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Jan 26, 2011 — (UPDATE! The owner now needs to urgently relocate back to his European homeland, and he will therefore sacrifice this excellent business for just 2,500,000 baht, instead of the original asking price of 3,500,000 baht). This Mediterranean Restaurant has a great location in the heart of the action on the island of Koh Tao, where it sits in a two storey triple shop house with total floor space of around 600 square metres. The upper floor could easily be converted into a lounge bar, as there is a pool table and plenty of room to utilise. The restaurant comes with myriad items of equipment, fixtures and furniture, and the owner has spent 1,500,000 baht to renovate the building just three years ago. The lease contract is attractive, running for five years with an option for a further five years, with monthly rent of 30,000 baht. Annual receipts of around 7,000,000 baht are producing net profits of approximately 3,000,000 baht after the deduction of all expenses, and the owner is seeking just over annual earnings to effect a business transfer, even though the assets themselves are believed to be worth 3,000,000 baht.