0018 Lovely Restaurant near Victory Monument, Bangkok

 

Lovely Restaurant near Victory Monument, Bangkok

Listing No. 66-0018

 

• Business:  Cafe’ and Restaurant
• Location:  Phayathai, Bangkok, Thailand. Close to Victory Monument
• Building:  Retail space in shopping mall.  Ground level
• Size:  approximately 105m2
• Features:  With seating inside for around 45 to 60 people including the VIP section and in a prominent ground floor location, this restaurant presents very well.  Currently serving Thai, Western and Fusion Food. The décor is neutral enough to loan itself to many restaurant styles.  Open for lunch and dinner, the restaurant is very well appointed with the water features at the front to make customer feel relaxed. The kitchen is located at the rear of the restaurant and is fully equipped. This is the only restaurant in the shopping mall that has an exclusive agreement with the local hospital that entitles its clientele to get a discount.In front of the mall there is a condo construction due to be completed in 2017 so therefore bringing an increase of footfall into the mall.The asking price is included the restaurant’s recipe.
• Options:  The business is operated within a 1 million baht Thai Limited company, which may be transferred to the new owner if required.
• Tenure:  Leasehold, 3 years renewable (3+3 – contract began September 2015)
• Staff:  Currently  5 salaried staff, with a monthly payroll of 80,000 baht
• Licenses:  alcohol license is 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 which may be transferred to the new owner if required
• Rent:  78,750 baht a month until Sep 2016, 84,000 baht a month until Sep 2017 and 89,250 baht a month until Sep 2018
• Utilities:  About  20,000 baht a month
• Car Parking:  Customer car parking is available in the Shopping Mall car park
• Business Operational:  Yes – operated since September 2015
• Transition:  The owner will assist in transitioning the business for a short period after settlement, if required
• Reason for Selling:   The owner doesn’t have enough time to look after this business
• Revenue:  Unknown
• Net Profit:  Unknown
• Financials:  The restaurant has recently opened so no financials available yet
• Asking Price:  3 Million baht
• Price Negotiable:  Yes, near offers will be considered
• Security Deposit:  357,000 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
• Agents:  No Agent inquiries please

 

 

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