Pizzeria

Pizzeria

Location: Pattaya

Listing ID# BKK14000

Price: 5,000,000THB

BUSINESS SUMMARY

(UPDATE! The asking price has been reduced from 5,800,000 baht to 5,000,000 baht. This is because the owner is eager to conclude a quick business transfer as he must urgently relocate to Phuket.) Imminent owner relocation forces the sale of this four year old Pattaya Pizzeria. The eatery contains seating for 70 customers, but there is ample room to increase this number to 100 or so. A good customer base has been built up within the expatriate community, but the restaurant is also popular with tourists, especially those staying in the 45 room hotel in which the pizzeria is located. Room service and local deliveries have also proved popular and have helped to boost the bottom line. Annual net profits of approximately 2,500,000 baht are currently being achieved; this is the amount left over after all overheads are deducted from receipts that total roughly 7,300,000 baht per annum.

Almost 6,000,000 baht was spent on renovations and assets preceding the commencement of trade, but the owner will accept less than this amount to achieve a speedy business transfer, as he is now eager to move on. The enterprise consists of a 100 square metre air-conditioned dining area, a 100 square metre garden, a 50 square metre cocktail lounge and a 65 square metre first floor apartment (this could be rented out for around 12,000 baht per month if required). Monthly rent of 26,000 baht is applicable, while salaries total 90,000 baht per month for 10 employees. Rent has been pre-paid until February 2011. A long six year lease agreement is in place, with no key money stipulation on renewal.

New asking price: 5,000,000 baht.