Unique Beachfront Restaurant | Koh Phangan, Thailand

฿4,900,000
13 Dec 19

Description

This beautiful and unique beachfront restaurant was established on Koh Phangan in 2017. It has a year round view on sunsets and a warm breeze from the bay of Chaloklum and the ocean. It's definitely a dream location! It’s a unique and idyllic venue with flexible seating possibilities on three different levels. With a dimension of about 350m2, every table has an amazing view on the ocean. There is some inside dining area although the majority of the restaurant seating is on a lovely covered decking area. Just in front of the decked area is 15m sandy chillout area with cozy seats to lounge in whilst sipping a glass of wine watching the sunset or the starry sky. All of the fixtures, fitting and furniture is brand new and very stylish. All of the equipment in the kitchen is of a very high standard and could accommodate most cuisines. The new building makes it easy to manage. The owners used to operate another very popular restaurant and their loyal customers are now regulars here. This restaurant attracts high-end clients willing to spend for a good meal. The current menu displays quality food and everything is handmade onsite. This is also one of the few places on the island that serve a great selection of imported wines and spirits to enjoy with your meal. The owners have built up great relationships with hotels, resorts and diving schools and now benefit from their recommendations. The restaurant has also built a great reputation online being in the top 5 out of 470 restaurants on the Island. The beauty of the premises has permitted them to become a great weddings venue known and appreciated by planners of the Island. Already few weddings have been hosted and more to come. Many clients reserved for special occasions such as birthdays, anniversaries and wedding proposals. The restaurant is always fully booked for holidays: Valentine’s Day, Christmas, New Year, etc. The restaurant has an incredible business potential with its uniqueness, beauty and regard for detail. Accounting are in very good order and available to view following a property inspection. The owners are ready and willing to provide training to the new owners. The restaurant can also comes with a 5M capital Thai registered company to facilitate the transfer which allows 2 work permits. The property is profitable, ROI potential in less than 5 years dependant on management experience. The rent is paid yearly. The owners are sad to be selling but are now starting other projects.

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