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Established Restaurant In Koh Samui Choengmon For Sale

Koh Samui, Surat Thani, Thailand
Asking Price:
$100K - $250K (USD)
Sales Revenue:
Available on request
Cash Flow:
Available on request

The restaurant occupies one of Koh Samui's best and busiest trading locations and is at the heart of Choengmon's beach area. The A3 restaurant benefits from high footfall throughout the year from tourists and local residents. The restaurant boasts an extensive inventory of valuable fixtures and fittings. They specialize in seafood and traditional Thai cuisine as well as Western food. The restaurant has received positive reviews on Facebook and Trip Advisor and has developed a solid customer base in addition to the thriving tourist trade. There would be enormous scope extend business activity with the additional space at the back of the main seating area. As well as capturing the trade from newly refurbished MELIA 5 star resort, which is 50m away from the restaurant.

The restaurant provides seating for some 50 persons with a potential of an additional 50 persons by using the additional space.

There is a large kitchen fully equipped with all appliances in working order. There is also a built in Amci Champ heavy duty pizza oven.

The business is currently run under management for the day to day operations with vendor overseeing the overall management of the business. Current hours of opening Monday to Sunday 11am - 10pm. There are would significant scope to increase the opening hours to capture the morning trade and benefit from breakfast business. Average weekly turnover for the full year amounts to just over 200 000 Baht.

Option 1 : The 12 year lease paid upfront with no rent reviews including the restaurant business 9 000 000 Baht

Option 2 : The 12 year lease paid quarterly at 660 000 Baht per annum with rent review every four years, plus the restaurant business 3 500 000 Baht.

The current rateable value is 48 000 Baht per annum.

Legal fees, each party to be responsible for their own legal costs.

Property Information

Real Estate:

Lease

Business Operation

Reasons for selling:

Retirement

Other Information

Support & training:

The vendor agrees to Support & Training for 1 month after the sale.

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