Popular Phuket Bar And Restaurant Available

A popular Bar and Restaurant located near the prime beach area of Phuket is now available for sale. The business covers 32 sqm and serves brunch, lunch and dinner with late night cocktails and drinks daily from 12 p.m. to midnight The outdoor dining and bar space measures 8 sqm plus a further expansion of 12 sqm is available. The restaurant is newly renovated, with all new refrigerators, fans and WiFi, plus a good-sized fully air conditioning kitchen. The restaurant caters to both Thai and European tourists as well as residents.

The business has one full time employee with a monthly salary of 10,000 Baht and the rent is 45,000 Baht per month with a yearly low key money of 150,000 Baht for one of the best locations in the area.

The lease contract expires in 2013, but a 1+1 year renewal option is available. Also the landlord is willing to renew the contract for longer period. All licenses (Music, Alcohol etc.) have been arranged and paid for. The total value of the assets is estimated at 850,000 Baht. The company is eligible for one work permit as well

The owner is returning to his home country and so is selling the business.

ASKING PRICE: 2.5 million Baht

BKK14439