0815 Delightful Little Italian Restaurant, Phra Khanong, Bangkok

Delightful Little Italian Restaurant, Phra Khanong, Bangkok

Listing No. 66-0815

 

•Business:  Restaurant & 2 Million Baht Thai registered Company

•Location:  Phra Khanong, Bangkok

•Building:  Single shop-house, ground floor

•Size:  approximately 70 m2 

•Features:  This charming little restaurant is situated on Sukhumvit Road, Phra Khanong. The restaurant has seating for approx. 20 diners inside and a smoking table outside. The décor inside gives it that true Italian family run restaurant feel. With plain brick walls finish, Italian art work and simple dark wood dining furniture. Everything you see in the restaurant comes included in the price, this includes all kitchen appliances, double upright fridge, 2 chest freezers, pizza oven, 3 hob cooker, sink unit, microwave etc. and all dining furniture, cooking utensils and wall mounted air con. 

•Potential:  Offer a delivery service and extended opening hours to increase revenue.

•Tenure:  Leasehold, 3 + 3 years renewable

•Staff:  Currently 4 salaried staff.

•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:  The business has its own face book page which may be transferred to the new owner if required

•Rent:  18,000 baht a month

•Utilities:  About 11,000 baht a month

•Business Operational:  Yes – same owner since 2015

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

•Reason for Selling:  Relocation & Retirement

•Revenue:  About 450,000 baht a month

•Net Profit:  About 200,000 baht a month

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

•Asking Price:  4.5 Million baht

•Price Negotiable:  Yes, near offers will be considered

•Security Deposit:  36,000 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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