Business For Sale Listing 131930
Restaurant and Lounge
Status as of Nov-21-2008 at 06:04 PM: Active
Business Summary
This restaurant and lounge has been serving its loyal customers for over three years and continues to win awards year after year. Even with the very small amount spent on marketing, the business continues to thrive as the 200-room high-end serviced apartment complex its sits in keeps the cash register ticking over nicely. In fact, all in-house revenue equals 1,400,000 Baht per month which more than covers the monthly fixed costs of the entire business! Just renewed a few months back, the establishment enjoys a three year plus three year lease with a rental of only 360 Baht per meter, or a total of 275,000 Baht per month, for the 760 square meters of prime space with highly visible street frontage. A fully trained staff of 40 are in place and together earn approximately 400,000 Baht per month. Fully equipped with a high quality kitchen, impressive two story show bar, an excellent sound system, modern furnishings, and all other necessary items to run a chic restaurant and lounge of this caliber, a new owner can step in and continue running this business from day one without missing a beat.
After long consideration, the current owners are regrettably offering this business for acquisition as they feel a professional F&B or entertainment group could reap far more benefit than what they are currently. With just the built-in business covering all monthly fixed operational costs and additional revenue streams coming from outside diners or drinkers coming in at both day and night, it is easy to see the opportunity that exists. Taking into account the highly favorable lease terms, the turnover of the current business, and the huge potential that exists to further ramp up the business, the asking price of only 8,000,000 Baht can be seen as highly agreeable. The owners are looking for a quick and quiet transfer and interested parties are urged to contact us to learn more about this excellent Thailand Business opportunity today.
Categories
Industry
Location
Financials
| Sales: |
Not Disclosed |
| Profits: |
Between $500 Thousand and $1 Million |
| Profit Type: |
Not Disclosed |
| Fiscal Year: |
2004 |
| Asking Price: |
Between $100 Thousand and $500 Thousand |
