Restaurant with Attached Bungalows
Ae, Long Beach. This excellent restaurant and bungalow business with several additional multi use buildings is situated in an excellent location on the main road in Phra Ae (Long Beach) and is very close to the beach with walking access.
The sale comprises of this extremely popular 68 seat garden restaurant which has several covered timber decks and a further seating & bar area with separate kitchens to the rear, 4 fan bungalows, 2 air con bungalows, 2 further bungalows/buildings which are in need of repairs, and a further two street front shops which can be used for either business or residential use, and can therefore generate further income or opportunities.
All bungalows are fully equipped and furnished, as is the restaurant and kitchens.
The restaurant is widely acclaimed, and is one of the best (if not the best) European restaurants on the island. The kitchens are fully equipped and the business is, and has been running very successfully for over 12 years.
There is also a deep water well with 2 pressure filters and a back up generator which provides sufficient power in the event of a power cut.
The property covers 2 Rai (3,200 sq.m.) and is approx. 150 meters from the beach with access.
The property (including the buildings and the very well run restaurant) is leasehold, and the current lease is valid until 2019, but there is an option to make a longer lease contract through negotiation with the landlord.
The asking price is 4 million baht, or 5 million baht if the restaurant name is retained. The annual rent is 360,000 baht.
This turn key business would be best suited to a food enthusiast couple looking to take over a well established and highly profitable business, and there are options available to increase the number of bungalows and expand the business.
Viewing is highly recommended and accounts can be made available for inspection.