UPDATE! The owner has now raised the asking price from 1,800,000 baht to 4,000,000 baht as he has just drastically improved the premises. After complete renovations, the bakery now has new equipment, and the property has been extended from 200 square metres to 400 square metres; it now also features a house for the owner and a beer bar). The owner of this Koh Samui Bakery and Restaurant has decided to place the business on the market, as he has recently received a job offer that is too good to refuse. The urgency of the appointment means that he must part with the business at the earliest opportunity, and he has therefore set an asking price that is less than annual earnings, with assets worth 900,000 baht thrown in. The business has been profitable since inception four years ago, and is earning at least 2,600,000 baht per annum in net profits, from receipts of over 5,200,000 baht. The owner will accept just 1,800,000 baht however, for a quick sale. The business is fully equipped throughout, with a fully experienced workforce of six full time employees. The property measures 200 square metres and incurs monthly rental payments of 25,000 baht, on a very long lease that does not expire until 2016. The shop is located on the access road to one of the major tourist beaches, close to many major hotels and the beach itself. Besides bakery items, the restaurant offers a full menu featuring Thai and international dishes. Delivery services help to supplement the income, with many hotels and restaurants on the island taking the products on a regular basis.
Asking Price $114,285
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