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Profitable Restaurant Est 1999 For Sale

Koh Phangan, Surat Thani
Asking Price:
Under $100K (USD) Furniture / Fixtures included
Sales Revenue:
Available on request
Cash Flow:
Available on request

This restaurant has never been on the market before ,The owner started it in 1999 rather than go home to the uk. It's been in profit ever since.Its located on the busiest walking street on koh pan gan ,with many 1000 of walking trade . with taking over 80,000 baht a day around full moon times for many many years .

seating over 100 people in sofas and low Thai style tables . its a lounge bar come late night cinema .firmly established as the towns busiest restaurant for many years this is a great opportunity to buy a truly well established business.
we actually have 3 separate place to sell either as a package or individually .
we would be open to a buy in from a chef or a takeover without any restrictions .
The price is negotiable

The owner now has to return to the uk to take care of elderly father with alzhiemers and to send my 3 children to a british schools.

Property information

Real Estate:

Lease

Lease Terms:

Been renewing the lease every 3 years for 17 years ,would be no problem to have a 10 year lease

Leasehold Rent:

$8,600 (USD) per annum

Living Accommodation:

N/A

Location:

Prime roads side with 1000s of walking traffic in the busy town of haad rin famous for the fullmoon party. the restaurant is a stand alone business . it not in a mall or any other food court

Premises Details:

the restaurant is a stand alone business . it not in a mall or any other food court

Size in square feet:
300 +sqm
Planning Consent:

Its Thailand ...... money gets anything here through planning

Business Operation

Expansion Potential:

could knock it down and build a 4 floor guesthouse with the restaurant on the ground floor.
could open 24 hours a day

Competition / Market:

Its been the busiest restaurant in haad rin for man many years

Reasons for selling:

My family has grown very large and there are no schools here for me eldest child . also my father has been living with us here since the death of my mother and he has alzhiemers and its started to advance and i would like to get us all back to the uk for schools and for health care for my Father

Trading hours:

10 am to midnight

Employees:
5 or more depending on the season
Years established:
17 years

Other Information

Support & training:

will give any help anyone needs

Furniture / Fixtures value:
$70,000 (USD) - included in the asking price
Inventory / Stock value:
$3,000 (USD)

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