855-0500 Brasserie du Port – Restaurant and Bar in Riverside Phnom Penh

Brasserie du Port – Restaurant and Bar in Riverside Phnom Penh

Listing No. 855-0500

 

•Business:  Restaurant and Bar with Upstairs Apartment

•Location:  Sisowath Quay, Riverside, Phnom Penh, Cambodia.  Ideally located on the corner of Sisowath and Street 84 in Riverside, opposite the old commercial port which is to become a new tourist port

•Building:  Corner shop-house building of 4 floors with ground level street access

•Size:  approximately 335m2 over 4 levels

•Features:  The ground floor is the bar and restaurant and kitchen, with 4 customer toilets.  The corner location gives it 14m of street window frontage.  All of the necessary restaurant, bar and kitchen equipment is in place and comes with the sale.  Upstairs is a fully renovated apartment of 4 bedrooms, bathroom and toilet, a double living room and terrace overlooking the river.  Also upstairs are additional bathrooms and toilets and a laundry room. 

•Options:  This business is being sold with a company structure.  100% of the company shares will be transferred to the new owner upon receipt of payment.

•Tenure:  Leasehold, there are TWO leases.  Lease A is current and is due for renewal on 1 January 2030 and Lease B is current and is due for renewal on 1 February 2023.  Lease A is for part of the downstairs restaurant and the three floors above (about 280m2) and Lease B is for part of the downstairs restaurant (about 55m2).

•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.  Favorably rated in Trip Advisor in the top 8% of Restaurants in Phnom Penh

•Rent:  Lease A to 31 December 2015 $US 1,000 a month, then $US 1,200 a month till 31 December 2020, then $US 1,800 a month till 31 December 2030.  Lease B is $US 600 a month till 31 January 2016, then $US 700 a month till 31 January 2019, then $US 800 a month till 31 January 2023.

•Car Parking:  Customer car parking is available in the nearby streets

•Business Operational:  Yes

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

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

•Asking Price:  $US 300,000

•Price Negotiable:  Yes, near offers will be considered

•Security Deposit:  $US 10,200 paid at the time of settlement to the Landlord.  Subject to compliance with the rental agreement, refundable upon termination of lease agreement

•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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