Pattaya Restaurant

[SunbeltAsiaAdvisor]

Pattaya Restaurant

Listing ID# BKK13897

750,000THB

BUSINESS SUMMARY

The owners of this Pattaya Restaurant are planning to return to the UK to pursue an employment opportunity, and are consequently seeking a quick business transfer. The large restaurant provides Thai and European cuisine and is augmented by a bar, a fishing park and a children’s play zone with animal houses. Capable of handling up to 120 customers, the enterprise also includes two large western style apartments and sits on grounds measuring three rai (4,800 square metres). Monthly rent of just 10,000 baht is currently payable, although the landlord wishes to negotiate a new renewable three year lease with the new owner. Custom is brisk, especially as a 99 baht barbecue has proved very popular within the local community for some time. The business is currently closed, as the owners are preparing to relocate, but everything is in place to re-open apart from employees. Previously annual receipts totalling 2,576,000 were yielding net profits of 592,000 baht. The total value of the assets to be acquired has been estimated at 1,100,000 baht but a much lower amount will secure the business due to the urgency of the sale. Asking price: 750,000 baht.

26th Floor Fortune Town BR, 1 Ratchadapisek Rd, 10400 Bangkok

Tel: 02-642-0213 Fax: 02-641-1995