Italian Thai Restaurant For Sale

Business description

EBT1016-Situated in a very highly visible and high-traffic location in the Silom area of Bangkok, this 7 year old 90 seat Bangkok Italian and Thai restaurant enjoys excellent trade, even though the owner lives abroad for the majority of the year. Even with very hands off management from the foreign owner, the restaurant has been set up in such a way that quality is maintained and customers are satisfied as well as food costs and expenses remain within normal ranges for this type of business. Many of the 20 staff have been with the restaurant since its opening, most importantly, nearly all of the kitchen staff. Currently only serving in the evenings, the restaurant had total revenue in 2007 of upwards of 10,000,000 Baht and after all expenses including payroll of 150,000 per month, reasonable rental of 130,000 Baht a month for the 180 sq. meter premises, and utilities the business showed a net profit of over 2,000,000 Baht. Because of the amount of office workers and walk-by traffic during the day time, the owner says that opening for lunch would be a sure way to add additional revenue and profit to the business, however, as he lives overseas and does not work in the business day-to-day, he has not yet implemented the lunch menu, even though he has created it. As the owner feels that this profitable business has been enjoyable and rewarding for him, he now feels it is time to pass it on to a new owner who can realize even more benefit from it by actively managing it. Because of this, he is offering the business for less than 2 times annual earnings and will accept 3,500,000 Baht to transfer full ownership. This is a rare opportunity to have a very well set-up and profitable Bangkok restaurant with the potential for increased earnings and a very quick return on investment. Interested parties are urged to register their interest with Elite Business Group at their earliest convenience.

Property information

Real Estate:

Real Property Included

Other information

Reasons for selling:

Owner lives outside of country. Absentee.

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