0810 Modern Restaurant with Seating for 30 near Si Phraya Pier, Bangkok

Modern Restaurant with Seating for 30 near Si Phraya Pier, Bangkok

Listing No. 66-0810

 

• Business:  Restaurant and Cafe
• Location:  Bangrak, Bangkok
• Building:  Ground floor only, retail shop
• Size:  approximately 140m2 on the ground level
• Features:  This modern and appealing design restaurant (seating for 22 comfortably, but could be a lot more) has great street exposure and is situated between Silom and China Town, only 2 minutes’ walk to the Sri Phraya Pier.  It has direct access to a hotel lobby and has an exclusive contract with a nearby hostel of 120 beds.  There is Point of Sale (POS), a stereo, internet connection and is fully furnished.  The kitchen is well-equipped with coffee machine, grinder, glass-front fridge, freezer, juicer, grill, burners, etc.  Most of the equipment is near new.
• Options:  This restaurant is owned and leased in a 2 million baht Thai limited company, which may be transferred to the new owner if required
• Potential:  The current owners could not devote a lot of time to marketing and feel that the business could be improved upon with more promotion and marketing within the local area
• Tenure:  Sub Leasehold, 3 years renewable (3+3+3) – commenced January 2015
• Staff:  Currently 3 salaried staff, with a monthly payroll of 40,000 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
• Online:  The business has its own face book page (600+ Likes) and website co-hosted on a food website, which may be transferred to the new owner if required. 
• Rent:  50,000 baht a month
• Utilities:  About 30,000 baht a month
• Car Parking:  Car parking is available in front of the restaurant 24/7 for 10 baht an hour
• Business Operational:  Yes – commenced January 2015
• Transition:  The owners will assist in transitioning the business for a short period after settlement, if required.
• Reason for Selling:  One of the partners has had to return to France
• Revenue:  About 300,000 baht a month
• Net Profit:  between 40,000 and 50,000 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:  150,000 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.
• Agents:  No Agent inquiries please

 

 

 

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