Exquisite Modern Restaurant, Central Bangkok
Listing No. 66-0829
- Business: Restaurant & Thai Registered Company
- Location: Bangkok
- Building: Double Shop-house 2 Floors
- Size: approximately 220m2 over 2 floors
- Features: This recently refurbished restaurant has been finished to a very high standard with over 8 million baht spent on the remodel. It is located in one of the most prime real estate areas of Bangkok, just across the road from Siam Paragon. The restaurant itself has seating for approx. 180 diners. There is a small terrace area outside which can seat approx. 24 patrons. As you enter the restaurant you are greeted by a long bar / service counter which currently displays an array of fine quality wines. Upstairs the dining area continues along with a balcony for alfresco diners. The recently re-fitted kitchen is located on the 2nd floor; it comes fully equipped with the latest appliances including upright stainless steel refrigeration units, freezer units, extractor fans and cooking hobs. There are 3 under the counter fridges and 1 upright wine chiller. All fixtures, fittings and appliances are included in this amazing price along with a 4 Million Baht Thai registered company.
- Potential: High end Thai, Japanese or Fusion Restaurant would work well in this location.
- Tenure: Leasehold3 years, 3 + 3 + 3 years renewable
- Staff: Currently 8 salaried staff, with a monthly payroll of 110,000 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: 280,000 Baht a month
- Utilities: About 22,000 Baht a month
- Security: N/A
- Car Parking: Limited customer car parking is available nearby
- Business Operational: Yes – same owner since 2014
- Transition: The owner will assist in transitioning the business for a short period after settlement, if required
- Reason for Selling: Relocation
- Revenue: About 700,000 – 950,000 baht a month
- Net Profit: About 200,000 – 300,000 baht a month
- Financials: May be made available to genuine buyers, only after inspection
- Asking Price: 5 Million baht
- Price Negotiable: Yes, near offers will be considered
- Security Deposit: 840,000 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 and upon signing a non-disclosure agreement.
- 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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