Busy Bangkok Restaurant in Khaosan Road Area For Sale

Business description

Busy Bangkok Restaurant For Sale

Vegetarian, Vegan and Organic Health Food Restaurant

Location: Khaosan Road Area, Bangkok, Thailand

Price: $60,000 USD 40,000 EUR 2,000,000 THB Negotiable


Location, Location, 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 busy 18 hours per day, 365 days per year.

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 each 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. We are listed in printed travel guides including The Rough Guide, Nancy Chandler’s Tourist Map of Bangkok, internet sites such as www.HappyCow.net, www.VeganUnderground.com, various personal travelogues and reviews.

Strong Growth
The business has grown rapidly since a new partner/manager took over daily operations in November 2007. 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 year since 2007.

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 needs to be expanded and restructured to increase cooking capacity.

Room for Improvement
Although the business has already become a huge success and continues to grow rapidly we can readily see many areas for improvement such as expanding our menu with super-nutritious foods and raw foods to develop a reputation for having the healthiest food in Thailand. We could also sell a range of take-home health products such as natural soaps, essential oils, coconut oil products etc. as well as more health food items suitable for taking on the road. Our signage and street presence could be substantially improved. Extra signage above a shop on the main road has already been arranged but not yet built.

Natural Healing Therapies and Related Services
The business also contains an alternative healing center on the 2nd floor which has been mostly neglected. We have noticed that many health conscious vegetarians are wanting to receive alternative medical treatments, or are looking for preventative health services, or want to study meditation, yoga, Qi Gong, etc. This side of the business is calling out for development.

The business model can be expanded with other synergistic services such as travel agency services, selling meditation, yoga and personal development retreats on behalf of 3rd parties, and referrals to various alternative health services. Many customers have already requested these types of services.

Future Guesthouse
The upper 3 floors of the building could be converted to a guesthouse at some point in the future after the landlady relocates her family to a residential district.

Other business expansion ideas are in various stages of preparation.

Extendable Lease Available
The landlord is offering a 2 year renewable lease to the new owner. Monthly rent is 30,000 Baht for the first 2 floors of a 5 storey building. The 3 upper floors are currently occupied by the landlord’s family.

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.

Reason For Selling
One inactive financial partner wants to sell because he needs the cash to pay back a loan he has incurred in Australia and also he has no intention of returning to Thailand. The active resident partner would like to keep the business but does not have sufficient cash to buy out. The resident partner also feels the need to put more time and energy into other activities and move to a different location.

Rare Opportunity
It is increasingly difficult to find shops available for rent in the Khaosan Road area. Demand for real estate is high and the whole tourist district is expanding into adjacent areas. We are located within the heart of this bustling area with an advantage that the street is too narrow to accommodate car traffic which gives it a quieter and relaxing atmosphere which tourists love.

The sale price includes assets valued at around 350,000 Baht. Price is negotiable.

Property information

Real Estate:

Lease

Lease terms:

Extendable Lease Available

The landlord is offering a 2 year renewable lease to the new owner. Monthly rent is 30,000 Baht for the first 2 floors of a 5 storey building. The 3 upper floors are currently occupied by the landlord’s family.

Leasehold rent:

$10,800 per annum

Living accommodation:

The office upstairs could possibly 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 needs to be expanded and restructured to increase cooking capacity.


Room for Improvement
Although the business has already become a huge success and continues to grow rapidly we can readily see many areas for improvement such as expanding our menu with super-nutritious foods and raw foods to develop a reputation for having the healthiest food in Thailand. We could also sell a range of take-home health products such as natural soaps, essential oils, coconut oil products etc. as well as more health food items suitable for taking on the road. Our signage and street presence could be substantially improved. Extra signage above a shop on the main road has already been arranged but not yet built.

Natural Healing Therapies and Related Services
The business also contains an alternative healing center on the 2nd floor which has been mostly neglected. We have noticed that many health conscious vegetarians are wanting to receive alternative medical treatments, or are looking for preventative health services, or want to study meditation, yoga, Qi Gong, etc. This side of the business is calling out for development.

The business model can be expanded with other synergistic services such as travel agency services, selling meditation, yoga and personal development retreats on behalf of 3rd parties, and referrals to various alternative health services. Many customers have already requested these types of services.

Future Guesthouse
The upper 3 floors of the building could be converted to a guesthouse at some point in the future after the landlady relocates her family to a residential district.

Other business expansion ideas are in various stages of preparation.

Support & training:

Full support and information provided. We can provide details of our systems of management and onsite training for a period of 2 months.

Reasons for selling:

Reason For Selling One inactive financial partner wants to sell because he needs the cash to pay back a loan he has incurred in Australia and also he has no intention of returning to Thailand. The active resident partner would like to keep the business but does not have sufficient cash to buy out. The resident partner also feels the need to put more time and energy into other activities and move to a different location.

Trading hours:

7:00 AM to 12:00 PM midnight

Furniture / Fixtures value:

$9,500 (included in the asking price)

Inventory / Stock value:

$1,200 (included in the asking price)