5114 Restaurant in Patong Hotel for Sale and Rent

Restaurant in Patong Hotel for Sale and Rent

Listing No. 66-5114

 

•Business:  Restaurant

•Location:  Patong, Phuket, Thailand

•Features:  Seating capacity is 50 to 70.  Currently serves Indian and Thai cuisine.

•Tenure:  Leasehold, 3 years renewable

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

•Rent:  80,000 baht a month

•Utilities:  About BBB baht a month

•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:  1 Million Baht

•Price Negotiable:  Yes, near offers will be considered

•Security Deposit:  240,000 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:  20% 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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