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Pirate Tavern Siem Reap For Sale

Siem Reap, Cambodia
Asking Price:
$51,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$60,000 (USD)
Cash Flow:
Available on request

Perfect Business for Sale! Very well located and renowned tavern, this is part of Siem Reap’s life. Popular among the expats community for its high quality of its products, the business is the place in town when people talk about entertainment and live music. Running for over 5 years, the business has experienced a steady trend of growth and is now on the market for a new owner.

Set on the first floor of a huge property offering 3 units spread over more than 320sqm, the tavern is a turn-key business that can operate and generate profit right away, without having to change or modify anything. It comes with its entire fixture, decoration, equipment, marketing material and a highly trained staff that can run the place by themselves. The business has a very strong online presence (websites, Google Pro account featuring over 80 positive reviews, Facebook accounts,) and is widely featured in different media (listed in the Lonely Planet, has appeared on prime time Philipino TV, is visible in a Netflix series, etc.)

The property is offers many options for development (the tavern itself being set at the first floor of the main house) since the 2 extra units can be potentially used to generate extra rental income or as living quarters.

The lease is secured until 2024 and the monthly rent is very affordable at $1,100. The location is a stone throw from the main tourist areas, on a large and clean road.

Don’t miss it, the business is a solid investment that is waiting for you right now.

Property information

Real Estate:

Lease

Lease Terms:

5 years secured on the lease, with a priority to extend the lease for another period of time.

Leasehold Rent:

$13,200 (USD) per annum

Living Accommodation:

A 100sqm has recently been added and could be used as accommodation.

Location:

500m from the main tourist area.
Siem Reap - Cambodia

Premises Details:

The whole property is spread over 340sqm and is divided in 3 untis. The tavern is set at the first floor of the main house. The ground floor and a loft style extension can be used as living quarters or rented in order to generate extra income. The tavern itself is 120sqm, including a big kitchen, a balcony and a stage for live music and any sort of acts.

The property offers a huge frontyard set as a beach style tropical garden, and features a 30m long parking area along the main road. There are MANY options for development.

Size in square feet:
3,660 SQF or 340sqm

Business Operation

Expansion Potential:

The ground floor and the extension building offer a lot of expansion potential, only from generating extra income. Although the huge property is all set for any sort of project such as a retail space, or a gallery. At the moment the business features a tattoo parlour on the ground floor, that will relocate when the business is sold.

Competition / Market:

Siem Reap is a tourist town, and offers a lot of options when it comes to accommodation and food. Although the business is ONE OF A KIND in the whole country, based on the atmosphere, the products and the marketing approach. It is 100% different from all the venues in town, and our customers feel this way. It's got such a strong identity that it is a must go. It is featured in the Lonely Planet and in many medias, as a unique place in town.

During the 2018-2019 high season, some places have suffered a lack of business due to less visitors, but the business has actually been through its BEST season since opening. It says it all.

Reasons for selling:

We are selling the buiness in order to focus on different types of activities and / or on family, and to initiate other projects.

Trading hours:

Open Monday to Saturday from 11am until late at night

Employees:
7 employees
Years established:
5 years

Other Information

Support & training:

The potential buyer will be 100% accompanied through the process of selling and even through going through the whole necessary paperwork to settle in Cambodia

Furniture / Fixtures value:
$6,600 (USD) - included in the asking price
Inventory / Stock value:
$2,300 (USD) - included in the asking price
Website:
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Relocatable:
This business can be relocated.

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