0936 Exclusive Upscale Restaurant and Cocktail Lounge in Pattaya

Exclusive Upscale Restaurant and Cocktail Lounge in Pattaya

Listing No. 66-0936

 

•Business:  Restaurant and Cocktail Bar

•Location:  Pattaya, Thailand

•Building:  Single Floor, Retail Space (second level)

•Size:  200m2 on one level

•Features:  Large restaurant, with comfortable seating for 65.  It has an extremely pleasing design created by international architects.  A unique concept, with high-end furnishings and materials used throughout.  This recent patron summed it up online as follows:  “This is a very cool spot on the second level of a private building …  (It) has a great selection of hip and trendy cocktails as well as a nice & delicious selection of tapas for noshing.  It’s decor is "vintage" contemporary with a live DJ spinning music selections with a great dance beat.  A fun place for after work or dinner entertaining and worth your time to pay a visit”.  Being only reasonably new, there is potential to gear up marketing efforts to increase revenue.

•Options:  This business is owned and leased in a Thai Limited Liability Company (4 million baht), which may be transferred to the new owner if required

•Tenure:  Leasehold, 3 years renewable (3+3+3)

•Staff:  currently 5 staff, with a combined monthly payroll of 85,000 baht

•Licenses:  Food, Alcohol, Tobacco and Music Licenses are current and are provided in the sale

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

•Online:  The restaurant has its own professional website and Face Book page (4,000+ followers).  Rated in Trip Advisor in the top 3% of “Restaurants in Pattaya”.

•Rent:  100,000 baht a month

•Utilities:  About 25,000 baht a month

•Car Parking:  Customer car parking for about 10 cars nearby

•Business Operational:  Yes – since December 2014

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

•Reason for Selling:  Partner returning to the UK

•Revenue:  About 200,000 baht a month

•Net Profit:  About 60,000 baht a month

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

•Asking Price:  6.5 Million Baht

•Price Negotiable:  Yes, near offers will be considered

•Security Deposit:  250,000 baht already lodged with the landlord and not required to be paid by the buyer if buying the business with company.  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 1800 and 1900 Tuesday to Sunday

•Agents:  No Agent inquiries please

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