0931 Exquisite Restaurant for Sale & Rent in Pattaya, Thailand

 

Exquisite Restaurant for Sale & Rent in Pattaya, Thailand

Listing No. 66-0931

 

•Business:  Restaurant

•Location:  Pattaya

•Building:  Concrete / Glazed Construction / Ground Floor

•Features:  Charming little European style restaurant situated near to South Pattaya Road and within 500m radius of the bustling Walking Street.  Small outside terrace with seating for 4 patrons. Inside there is dining room for approx. 28 customers along with high stool bar seating for 4 customers. At present there is a beautifully designed glass display cabinet for pastries & cakes. Behind the cabinet is the wall mounted bread counter. To the side we have the bar area with customer seating.

•Potential:  To open later in the evenings, improve the online presence via a website and social media channels.

•Tenure:  Leasehold, 3 years renewable

•Staff : Currently  6 salaried staff, with a monthly payroll of 63,000 baht

•Licenses:  Food & alcohol are current and come with the business

•Stock:  Stock remaining at time of settlement is included in the price

•Rent:  20,000 baht a month

•Utilities:  About  10,000 baht a month

•Car Parking:  Limited customer car parking is available in the nearby soi’s

•Business Operational:  Yes – same owner since 2005

•Transition:  The owner will assist in transitioning the business for a short period after settlement, if required

•Reason for Selling:  Other businesses 

•Revenue:  About 450,000 baht a month

•Net Profit:  About  100,000 baht a month

•Asking Price:  3 Million baht

•Price Negotiable:  Yes, near offers will be considered

•Security Deposit:  170,000 baht paid at the time of settlement to the Landlord.  Subject to compliance with the rental agreement, refundable upon termination of 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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