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Restaurant and Bar in Excellent Bangkok Location for Sale


Price Reduced



Listing ID:
066-01-49-365

Listing Type:
For Sale and Rent

Listing Categories:
Food and Beverage
Wine Bars   :    Restaurants   :    Bars

Region:
South East Asia

Location:
Watthana,  Bangkok,  Thailand



Features

  Established and well-known     Inside and outside Seating     Fully Staffed     Profitable     Point of Sale     Main Road Location     High Foot Traffic area     Retail Shopping Nearby     Night-time Entertainment Area  


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Listing Description

This well-known restaurant and wine-bar is in an enviable location on a main road in Sukhumvit very close to major hotels and up-class condominium buildings. It has excellent foot traffic and was established in that location in 2014.

The owner is looking to retire and is offering this business as a viable going concern. Profitable, staffed, equipped, stocked, licensed - it is ready to transfer.

Seating is inside and out on the ground level only for about 83 people. The working area is about 160m2. Rent for this location is reasonable and is direct leasehold with a standard 3-year renewable lease.

The business is being offered with a Thai registered company (2 mil Baht capitalization). Asking price includes stock on hand at the time of transfer and the owner or representative will assist with transitioning. Financial records are available and may be viewed upon Inspection and after completing a Non-Disclosure Agreement (NDA).




Business Details

Listing Type:
For Sale and Rent

Asking Price:
THB 4,000,000

Negotiable:
The Price is not negotiable

Stock / Inventory:
Ready use stock at the time of settlement is included in the asking price




Property Details

Tenure:
Leasehold

Tenure Period:
3 Years  renewable

Rent:
THB 338,000 monthly

Security Deposit:
THB 1,312,000 (In Addition to the Asking Price)

Key Money:
No




Land & Building Details

Building Type:
Retail Shop

Furnishings:
Fully Furnished and Equipped




General Details

Available:
Now

Inspection / Meeting Times:
Any day between midday and 7pm by appointment

Inspections and/or meetings with owners are strictly by appointment only and should be booked at least two working days in advance. A non-disclosure agreement needs to be provided prior to confirming the inspection/meeting.

VISAs / Working Permits (Foreign Buyers):
Buying a business does not, in itself, entitle you to a VISA or work permit. In ALL countries, there are additional requirements and approvals needed. If you are uncertain about your entitlement to live and/or work in Thailand, you should seek independent legal advice prior to pursuing purchase of this listing.

Accuracy of Data and Due Diligence:
While we regularly ask Sellers to review their listing to ensure the information is correct, information may change from time to time. Responsibility for validating information regarding this listing and conducting due diligence is the responsibility of prospective Buyers.