Upscale Turn-Key Restaurant With Real Estate For Sale

Business description

Modern European for sale on the tropical island of Koh Phangan, Thailand. This popular 30 seat restaurant is located on the south west coast of Phangan island set back 100 metres from the Hin Kong bay.

The tropically designed building is set in stunning grounds that total 1600 sqm. The restaurant seats 30 covers of which 18 are outside on a covered wooden terrace. Both the kitchen and restaurant are fitted out to high European standards and are fully equipped and stocked. On the opposite end of the building sits the two bedroom house with two bathrooms, western kitchen, office and living communal areas, all the areas are fully furnished.

The revenue generated from the first full year of business was 2,000,000 reciepts that gave a net profit of around 880,000 Baht, the island is seeing a massive amount of development as it switches toward the higher end of the tourism market.

The sale includes the real estate and the parent company of the restaurant which has been trading for the past four years. Also included in the sale is the owners 2005 Isuzu D-Max as they will re-locate to Europe for family matters.

The price has been recently reduced from 15,000,000 Thai Baht to just 13,000,000 Thai Baht but is still negotiatable.

Property information

Real Estate:

Real Property Included

Living accommodation:

Fully furnished Two bed, two bath, office, Kitchen, living area.

Location:

Prime location on the Haad Yao - Thongsala road set back 100 metres from Hin Kong Bay

Other information

Expansion potential:

The island is moving at a fast pace to cope with the demand and sees a steady increase in tourism year after year.

Competition / Market:

Phangan island's finest restaurant popular with tourists and residents, both Thai and western. This is the only restaurant of this type on the island.

Support & training:

One week handover period for training if required

Reasons for selling:

Return to Europe to take a prestigious position within an international hotel group and to be closer to family members

Trading hours:

18:00 - 23:00

Financing available:

No

Furniture / Fixtures value:

$50,000

Inventory / Stock value:

$15,000

Related documents:

• 
• Buyer Info Pack

Contact the seller

For more information about this business for sale, click the Contact Seller button.

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