Koh Tao Tropical Restaurant

[SunbeltAsiaAdvisor]

Koh Tao Tropical Restaurant

Listing ID# BKK13762

9,000,000THB

BUSINESS SUMMARY

Profitable since the second year of trade, this Koh Tao Restaurant has been lucrative ever since. Roughly 8,000,000 baht has been invested; the existing structure has been completely renovated while a garden dining area has been constructed. A very good worldwide reputation has been built up and positive reviews have been printed in several leading guidebooks. During the high season it can often take a three day wait for a customer to reserve a table. The owners feel that the quality of food, beverage and service is second to none and that a unique ambiance has been provided; they take a very hands-off approach to the endeavour these days as expert chefs and employees that have been in place for three years can be trusted to perform their duties to a high standard.

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

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

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A potential opportunity has arisen for the owners to move on to another exciting project, but they are in no hurry to leave, and have set a two year time limit on selling the restaurant, such has been the enjoyment the project has provided so far. Lifestyle should be the primary motivation for prospective investors, the owners feel, and the restaurant would therefore suit a retiree looking to enjoy the good life, a young chef who’s saved enough money to start out on his own or a couple looking for a quality first family venture. In short, the restaurant is a dinner only, high-end, fine dining venue catering to a mainly 30 something crowd of European (predominantly Scandinavian) clientele. There are only two really low months, in May and November. Being a seasonal business most of the cash flow is earned during the high season, however the restaurant is open and profitable all year round.

Annual gross sales have averaged 8,800,000 baht over the last three years. The main overheads, after food and beverage costs and utility bills are taken into account, are rent payable annually in advance (450,000 baht per annum) and salaries that normally total between 70,000 baht and 80,000 baht per month (10 full time employees are supplemented by part time workers as the season demands). Annual net profits normally come in at around 2,200,000 baht.

The three storey stand alone property sits at a prime high foot traffic intersection at the busiest beach on the island. Delivery friendly, the property features a street level dining area, a bar, a lounge, a private dining room, an al fresco garden dining area, a split level wooden dining deck overlooking the garden, a fully equipped garden grill kitchen, a professional indoor kitchen and climate controlled wine storage. The inventory of stock is normally worth between 300,000 and 500,000 baht. Asking price: 9,000,000 baht.