Italian Restaurant

[SunbeltAsiaAdvisor]

Italian Restaurant

Location: Bangkok

Listing ID# BKK14052

8,000,000THB

BUSINESS SUMMARY

This four year old Italian Restaurant is situated in the lobby area of a centrally located Bangkok hotel. The large establishment measures approximately 300 square metres, normally seats 60, but can accommodate up to 90 customers when needed with the introduction of extra tables and chairs. Monthly rent of 109,000 baht is payable on a renewable three year lease contract. Customer parking is never a problem as the hotel has numerous unrestricted parking spaces. Access if gained through the hotel lobby or directly from an entrance on the busy main road. The area is widely regarded as a tourist hub, and several of the city’s most prominent hotels are located in the neighbourhood.

Eleven full time employees are retained on salaries totalling 150,000 baht per month. The upscale restaurant is being offered complete with all assets, and these have been valued at 7,000,000 baht. In the last financial year receipts totalled around 9,700,000 baht despite the political troubles, and yielded net profits of roughly 2,100,000 baht after all expenses were accounted for. The previous 2 years of operations showed in receipts of over 13,000,000 baht for 2007 and a little less 2008, with profits totalling about 4,0000,000 per year. The owner is planning to relocate to Phuket, to open up a new restaurant; he will therefore part with this enterprise for a very attractive asking price that is roughly equivalent to asset value plus around six months earnings. An initial investment of just 5,000,000 baht will secure a business transfer however, with the balance payable over the ensuing year. Asking price: 8,000,000 baht.

[sunbelt][/sunbelt]