Spacious Patong Beach Restaurant For Sale

[SunbeltAsiaAdvisor]

This spacious restaurant is located on busy Patong beach in Phuket and has been in business catering to tourists and locals for 5 years under the same owner. The restaurant features a large outdoor deck and the glass walls give the restaurant spectacular views over Patong Bay. The beautifully decorated restaurant features many imported items that emphasize the restaurant’s theme. The venture can be sold as two separate restaurants, one seating 140 people and the other 53, both at the same premises.

The large restaurant has 890sqm over two floors, a monthly rental of 350,000 Baht and a 3 year renewable lease that expires next year. The deposit is not included in the sale and will require 600,000 Baht for the landlord. Other expenses include utilities that average around 40,000 Baht a month and wages for the 21 full time employees are around 297,000 Baht per month.

Assets included in the sale are valued at around 19.5 million Baht and inventory stood at around 566,000 Baht when valued in August of 2011. Yearly gross sales average around 30 million Baht while the restaurant has pulled in sales over 2 million Baht a month for the past 6 months.

The owner is currently divesting himself of Phuket interests and so has put this busy restaurant up for sale.

ASKING PRICE: 33 million Baht for both or

28 million for the larger restaurant and 5 million for the smaller restaurant located in the same premises.

(BKK14307)

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