Koh Phangan Restaurant and Bar for Sale Listing No. 66-0411 Located on the main road in Haad Rin, Koh Phangan, the world-renowned location of the ‘Full Moon Parties’ – 12 times a year. This ‘chill-out’ restaurant and bar (believed to be the busiest on the island) is approximately 200m2, opens for breakfast, lunch and dinner, and has table and sofa seating for 50+. There are 3 large TVs and 3 large screen projection TVs with screens. Ceiling, wall and pedestal fans are throughout, and fire extinguishers are fitted. The bar is well stocked and has a coffee espresso machine. There is a well-equipped air-conditioned Manager’s Office at the rear of the main restaurant area, near the toilets. The ambiance of the restaurant is ‘chill-out’. With an excellent collection of movie DVD’s, customers typically go there to eat, drink, chat and watch the large screen TV movies or sport. The kitchen (about 30m2) is well appointed with 2 double glass-fronted fridges, a single glass-front fridge, 2 double chest freezers, 2 microwave ovens, a large pizza oven, 1 large rice cooker, 1 double deep-fat fryer, 7 gas burners, toaster oven, and all of the cooking equipment and restaurant cutlery and crockery. There is a scullery area behind the kitchen. Current sales are in excess of 5 million baht a year. During the full moon parties alone, sales typically reach 80,000 baht a day. The restaurant is currently staffed with 6 staff and the monthly salaries bill is 44,000 baht a month. Being an ‘open-front’ restaurant and bar, the electricity costs are minimal at 10,000 to 12,000 baht a month, and water is free being drawn from a well. Rent is 240,000 baht a year paid annually in March (equivalent to 20,000 baht a month). Purchase terms are 20% deposit and settlement within 30 days (or as negotiated with the owner). Asking price is 11 million baht (negotiable). The lease tenure is 10 years renewable. No key money or security deposit are required. The owner of this restaurant and bar also has other businesses available in the same area for sale and rent. For more information and/or photos of these businesses, please contact us. Further details can be provided upon inspection. 24 hours notice is required to inspect this business. Contact us today to book a time to inspect this restaurant and bar or others we have for sale and rent in Thailand. No Agents please. More photos may be seen at 66.asianbusinessbrokers/listings/66-0411.htm
Posted on: Sat, 24 Jan 2015 08:53:39 +0000
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