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Koh Phangan Restaurant and Bar available for sale

: Restaurant and Bar in Koh Phangan :

20,000,000 THB

Listing ID# BKK15845


BUSINESS INFORMATION

Province Koh Phangan
Country Thailand
Business Type Restaurant and Bar
Business Started 2007
Employees 16 Person

FINANCIAL INFORMATION

Annual revenue: 17,000,000 Baht
Payroll: N/A
Furniture, Fixtures & Equipment
included in the Investment Price:
N/A
Your Total Investment to own this business: 20,000,000 Baht
Your Initial Cash Investment Needed: N/A
Inventory included in the Investment Price: N/A

BUSINESS SUMMARY

Located on the popular island of Koh Phangan, this beachfront restaurant has main road access in the middle of the island between the two main ports and is surrounded by well-known and popular hotels and resorts. One of the most popular restaurants on the island, this business has a strong social media presence and even greater word of mouth through taxis , hotels and other businesses. In high season and peak season reservations are booked at least two days in advance, with requests received up to 4 months prior for peak season. The staff are highly trained and willing to stay and the owners are willing to do a handover for at least a few months. Events are held at the beach bar such as live music and there is great growth potential for this. The new buyer will be earning a profit from day 1 an extremely profitable business with a strong identity and concept with even potential to franchise. The property includes two staff rooms and a storage room as well as two restrooms, a car park, a point of sale system, all licenses including food and alcohol, and all equipment, furniture, and stock. The current owners have applied for a trademark on the name and logo and expect to include that in the sale. The business sees sales of around 17 million a year with a profit of 7 million. The landlord is a relative of the owners and is happy to extend the lease to the new owners. ASKING PRICE: 20 million baht

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