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Boutique Restaurant Near Large Bangkok University For Sale

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This trendy Boutique restaurant and cafe is located in a large student dorm of 600 units and is directly across from a large University so the business caters to the student crowd and has considerable traffic. The restaurant is in a 85 sqm space and has 4 full time staff with salaries totalling 35,000 Baht a month. The restaurant is open 10 a.m. to 9 p.m. 7 days a week.

The owner, renovated all at a cost of 800,000 Baht at takeover and a second renovation project of 300,000 Baht was nearly finished before the floods delayed renovations. This makes the total investment over 2011, including takeover at 3,200,000 baht.

While the restaurant itself was not affected by floods, the sales in October were lower due to lower customers from the flooding, but annual turnover should still hit 1,900,000 Baht with a net profit of 660,000 Baht after expenses. Full financial details are available. The restaurant is fully legal and has one of the few official food licenses in this area. Rent is 20,000 with a recently renewed 3 year lease.

The restaurant recently started an intensive marketing program offering delivery and take away services and offers promotion cards, smoothie cards and daily specials. Free wifi is available for customers. New menus were recently printed and a new internationally experienced cook just hired.

The owners own home was affected in the flood even though the business was not so he is interested in making a quick sale.

ASKING PRICE: 2,600,000 Baht



Edited by SunbeltAsiaAdvisor
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