High End Pattaya Restaurant & Bar For Sale

Business description

Manhattans Restaurant & Bar was established in September 2006. This high end establishment is beautifully furbished with no expense spared in all areas of design and serviceability. Offering a superb menu including Angus steaks, seafood and other unique international dishes.

Property information

Real Estate:

Lease

Lease terms:

There are 13 years remaining on the lease. Landlord is prepared to continue or sign new lease. Freehold also available for purchase.

Location:

Road side on the main route from Pattaya to Jomtien

Other information

Expansion potential:

Pattaya/Jomtien has changed enormously in the past ten years and is attracting a far more sophisticated and affluent tourist and expat. There are a large number of exceptionally high-end properties in Jomtien and beyond, completed and sold out and others underway registering high sales.
Thus, Manhattans is in an ideal location to attract these high-end customers. Most expats, even those that enjoy the nightlife of central Pattaya, prefer to live out of town.
Amongst many ideas that have already been put into operation other possible potentials include utilizing kitchen space and availability to offer outside catering/bakery services, using the weekly closed day(Monday) to organize private dinner parties/networking events and becoming more active with charity fund raising evenings, wine dinners and tasting etc. For further info please view attached files.

Competition / Market:

In terms of quality restaurants, two of Manhattans competitors,are based in Pattaya, where heavy traffic can sometimes be a deterrent.One is a modern international hotel restaurant boasting approximately 200 covers. The other is an independent international restaurant open for lunch and dinner. Locally, there are only two main restaurants. Both serving international cuisine, with approximately 60 covers.

Support & training:

The business is being sold as a going concern and key members of staff, that have been trained in every aspect of the operation, shall remain employed.

Reasons for selling:

One partner is relocating back to the UK and other partner does not have sufficient time to continue running the operation alone due to other ongoing businesses.

Trading hours:

Dinner 5pm-10.30pm / Wine bar closes 1am

Inventory / Stock value:

$30,000 (included in the asking price)

Related documents:

• 
• Intro

• 
• Market analysis