European Restaurant In Koh Samui Thailand For Sale

Business description

European restaurant for sale in Koh Samui, Thailand. Situated in the north east region of the island the restaurant is located in the center of the beach road in Choeng Mon. The area has undergone extensive development with two new 5 star villa resorts (Dusit D2 and Muang Samui) to be opened in the next 12 months, and is now one of the most popular holiday locations on the island due to relaxed nature of the area and the pristine beach which is located 200m from the restaurant

The prominent location of the restaurant and the fact that it is the only Italian/western eating establishment in the area has produced excellent financial returns in the 2 years the business has been in operation. The premises are a three storey building with the restaurant seating 24, a fully fitted kitchen on the second level and owner’s accommodation on the third. Annual revenues are approximately 2,500,000 bht are producing a net profit of approximately 800,000 bht per annum with an increase in revenue to be expected upon completion of the new developments. There are 3 years remaining on the current lease with an option to renew at the end of this term for a further 5 years. The asking price is a reflection of the owner’s motivation to sell due to the need to relocate to Europe for family reasons.

Property information

Real Estate:

Lease

Lease terms:

3 years remaining on current lease with option to renew for a further 5 years

Living accommodation:

Top floor two bedroom apartment included in the restaurant building

Location:

Prime location on the beach road in the center of Choeng Mon.

Other information

Expansion potential:

New resorts and villa developments planned for the area two of which are currently under construction.

Competition / Market:

Only Italian restaurant in the area. Popular with both residents and tourists. No other western style eating establishments in the vicinity.

Support & training:

Management hand over available

Reasons for selling:

rellocation of family back to Italy

Trading hours:

12pm- 11pm

Furniture / Fixtures value:

$25,000

Inventory / Stock value:

$1,000

Contact the seller

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