Pub & Restaurant In Bangkok

Pub & Restaurant

Location: Bangkok

Listing ID# BKK14201

Price: 1,500,000THB

BUSINESS SUMMARY

An opportunity has arisen to acquire a pub & restaurant in a prime Sukhumvit location. The owner, a British national, currently operates the business alone and has found this to be too difficult due to language barriers and staffing problems. This pub & restaurant would be ideal for a husband and wife or couple as the business is located in a five storey townhouse with ample living space. Alternatively, some of the floors could be sub-leased as office space as an additional source of income. Another option would be to use the space as private function rooms or for other business activities, such as a spa etc. The owner current lives in the premises as well as the one member of staff. The premises was recently completely refurbished, with 1,200,000 Baht invested, and the business is surrounded by many condominium buildings with numerous expats. There is a new air conditioning system in the lounge and restaurant area and a large outdoor seating area for smokers and diners with two large flat screens televisions and surround sound. Inside the pub is a projector & large screen, with an additional four flat screens in the restaurant with UBC.

The business is also able to offer food as a fully equipped kitchen is located on the ground floor. A 3+3 year lease has been agreed with the Landlord for a monthly rent of 30,000 Baht, which considering the size of the property represents good value for money. There is currently one member of staff receiving a monthly salary of 8,000 Baht and a new owner can retain this employee should they wish. When establishing the business four years ago, the owner spent 2,500,000 Baht in renovation, furniture and equipment. Although the business is still open it is barely operational and can now be considered to be an asset sale. After a total investment of 3,700,000 Baht in the previous four years, the owner is seeking a partial return on investment to prompt a sale. The owner will be remaining in Bangkok after the sale and is willing to provide a handover and training period for the new owner.

Asking Price: 1,500,000 Baht

[sunbelt][/sunbelt]