0742 Loft Style Café and Restaurant for Sale and Rent in Thong Lor

 

Loft Style Café and Restaurant for Sale and Rent in Thong Lor

Listing No. 66-0742

 

 

• Business:  Café and Restaurant
• Location:  Soi Thong Lor, Thong Lor, Bangkok, Thailand
• Building:  brick and concrete structure,  ground floor only
• Size:  approximately 346 m2 included terrace and manager’s office
• Features:  This café and restaurant is situated in a heart of Thong Lor. It is only 5 minutes’ walking distance from J Avenue, a well-known avenue in Thong Lor. This is a large venue; there is a terrace area at the front with 14 chairs and a few tables. Inside there are seating for 6 patrons which is opposite the coffee section, the seating in the main restaurant area can accommodate about  70 people (comfortably) and in addition the lounge seating at the rear of the restaurant is ideally suited as a VIP area. Opposite the coffee section is the bakery section producing freshly baked goods every day.  Behind is a kitchen which is fully equipped. There is also a manager’s office and staff area (total 40m2) at the rear of the restaurant with security door access and also the CCTV can be viewed from here. Currently the restaurant serves breakfast, lunch and dinner with a very tempting fusion menu. But the landlord does not allow selling alcohol. The restaurant is also situated near the high-end furniture shop which very popular with high-so and celebrity clientele, opposite the restaurant is a serviced apartment.
• Options:  The business is operated within a 10 million baht Thai Limited company, which may be transferred to the new owner if required
• Tenure:  Leasehold, 3 years renewable
• Staff:  Currently 7 salaried staff, with a monthly payroll of 150,000 baht, and Part-time staff to be paid daily
• Licenses:  Food license is current and supplied with the business
• Stock:  Stock remaining at time of settlement is included in the price
• Online:  The business has its own face book page (4,500 likes)which may be transferred to the new owner if required
• Rent:  150,000 baht a month including the services
• Utilities:  About 20,000 baht a month
• Security:  N/A
• Car Parking:  customer car parking is available for 6 at the parking lot and also at the front of the restaurant
• Business Operational:  Yes – same owner since Jan 2015
• Transition:  The owner will assist in transitioning the business for a short period after settlement, if required
• Reason for Selling:  Family Issue
• Revenue:  About  600,000 baht a month
• Net Profit:  About  50,000 to 100,000 baht a month
• Financials:  May be made available to genuine buyers, only after inspection
• Asking Price:  6 Million baht
• Price Negotiable:  Yes, near offers will be considered
• Security Deposit:  450,000 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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