For sale: Bar and Restaurant for Sale in Khon Kaen


Bar and Restaurant for Sale in Khon Kaen

Bar and Restaurant for Sale in Khon Kaen that is very popular with the local expats in particular one of oldest established and most well-known,

but also with visitors who seem to keep returning every time they are in town.

Tuesday night Quiz Nights see the place packed the restaurant area seats 30 plus 12 at the bar, A good pool table, with all the accessories is in constant use.

There are many fans throughout plus a stage with lights, microphones and a mixer.

There are two TVs plus a big pull-down screen with CTH, an excellent sound system with speakers and CCTV.

There are two storerooms. All of the necessary bar equipment, licenses and stock at the time of settlement is provided with the sale.

The kitchen, on the ground floor, boasts two new freezers, as well as fridges,

ovens, microwaves, toasters and six gas burners. All of the utensils and crockery are included.

Upstairs is a 4-bedroom residence with 2 double beds, one with new air-conditioner, a single bed, plenty of wardrobes, washing machine, hot water shower, etc.

FACTS:
• Tenure: Leasehold, 3 years renewable
• Staff: varies, but is currently 2 staff with a monthly payroll of 12,000 baht
• Licenses: Alcohol, food and music licenses are current and are included in the sale
• Stock: Stock remaining at time of settlement is included in the price
• Rent: 20,000 baht a month
• Utilities: About 14,000 baht a month (electricity 13,000, water 500, and WIFI 600)
• Security: 2,000 baht a month
• Car Parking: Car parking is available in the front of the bar
• Business Operational: Yes
• Transition: The owner will assist in transitioning the business for a short period after settlement, if required.
• Reason for Selling:  Moving abroad
• Revenue: Average turnover for the bar is around 100K but if run restaurant as well you should be able to double the income

• Security Deposit: N/A
• Key Money: N/A

Facts:

To buy the business: 350,000B

Rental: 20,000 B monthly

Lease contract: 3 x 3 years  (Rolling Lease)