Bangkok French Restaurant And Lounge Bar

[SunbeltAsiaAdvisor]

Bangkok French Restaurant and Lounge Bar

Listing ID# BKK13985

3,000,000THB

BUSINESS SUMMARY

(UPDATE! The asking price has been reduced from 4,000,000 baht to 3,000,000 baht, for a rapid business acquisition.) The owner of this upscale French Restaurant and Lounge Bar has recently secured a full time job overseas, and this prompts him to place the establishment on the market. Located in the Sukhumvit area of Bangkok, the enterprise provides a unique taste of France in elegant surroundings; diners have the choice of eating in air-conditioned comfort or on terraces in a relaxing garden setting. A spacious two storey property with floor space measuring 240 square metres has been secured on a long six year lease contract (expiring in 2013, but with an option to renew for a further six year period), with rental terms of 120,000 baht per month being applicable.

The stand alone property has a car park onsite, and has been home to the business for around three years. Assets to be included in the sale have been valued at 1,800,000 baht, and there is an inventory of stock to acquire that is normally worth around 800,000 baht. Receipts usually come in between 750,000 baht and 950,000 baht per month, with net profits of roughly 450,000 baht per month averaging out over the year. The main overheads are food and beverage costs, rent, utility bills and salaries that total 95,000 baht per month for five full time employees. Fully audited results can be viewed by serious investors.

New asking price: 3,000,000 baht.

26th Floor Fortune Town BR, 1 Ratchadapisek Rd, 10400 Bangkok

Tel: 02-642-0213 Fax: 02-641-1995

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