Sathorn Area Restaurant For Sale

This cozy Restaurant has been trading on this location for over seven years as the current owner operating it for now one year decided to place it on the market due to his potential relocation for employment overseas.

Located in the Sathorn / Rama3 area of Bangkok, the venture is placed in the ground floor of a hotel and serviced apartment which ensures a constant stream of revenue through from guests, room service, and breakfasts sets. The enterprise provides a unique taste of European and Asian fusion Food in pleasant surroundings; diners have the choice of eating in air-conditioned comfort featuring private alcoves, or on terraces in a relaxing setting overlooking the hotel swimming pool.

The property has been secured on a rolling yearly lease with floor space including a large terrace measuring 240 square meters, for which rental terms of 25,000 baht per month being applicable. The lease terms include accommodations for the owners in the serviced apartment as well, which could also be used as home for a manager. Other overheads include water and electrics which average 10,000 baht per month and the payroll of 59,000 baht for one part time and four full time well qualified employees.

Assets to be included in the sale have been valued at 1,100,000 baht, and there is an inventory of stock to acquire that is normally worth around 35,000 baht. Receipts usually run of the mill of 190,000 per month, with net profits of roughly 40,000 baht per month averaging out. The venture is offered with a fully licensed Thai Limited Company with enough capital to sustain a Work Permit.

Asking price: 3,000,000 baht.

BKK14336

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