5151 Beautiful and Successful Themed Restaurant in Patong, Phuket

Beautiful and Successful Themed Restaurant in Patong, Phuket

Listing No. 99-5151

 

•Business:  Restaurant

•Location:  Patong, Phuket, Thailand

•Building:  Retail Shop facing a main street

•Size:  approximately 80m2

•Features:  A single level restaurant with well equipped kitchen and two bathrooms serving modern Arabian and Indian Cuisines.  Has seating for 42 with a middle-eastern themed décor.

•Tenure:  Leasehold, 3 years renewable (balance of current lease, then 3+3)

•Staff:  Currently 6 salaried staff, with a monthly payroll of 85,000 baht

•Licenses:  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 sub-website (hosted with phuketdir.com) and face book page (2,900+ Likes) which may be transferred to the new owner if required.  It also features favorably in Trip Advisor being rated in the top 5% of restaurants in Patong.  Here is what one of the 169 Trip Advisor reviewers said “Indian, Arabic and Thai food, all really good! Good atmosphere and a lovely staff! Good vegetarian food too! Cool interior, and in one of Patongs quiet streets, close to the beach”

•Rent:  75,000 baht a month (paid quarterly in advance)

•Utilities:  About 20,000 baht a month

•Car Parking:  Customer car parking is available in the nearby soi’s

•Business Operational:  Yes – same owner since 2013

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

•Reason for Selling:  Owner has other business interests

•Net Profit:  About 50,000 baht a month

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

•Asking Price:  3 Million Baht

•Price Negotiable:  Yes, near offers will be considered

•Security Deposit:  150,000 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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