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(UPDATE! The asking price has been reduced from 2,400,000 baht to 1,800,000 baht, for a quick sale.) The owner of this successful Phuket Restaurant has recently decided to relocate for the betterment of his son’s education. This means the enterprise is being offered on very attractive terms that equate to approximately one year’s net profits plus asset value. An excellent location on the main road in Chalong was secured for the 60 seat 300 square metre enterprise, and a wide ranging menu featuring the best of local and international cuisine was implemented at inception. The enterprise has proved popular with locals and tourists alike, and in the last financial year saw receipts totalling roughly 2,700,000 baht yield net profits of approximately 1,100,000 baht. These figures include additional income derived from room rentals, as there are also seven guestrooms onsite fitted out with en-suite bathrooms, cable televisions, hot water and safety boxes; from November these rooms are fully booked all through the high season.The restaurant provides indoor and outdoor seating areas, and the meals are dispensed from a very large professionally equipped kitchen. Four full time employees are retained on salaries that total 55,000 baht per month. A long lease that is renewable every three years has been negotiated on rental terms of 35,000 baht per month, although rent will rise to 55,000 baht per month in 2011. Assets included in the sale have been valued at 1,200,000 baht. New asking price: 1,800,000 baht.
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