Busy Bangkok Restaurant For Sale

Business description

Bangkok Restaurant For Sale

Vegetarian, Vegan and Organic Restaurant

Location: Khaosan Road Area, Bangkok, Thailand

Price: $38,500 USD

Great Location
Khaosan Road is the busiest tourist location in South East Asia being the major crossroad for millions of tourists traveling to destinations throughout the region. The Khaosan Road area is bustling 18 hours per day, 365 days per year – a truly amazing phenomenon.

Fantastic Market Access
The restaurant is situated just 2 minutes walk from Khaosan Road where 3 full-time staff distribute around 12,000 flyer adverts per month. This promotional activity attracts more than 1,600 new customers per month.

Established Reputation
The restaurant has built a reputation for making the best vegetarian and vegan food in the area. We are especially known for our extensive and eclectic menu offering food from around the globe in addition to a broad range of traditional Thai food.

Strong Growth
The business has grown rapidly since a new partner/manager took over daily operations in November last year. The new relaxing naturalist theme, subtle lighting, soulful world music, a new team of friendly and motivated staff, together with the promotion have proven to be a huge success. Sales growth has been around 50% per month and is now often reaching maximum capacity.

Room for Expansion
Much of the business improvement plan has still not been implemented such as expanding both kitchen and seating capacity. Much of our 2nd floor is available for this expansion. Some investment is needed to make a new kitchen on the 2nd floor to be used for food preparation and baking. This will free up space in the existing ground floor kitchen which can be expanded to increase cooking capacity.

The business also contains a small traditional Thai therapeutic massage centre on the 2nd floor which currently operates under 30% capacity. Massage sales growth can be driven by promotional materials targeting this sector together with increased staffing and refinements to the massage environment.

The business model can be expanded with synergistic services such as in-house alternative healing therapies and customer referrals to 3rd party health services. Many customers have already requested these types of services. Other business expansion ideas are in various stages of preparation.

Extendable Lease Available
The landlord is offering a long term lease to the new owner. Monthly rent is 30,000 Thai Baht for the first two floors of a five storey building. The 3 upper floors are currently occupied by the landlord’s family. These could become available in the long term.

Excellent Long Term Prospects
Long term business growth is expected to follow the growth in tourist accommodation capacity in the local vicinity as well as the overall growth in tourism to the region. Tourism statistics for Thailand are available on the Tourism Authority of Thailand’s website. Hotel development in the Khaosan Road area is relentless and trending up-market catering to more affluent tourists.

Too Much Business!
The current owners want to sell because both are occupied with other businesses. Neither partner has the time or energy required to drive the business to the next level.

Unique Opportunity
The sale price includes assets valued at 5,800 GBP.

Property information

Real Estate:

Lease

Lease terms:

Extendable Lease Available
The landlord is offering a long term lease to the new owner. Monthly rent is 30,000 Thai Baht for the first two floors of a five storey building. The 3 upper floors are currently occupied by the landlord’s family. These could become available in the long term.

Living accommodation:

The office upstairs could be used for basic accomodation.

Location:

Khaosan Road is the busiest tourist location in South East Asia being the major crossroad for millions of tourists traveling to destinations throughout the region. The Khaosan Road area is bustling 18 hours per day, 365 days per year – a truly amazing phenomenon.

Other information

Expansion potential:

Room for Expansion
Much of the business improvement plan has still not been implemented such as expanding both kitchen and seating capacity. Much of our 2nd floor is available for this expansion. Some investment is needed to make a new kitchen on the 2nd floor to be used for food preparation and baking. This will free up space in the existing ground floor kitchen which can be expanded to increase cooking capacity.

The business also contains a small traditional Thai therapeutic massage centre on the 2nd floor which currently operates under 30% capacity. Massage sales growth can be driven by promotional materials targeting this sector together with increased staffing and refinements to the massage environment.

The business model can be expanded with synergistic services such as in-house alternative healing therapies and customer referrals to 3rd party health services. Many customers have already requested these types of services. Other business expansion ideas are in various stages of preparation.

Support & training:

Full support and information provided.

Reasons for selling:

The current owners want to sell because both are occupied with other businesses. Neither partner has the time or energy required to drive the business to the next level.

Trading hours:

8:00 AM to 12:00 PM midnight

Furniture / Fixtures value:

$11,200

Inventory / Stock value:

$1,200

Contact the seller