Ploenchit Japanese Restaurant For Sale

Business description

Located in a Bangkok shopping and office complex in lower Sukhumvit Road, this elegant Japanese Restaurant was established around five years ago at a cost of approximately 4,000,000 Baht. The owner has found that he has never really had the time to devote to the day to day running of the business, and net profits have been consequently modest, even though receipts have been high. During the last financial year receipts of approximately 4,200,000 Baht only yielded net profits of around 360,000 Baht after the deduction of all expenses; monthly rent of 100,000 Baht is payable and salaries total 80,000 Baht per month for eight full time employees. After food and beverage costs are taken into account, along with utility bills, profits of only around 30,000 Baht per month are left. The owner has therefore chosen to set an asking price that equates to asset value. Large premises measuring 126 square meters have been secured on a nine year lease contract (three years, renewable twice), and the restaurant has built up a good reputation for the quality of the service, the range of the menu and the sophisticated atmosphere. Asking price: 3,900,000 Baht.

Property information

Real Estate:

Lease

Lease terms:

This property is currently under a three year year lease with two options of three years each to follow.

Other information

Furniture / Fixtures value:

$125,000

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