Restaurant and Bar

Location: Pattaya

Listing ID# BKK14028

Price: 1,600,000THB

BUSINESS SUMMARY

This Pattaya Restaurant and Bar has operated for the last 20 years, but the current owner, who has been in charge for the last two, is now looking to move on to start up an unrelated business venture in another area of the country. The restaurant is located poolside in a large condominium complex with over 1,650 apartments. A ready-made customer base is therefore always on hand, and this helps the business to generate annual net profits that average roughly 1,400,000 baht. This is the amount left over after overheads are deducted from receipts that normally total in the vicinity of 2,300,000 baht each year.

The owner is keen to conclude a business transfer, and has accordingly set an attractive asking price that is less than annual earnings and asset value combined. Monthly rent of 25,500 baht is applicable, and the staff, three full time workers and one part time employee, earn between 10,000 baht and 15,000 baht per month depending on season. Asking price: 1,600,000 baht.

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whick part of pattaya? pls email me more details thanks