discretionary Earnings (SDE) of $113,242.
  • Located in central Iowa with 14 employees.
  • Includes $51,400 in furniture, fixtures, and equipment (FF&E).
  • Seller offering 3 weeks of support and training.
  • Seller relocating; 30-mile, 5-year non-compete agreement in place.

Location Insight

City
Boone
County
Boone
State
Iowa
Latitude
42.0528293
Longitude
-93.8655303
Confidential Address, Boone, Iowa

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0 Confidential Address
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