Peaceful Italian Restaurant in Bangkok,

EBT1061 – PRICE REDUCED - Situated in a beautiful and classic but newly renovated Thai home surrounded by tranquil gardens, this Italian restaurant is just steps away from some of Bangkok's largest office buildings, luxury condominiums, and many 4-5 star hotels.  Focusing on casual dining, the restaurant has approximately 85 seats both indoor and outdoor and serves locals, expats, and tourists for lunch and dinner seven days a week.  The house is accessible by numerous major roads and has parking available for those who wish to drive.  Since renovation in early 2009, the restaurant has seen an average of over 800,000 Baht per month in revenue with little advertising or PR.  All assets are virtually brand new and in excellent condition.  Currently operating with 15 full time employees, the payroll is approximately 200,000 Baht per month.  The owner says they have a wonderful landlord who is very fair and currently pay only 110,000 Baht per month for the 400 sq. meter premises, which includes an additional area for parking on both sides of the property.  The second floor of the restaurant even has the possibility of owner/manager accommodation with three bedrooms and two bathrooms.  The lease will continue at the same rate until 2011 after which there are two three year extensions available with highly favorable rates already negotiated.  As the restaurant has only been open since mid-2009, annual profits are not yet available, however, the owner states that with the current average revenues and fixed expenses, monthly profit is in the region of 200,000 Baht.  Originally the owner was to have a less active role in the management of this business but due to partnership issues this has not been the case.  Thus after starting this very attractive Italian restaurant from scratch, he is now willing to pass this business on to a new  buyer for only 8,500,000 Baht.  Owner feels that with proper management and a more energetic owner, the buyer can see a return on investment in about 3 years or less.
 

Asking Price:  PRICE REDUCED to 8.5 Million Baht

, Owner is retired and does not want to manage restaurant day-to-day.