Italian Restaurant For Sale

Business description

EBT1006-An established and well known Italian restaurant has recently become available due to the owners involvement in a number of other businesses across the Kingdom. Established nearly a decade ago, the restaurant serves pizza, pasta, and other Italian favorites to Thais, expats, and tourists alike due to the excellent Sukhumvit location. Housed in a quaint and beautifully renovated Thai house, the 250 sq meter premises can seat 120 diners in both indoor dining rooms and comfortable outdoor patios looking over a peaceful garden. Considering what condo and home rentals go for in this area, the monthly rental of 85,000 Baht is highly reasonable and the lease is extendable to at least 2011. As an added bonus, a new owner could even live on premises as there is a second level that would be suitable for a small city apartment. Currently operating with both Thai and foreign management, the restaurant brings in revenues of 13,000,000 Baht annually and the owner realizes net profits of 4,500,000 Baht after payment of all expenses, including the payroll of 160,000 Baht for the 19 staff. As the owner is looking to divest this well run business quickly, he is asking a very fair 8,500,000 Baht, or just less than two years earnings, which means a new owner could see a return on investment of over 50%. Contact Elite Business Group today to learn more about this excellent Thai business for sale.

Property information

Location:

BKK

Other information

Reasons for selling:

Concentrate on one restaurant in BKK/Phuket

Contact the seller