Beach Front Bar Restaurant In Patong For Sale

Business description

Restaurant boast a very large beach section where customers can eat feet in the sand (14 tables x 4pp) and a very large indoor section, opened both sides with another set of 10 tables still giving the feel of being outside.
The bar also has a small air conditioned indoor section, with a complete bar, ice cream machine, BonCafe coffee machine, till and Internet cafe section with two computers. This section connects to an outdoor bar tendering set allowing sale of drinks indoors or outdoors directly on the beach. The back of the bar features a large Kitchen and storage totally seperate from the rest for customer piece of mind. There has been a 4.5M baths investment to bring the bar to its current state (complete electrics, water system, air con, new machines, new kitchen, new seating and tables sets...). It is ready for the 2010/2011 high season with no repair or modification necessary and a complete team of 12 staff. The rent has been paid for the complete year until July 2011. The ground rent is payable directly to the owner on a 1 year rolling contract. Most businesses on this land have been running for 20+ years so this is a stable contract.

The bar is expected to generate between 7Million bahts and 10Millions bath turn over this year after having undergone the last set of improvements opening the complete indoor section to the beach. The sale is due to personal reasons unrelated to the success or quality of the place.

Business to take over quickly.

Property information

Real Estate:

Lease

Location:

Patong Beach