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Beach Front Restaurant For Sale
Location Thailand
Asking Price Range < $250K
Gross Revenues $106000
Net Profit / Cash Flow $40000
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 2010
Number of Employees 1 - 3
Inventory $23000
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training Yes.
Reason for Sale Relocation.
Description This restaurant for sale is located on the south coast of Koh Samui island, Thailand, on a fisherman village. This village is well-known for the beauty of the sea view, the sunset.
The building offers 190 sqm is dedicated to the restaurant area with 20 seats and a lounge area of 8 seats, in addition to a large open kitchen, storage room, toilets, and a private 40 sqm bedroom with shower-room for owner use (with a direct view on the beach and the sea).
The customers are mainly expatriates who live on the south of the island, but also with holiday customers who visited Koh Tan and Koh Matsum islands during the day and stay on that place for a drink and for the diner.
All the restaurant, kitchen, lounge, private apartment was completely renovated in July 2010. Since he took the business, last year, the current owner made a very nice and cosy decoration.
About financial results, based on the first months of activity, the annual incomes will be 3.2 Million Bath for a net profit of 1.2 Million Bath. The owner has all the informations, receipts and accounting book to confirm these.
The rent is prepaid till September 2012. The next owner will pay 389,000 Bath in September 2012 for the next 3 years rent (corresponding to a monthly rent of 10,800 bath). It is a very attractive renting terms. The lease contract is on the name of the Thai Limited Company which is included on the deal.
There are currently 3 full time employees, representing 21,000 Bath of monthly payroll.
Information:
Monthly rent : 10,800 Bath prepaid till September 2012
Furniture, Fixtures & Equipment : 700,000 Baht
Annual Receipts : 3,200,000 Bath (based on 6 months activity)
Annual Profit : 1,200,000 Baht (based on 6 months activity)
Asking price : 3,500,000 Baht - $117,000
Call Gilles : (+66) 08 418 31 909 , Siam Business Broker for more information on this beach front restaurant for sale.
Click Here To Contact Seller
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