Koh Chang Bar & Restaurant For Sale

[SunbeltAsiaAdvisor]

An opportunity has arisen to acquire a bar and restaurant in Koh Chang in one of the busiest beaches on the island. The business is located on a 500 sq. m property with accommodation for the owners and an office space for the company.

The premises were completely refurbished with a new lighting system in the lounge and restaurant area and a large outdoor seating area for smokers and diners. Inside, the restaurant has a state of the art sound system including a DJ set to organize special parties and events. The business has built a strong reputation over the years serving delicious western food with a fully equipped kitchen located on the ground floor. The business has been set up with a Thai Company holding all the necessary licenses and with enough capital to provide three work permits.

A long term lease has been agreed with the landlord for a yearly rent of 314,000 baht and no lease deposit, which, considering the size of the property, represents very good value for money. There are currently six full time staff members with a payroll of 40,000 baht and all are willing to stay. Food costs do not exceed 35% which ensures an extremely profitable venture. Sales average 500,000 Baht per month during the low season and 1.3 million Baht per month during the high season which leaves a yearly profit of 6,000,000 baht after deduction of overheads and expenses.

The owner currently operates the business alone and has found this to be too difficult due to growing health issues. The owner will be remaining in Koh Chang after the sale and is willing to provide a handover and training period for the new owner.

Asking Price: 5,000,000 baht

BKK14220

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