Thai Restaurant And Art Gallery In Prime Sukhumvit Location For Sale

[Sunbelt Asia]

This Authentic Thai restaurant and Art Gallery is located in a prime Sukhumvit tourist location. The current owner has operated the business for one year but intends to relocate overseas in the near future, prompting the sale of the business. The business is located in a large townhouse premises in central Sukhumvit, consisting of 3 floors and a total floor space of 300 sq.m. At present, the restaurant kitchen is located on first floor and seating is located on the first floor and the second floor. The Restaurant has a unique theme as various pieces of exotic art work can be found displayed around the first and second floors, with every item available for sale. There are 48 seats available for diners and there is accommodation for staff on the third floor, along with an area that could be used for office space or alternative business uses.

Business expenses include monthly rent of 140,000 Baht and a monthly payroll of 65,000 Baht for 10 full-time employees and 1 part-time employee. A music compilation of various songs will be passed to the new owner along with the current stock list, including the various art works, namely traditional Thai products, paintings, Buddha Masks and other items. The estimated value of the stock and the Restaurant furniture, fixtures and equipment is 300,000 Baht and this is included in the sale price. The Restaurant currently delivers to nearby locations but there is potential to expand this part of the business. Menus have been prepared in Russian and Japanese as the Restaurant is located in a busy tourist area.

During the last trading year the business generated sales of 7,100,000 Baht, from which a net profit of 1,440,000 Baht was derived. Inventory valued at 15,000 Baht, including a supply of alcoholic beverages, is included in the sale price. Business sales have increased by 150% since the current owner took over operations but due to his impending relocation a quick sale is being sought.

Asking Price: 2,500,000 Baht

BKK14387

[sunbelt][/sunbelt]