Sucessful Phuket Bar & Restaurant For Sale

Business description

One of the owners of this successful Phuket Restaurant/Bakery/Bar have recently decided to relocate for the betterment of his son’s education. The other owner has an import business and no longer has the time to run the restaurant as he likes it. This means the enterprise is being offered on very attractive terms. The restaurant is located in an excellent location on the main road in the upscale Laguna area of the northern part of Phuket. The restaurant is surrounded by the large hotels in the Laguna area as well as many luxury villas so the clientele is quite affluent. This restaurant was mentioned in many publications such as the LUXE guide and is a well known brand in the area. The business was started in 2005 and enjoys a good reputation for quality food and products. The total size is 154 square meters and features a bar with seating for 10 and the restaurant has seating for 50 indoors and the seating outdoors can be expanded.

Two large LCD TV’s, Three air-conditioner, elegant Thai decorations with a beautiful large teak table for 10 guests and a large teak lounge table make this a very attractive restaurant, Wireless internet, satellite reception for sporting events and a professional sound system are just a few of the details that this business has in place.

The enterprise has proved popular with locals and tourists alike, and in the last financial year saw receipts totaling roughly 2,500,000 baht gross sales with net profits of approximately 1,100,000 baht. These figures include wholesale sales to surrounding hotels and businesses. A company comes with the sale that provides work permits.

The restaurant provides indoor and outdoor seating areas that can be expanded, and the meals are dispensed from a very large professionally equipped kitchen with programmable baking ovens. Four staff two full time and two part time are retained on salaries that total 32,000 baht per month.

A long 9 year lease that is guaranteed renewable at the buyers discretion every three years has been negotiated on rental terms of 25,000 baht per month with 8 years and 9 months left on the lease.

Property information

Real Estate:

Lease

Lease terms:

9 year lease term gaurantee, with renewal term promise from the landlord

Leasehold rent:

$8,820 per annum

Location:

on the main road in the upscale Laguna area of the northern part of Phuket.

Size in square feet:

154 square meters

Other information

Reasons for selling:

One partner decided to relocate for the betterment of his son’s education. The other owner has an import business and no longer has the time to run the restaurant as he likes it.

Trading hours:

10 am - 10pm, close on Wednesday

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