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Asian Restaurant

Location: Bangkok

Listing ID# BKK13836

3,000,000THB

BUSINESS SUMMARY

(UPDATE! Around 1,500,000 baht has just been spent to turn the premises into a cafe and wine bar, with the aim of focussing on a more general market. A range of fine wines and cigars are now offered, and the asking price has consequently been adjusted from 1,500,000 baht to 3,000,000 baht.) This Asian Restaurant serves a menu reliant on Malaysian, Thai and Chinese traditional recipes. A high profile location was chosen when the restaurant opened for trade around four years ago, with the premises sitting just metres from Sukhumvit Road in Bangkok. Rent is payable at a rate of 50,000 baht per month for the spacious four storey property that has a total of 480 square metres of floor space. Seating is spread over two of the floors, meaning that 65 diners can be accommodated. Monthly salaries total 50,000 baht for eight employees (six full time and two part time workers), while utility bills normally come in at around 17,000 baht. The owners have recently decided to relocate, and while a 100 percent buyout is the favoured option, an active partner would possibly be accommodated if preferred. Assets included in the sale cost 700,000 baht when new. Financial results for 2008 saw receipts totalling 1,388,000 baht yield net profits of approximately 400,000 baht, but monthly receipts for the 2009 have risen, with sales expected to exceed 1,500,000 baht at year end. New asking price: 3,000,000 baht.

[sunbelt][/sunbelt]

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