0417 Idyllic Beach Restaurant in Koh Phangan

Idyllic Beach Restaurant in Koh Phangan 

Listing No. 66-0417

 

•Business:  Restaurant

•Location:  Thong Sala, Koh Phangan

•Building:  Wooden Structure 2 Storeys

•Size:  approximately 250m2 over 2 levels 

•Features:  Dream location right on the beach, this teakwood building with its wooden deck flooring and round seating area outside on the beach along with the mood lighting both inside and out sets this restaurant up as a very quiet relaxing and romantic venue. Only 5 minutes’ walk from Thong Sala. The restaurant itself has seating for approx. 30 patrons and is quite often fully booked in advance. The owners are more than happy for the new buyers to retain the restaurant’s name which is great news as it has been rated the No.1 restaurant on Trip Adviser in Koh Phangan for alomost 3 years. Upstairs is a simple lay out of 3 rooms which could be used for owners or staff accommodation. Everything comes included in the price, so you could get up and running straight away without any additional costs.

•Potential:  Would recommend extended opening hours 7 days a week to increase revenue.

•Tenure:  Leasehold, 3 + 3  years renewable

•Staff:  Currently  5 – 8 salaried staff, with a monthly payroll of 60,000 – 90,000 Baht 

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

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

•Online:  N/A

•Rent:  20,000 baht a month ( 120,000 Baht paid every 6 Months)

•Utilities:  About 9,000 baht a month

•Security:  N/A

•Business Operational:  Yes – same owner since 2011

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

•Reason for Selling:  Relocation

•Financials:  May be made available to genuine Buyers, only after inspection

•Asking Price:  2.5 Million baht

•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:  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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