0705 45% Share in Shopping Mall 70-Seat Vietnamese Restaurant in Asoke

45% Share in Shopping Mall 70-Seat Vietnamese Restaurant in Asoke

Listing No. 66-0705

 

• Business:  Restaurant
• Location:  Sukhumvit Soi 21, Asoke, Bangkok
• Building:  Retail Space in a major Shopping Mall facing Sukhumvit Soi 21, 2^nd floor
• Size:  approximately 168m2 in the main dining room, kitchen and outside table seating
• Features:  The restaurant is large, modern and well-furnished and equipped.  Currently trading from 9am till 8pm, the main dining room and outside section of the restaurant seat 70.  There is CCTV, WIFI, a reception counter and drinks bar in the main dining room.  Purchase of the 45% share will be by way of transfer of Company shares, or Consortium Agreement.
• Potential:  The location of this restaurant is close to many city offices and condos.  The current partner is looking at utilizing this potential market by way of a delivery service, and believes current sales could rise from around 275,000 baht to around 700,000 baht a month.
• Tenure:  Leasehold, 3 years renewable (commenced in January 2015)
• Staff:  Currently 10 salaried staff, with a monthly payroll of 160,000 baht
• Licenses:  Food, Alcohol and tobacco licenses are current and come with the business
• Stock:  Stock remaining at time of settlement is included in the price
• Rent:  124,000 baht a month
• Utilities:  between 10,000 baht and 15,000 baht a month (electricity, water and gas)
• Car Parking:  Car parking is available in the Mall
• Business Operational:  Yes – opened February 2015
• Transition:  The current partner intends to remain active in the business and will assist the new partner with their transition into the new venture.
• Reason for Selling:  Partner moved overseas, current partner needs active partner to assist.
• Revenue:  250,000 to 300,000 baht a month
• Financials:  May be made available to genuine buyers, but may only be inspected on the premises
• Asking Price:  3.6 million baht
• Price Negotiable:  Yes, near offers will be considered
• Security Deposit:  The current partner has already lodged a Security deposit with the landlord.  No further security deposit is required
• Key Money:  N/A
• Sale Terms:  10% deposit (to secure the business and remove it for sale) and the balance within 30 days.  Ownership of the shares 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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