Popular Samui Restaurant For Sale

[SunbeltAsiaAdvisor]

Restaurant and Bar in Koh Samui

This four year old business offers an excellent opportunity to get into a well established and run restaurant and bar on the popular Bo Phut Beach. With many references on Youtube and Facebook, this popular bar has been described as not only the best in Samui but Thailand. A website is already up and running and all fixtures and memorabilia is included (valued at about 2 million baht and included in the asking price). The premises is 150 sqm with 60 seats but it is possible to increase up to 100 seats. Open from 10 a.m to 2 a.m., the monthly rental is 12,000 baht expiring November 2013. A 3 year renewal option until 2016 has already been negotiated with a rental fee of 15,000 baht and 350,000 baht key money. The key money until 2013 has already been paid. Monthly payroll of 31,000 baht for 3 full time employees. Annual receipts are about 4 million baht with a net income of 2.2 million baht.

Alternatively the seller offers 2 additional options:

Which would be to purchase 40% for 1.500.00 baht or to acquire 100% of the business and 1/4 rai land for 4.300.000 baht

PRICE: 3.5 million baht with a down payment of 500,000 baht.

BKK14200

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