0704 Successful Small Restaurant in Sukhumvit Soi 23

Successful Small Restaurant in Sukhumvit Soi 23

Listing No. 66-0704

 

• Business:  Restaurant
• Location:  Sukhumvit, Soi 23, Sukhumvit, Bangkok
• Building:  ground floor only of a single shop-house on a main soi
• Size:  approximately 48m2
• Features:  Seating at the bar counter for 6 and at table and chairs for another 9.  The restaurant has CCTV, is air-conditioned and has a TV and floor fans.  Behind the bar is a cash register, espresso machine and an under-counter stainless steel fridge and sink.  There are 2 fridge/freezers outside the kitchen and the kitchen (about 6m2) is equipped with microwave, deep fat fryer, 3 electric burners (with range hood), sink, toaster oven and other kitchen equipment.  Outside the restaurant, there are 3 advertising light boxes.
• Options:  The current owner is selling up to move to a new and larger location in an effort to expand his business.  He has been very successful at this location and has developed a reasonable clientele for his cuisine.  A new owner may change the concept of the shop, but the current owner is willing to discuss use of his existing name, signage and recipes should the new owner want to continue trading as is.
• Tenure:  Sub Leasehold, 2 years renewable
• Staff:  Currently 4 salaried staff, with a monthly payroll of 48,000 baht
• Stock:  Stock remaining at time of settlement is included in the price
• Online:  The business has its own website and face book page.  If the new owner wishes to trade under the existing name a sharing and/or transfer arrangement is possible, but will be subject to negotiation with the current owner. 
• Rent:  40,000 baht a month
• Utilities:  About 8,300 baht a month (electricity is about 8,000 baht and water is fixed at 300 baht a month)
• Car Parking:  Limited customer car parking is available in the nearby soi’s
• Business Operational:  Yes – since December 2014, and prior to that in another location
• Transition:  The owner will assist in transitioning the business for a short period after settlement, if required.
• Reason for Selling:  Has become too popular and needs to move to larger premises
• Revenue:  between 150,000 and 180,000 baht a month
• Financials:  May be made available to genuine buyers, only after inspection
• Asking Price:  1.8 million baht
• Price Negotiable:  Yes, near offers will be considered
• Security Deposit:  80,000 baht paid at the time of settlement to the Lessee.  Subject to compliance with the rental agreement, refundable upon termination of sub lease agreement
• Key Money:  N/A
• Sale Terms:  10% deposit (to secure the business and remove it for sale) and the balance within 30 days.  Ownership does not transfer until payment has been received in full
• More Information:  Further details will only be provided after inspection
• Inspections:  24 hours’ notice is required to inspect this business.  Inspection times are between 1000 and 1700 Monday to Friday and between 1000 and 1300 Saturday.
• Agents:  No Agent inquiries please

 

 

 

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