University Bar And Grill

University Bar and Grill

Location: Bangkok

Listing ID# BKK13725

Price: 6,000,000THB

BUSINESS SUMMARY

This large Bangkok Bar and Grill was only established 1 year ago, but personal circumstances now force the owner to consider a sale. A long lease contract has been negotiated, and this runs, with contract extensions, until 2017. Monthly rent of 49,000 baht is applicable, but no rent increases are stipulated during the term of the eight year lease. Approximately 4,000,000 baht was spent on assets and leasehold improvements, and everything is still as new. The building was completely renovated; the wiring and plumbing systems were both revamped and top end assets were installed. The kitchen now features a charcoal grill and professional stainless steel fixtures and equipment. Consisting of two double shop houses with five floors, the large property features two bar areas, a restaurant, pool tables, six apartments and a rooftop area. A well attended university sits nearby and the area is regarded as a nightlife zone. Three full time employees and a part time worker have been employed and the business is fully operational. A registered company can be acquired if desired. The owner will introduce the investor to all suppliers to guarantee a smooth transition. Asking price: 6,000,000 baht.

[sunbelt][/sunbelt]