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PRICE SLASHED BY $85,000 USD to below cost $175,000 USD. Must be sold URGENTLY. Alternatively, we are prepared to lease the premises and all plant and equipment to the right person . Lease would be a minimum of 3 years up front, with options to extend and or purchase later.
This once in a lifetime opportunity is significantly below market value and cannot be replaced for any where near the asking price.
Fabulous ocean view Restaurant/Bar opportunity. Ever dreamed of living and working in paradise, on the Island of the Gods. Then this unique opportunity could be yours.
The Leasehold property, under Indonesian Law, is perfect for intended purchasers from anywhere in the world. This unique business is a fully renovated and very well established Restaurant, set on approx. 200 Sqm of land, only 30 metres from the ocean, with fabulous views, cool ocean breezes, and the only restaurant with a car park, directly in front - ensuring the views cannot be built out. . It is surrounded behind, and to the side, by a new 200 + room, 5 Star resort (Como Echo Beach), set to open within months .. Plus another similar sized 5 Star Resort located only 500 metres away (Intercontinental Echo Beach), and set to open next year.
Canggu is known by regular tourists to Bali, Expats and locals alike, as the “New Seminyak” and has had plenty of press coverage recently with the opening of the new Finn’s Beach club, and several 5 star resorts set to open soon. It is also widely regarded as one of the best surf spots in Bali. With the area now growing rapidly, this is not only a perfect lifestyle opportunity, but also a fabulous investment opportunity, to get into the market in Echo Beach, before the guaranteed surge in real estate prices.
The restaurant is 4 years old and recently underwent extensive renovations and extensions. It comfortably seats 80 ++, with room for more seating, and is being sold as a going concern that includes all plant, equipment, staff and stock. The lease has 7 years left, and this lease has already been paid up front for the whole 7 year term. It also has extension options to suit any perspective buyer (ie 5 x 5 x 5 years). This alone adds significant value to the business.
The purchase price also includes all advertising material, light boxes, signage, social media, such as website (currently under full update), Facebook, Trip Advisor, Instagram, and others such as Four Square, Qraved and Bali Eats.
Alternatively the Restaurant can be leased including all plant, equipment, and staff if required. Minimum lease terms of 3 years with extension options to suit any tenant. All operational costs and plant and equipment maintenance etc, would of course be the responsibility of the tenant .. Lease cost is $35,000 USD a year - Minimum 3 years, paid up front.
The restaurant is consistently voted the “Best BBQ Pork Ribs” in Bali and has a sensational menu including Authentic Asian dishes, an excellent reputation for quality food, perfect location, cleanliness, and great staff. It currently offers live music several nights a week, functions and events, dine in, take away, home delivery to the local resorts, villa surf stays etc, and free WIFI.
Currently Bali ranks No 1 in the World as best the Holiday destination, it also brags some of the best capital growth in Asia, and areas such as Seminyak and Canggu return between 20% and 30% according to independent real estate sources.
The asking price has been reduced drastically to ensure a quick sale or quick lease.The Restaurant is only being sold because of urgent family health issues. Don’t miss out on this truly unique opportunity to own a well-established restaurant business, in a rapidly growing and very popular area of Bali.
More details available upon request, please contact seller below for more information.
5 years left - fully paid upfront with extension options to suit ..
Echo Beach Canggu Bali
200 sqm restaurant - 30 metres from the Ocean with Carpark
Growth in the area is tremendous, so business expansion potential is huge..
Several in the area but none specialising in Authentic Asian and BBQ
Family health reasons
Currently 7.00 am - to 11.00pm
All support an training will be given during handover, including introductions to suppliers etc.
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