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Freehold Restaurant Off Bangla Road, Patong For Sale

Bangla Road, Phuket, Thailand
Asking Price:
$1,043,000 (USD) Furniture / Fixtures included
Sales Revenue:
$250K - $500K (USD)
Cash Flow:
On request

A rare chance to buy a freehold commercial property with a running restaurant in the heart of Patong's nightlife district. The restaurant sits in a side lane directly off Bangla Road, about 300 metres from Patong Beach, and has been trading for 20 years.

This is a sale of the property itself, not a lease. The building comes with a Chanote title deed and the restaurant is sold fully equipped, which gives the new owner full flexibility:

Keep the restaurant running, with staff and equipment in place

Launch a new concept in the same premises

Rent out the building to an operator, an attractive option in a location with this much foot traffic

Property

Two-storey building, 240 sqm total floor area (120 sqm per floor)

Chanote title deed (freehold)

Seating for 70 guests

All kitchen and restaurant equipment included

Business

In operation for 20 years

Team of 10, with 7 staff ready to stay on under a new owner

Staff already handle purchasing of ingredients and supplies

Currently licensed for alcohol (spiri

Property Information

Real Estate:

Real Property Included

Location:

Prime tourist location in the heart of Patong, Phuket. The restaurant sits in a side lane directly off Bangla Road, the island's main nightlife and entertainment street, about 300 metres from Patong Beach. The area has heavy foot traffic from tourists throughout the day and late into the night, with bars, hotels and shops all around.

Premises Details:

Two-storey freehold building with a total floor area of 240 sqm (120 sqm per floor), held under a Chanote title deed. The premises are owned outright, not leased, and are included in the sale. The restaurant seats 70 guests and comes fully equipped, with all kitchen and restaurant equipment included.

Size in square feet:
240

Business Operation

Management type:
This business is owner operated.
Competition / Market:

The Bangla Road area has a high concentration of restaurants and bars, so competition for tourist customers is strong and new venues open regularly. Trade is also seasonal, with clearly higher revenue in high season than in low season.

The business has traded for 20 years in the same location and has an established name. Because the premises are owned rather than leased, the business is not exposed to rent increases or lease renewals, which is a common pressure for competing venues in the area. Licenses for alcohol, tobacco and entertainment are currently in place.

Reasons for selling:

Retirement. The owner is retiring after many years in the business and is looking for a new owner to take the restaurant forward.

Trading hours:

Open 7 days a week, from 3:00 PM until midnight.

Employees:
10
Years established:
20

Other Information

Support & training:

Seven experienced staff members are ready to continue working under the new owner, which allows the restaurant to keep running without interruption. The existing team already handles the sourcing and purchasing of ingredients and supplies, so a new owner does not need to build supplier relationships from scratch. The buyer is also free to continue operating under the existing restaurant name.

Contact Seller