Significant F&B/Entertainment Business in Luang Prabang, Laos PDR
Listing No. 856-0205
- Business: Bar and Restaurant
- Location: Luang Prabang, Laos PDR, at the foot of Phousy Mountain a sacred landmark in Luang Prabang and beside the beautiful Nam Kham River in the village area of Ban Aphay. Ban Aphay is the focal point of entertainment and nightlife in Luang Prabang – often called Bar Street
- Building: There are 2 venues. The bar and restaurant is in a street-side, ground level commercial building with inside and outside areas. The 2nd venue is in a bowling alley
- Size: Venue 1 is approximately 7,035 square feet (land), 4,441 square feet (operations area) and venue 2 is approximately 450 square feet
- Features First Venue: The bar and restaurant was established in 2002 and is a major local venue for tourists and locals alike. It seats around 120 in four dining environments (front and rear terraces, bar and indoor lounge area) and offers an international menu, pizza and what has become their trade mark cuisine – Smoked BBQ. Opens from 10am till 11.30pm daily (except for special parties and cultural events where times may be extended). Venue for the ETHNIK Fashion Show showcasing an amazing collection of traditional garments from 22 different ethnic groups of Laos and nearby regions. ETHNIK is presented on the bar’s three stages located in a beautiful garden setting. This show is consistently ranked in the Top 10 of TripAdvisors “Things to Do” in Luang Prabang, and is Ranked #1 by TripAdvisor for “Performances” in Luang Prabang. This show has been officially designated by the Lao PDR Department of Information, Culture and Tourism as a Cultural Attraction.
- Features Second Venue: This business is an eat-in and take away pizza restaurant located at the Luang Prabang Bowling Alley that opened in the summer of 2014. It is the only restaurant open in Luang Prabang past curfew until 2.30 am. The Luang Prabang Bowling Alley is famous amongst backpackers and other travelers and is invariably the last stop during a night of fun in Luang Prabang. This restaurant sells pizzas and chicken wings prepared using a unique recipe. Short working hours, high margin food items and excellent rental terms make this a perfect late night business to complement the main bar and restaurant.
- Tenure: Leasehold, till 2024 (renewable)
- Staff: Currently 9 salaried staff, with a monthly payroll of $US 800
- Licenses: Alcohol, music and fashion show 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 website and face book page which may be transferred to the new owner if required.
- Rent: $US 2,500 a month
- Utilities: $US 450 a month
- Car Parking: Street-side car parking is available nearby
- Business Operational: Yes – since 2002, and at the bowling alley since 2014
- Transition: The owner will assist in transitioning the business for a short period after settlement, if required.
- Reason for Selling: There are 3 partners and 1 partner is unable to relocate to Laos and 1 partner has another business interest
- Revenue: About $US 12,300 a month
- Net Profit: About $US 3,600 a month
- Financials: May be made available to genuine buyers, only after inspection
- Asking Price: $US 175,000
- Price Negotiable: Yes, near offers will be considered
- Security Deposit: N/A
- 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: An information sheet is available upon request to genuine buyers who are able to provide their name, phone number and direct email address. Further details, beyond the information sheet, will only be provided after inspection
- Inspections: 24 hours’ notice is required to inspect this business. Inspection times are between 1900 and 2100 Tuesday to Saturday
- Agents: No Agent inquiries please
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