Selling restaurant and lease of 4 story house, Riverside Phnom Penh

If you are looking for a business to buy in Cambodia, you've come to the right place! This is a section where owners can post their businesses for sale and where others in the community can ask questions about starting a business here. Foreigners can own 100% of a business here in Cambodia, and it's a pretty simple process to buy or sell, whether it's a bar, restaurant, hotel, or anything else. Have questions about what paperwork is needed for your company? Ask away. Curious if the expat bar on Street 136 selling for $100,000 is a good deal? Start a discussion on CEO and we'll let you know what we think.
AlexUli
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Selling restaurant and lease of 4 story house, Riverside Phnom Penh

Post by AlexUli »

Few meters off riverside Phnom Penh, great location with new hotel next door.
Restaurant well established, newly renovated and new equipmened. Upper floors are rented (short & long term) which covers overheads, with potential to grow.
Monthly lease US$ 1.200 only, 4 year left - leases in this area are usually much higher!
I have other business I need to concentrate on.
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Re: Selling restaurant and lease of 4 story house, Riverside Phnom Penh

Post by phuketrichard »

U forgot the most important part's

HOW MUCH ?
ONLY 4 years left on lease? Renewal possible?
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Re: Selling restaurant and lease of 4 story house, Riverside Phnom Penh

Post by SinnSisamouth »

if the rooms are rented short term then that means at some point they will be empty and wont cover overheads

overheads as in lease?
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Re: Selling restaurant and lease of 4 story house, Riverside Phnom Penh

Post by bkktrapper »

AlexUli wrote:Few meters off riverside Phnom Penh, great location with new hotel next door.
Restaurant well established, newly renovated and new equipmened. Upper floors are rented (short & long term) which covers overheads, with potential to grow.
Monthly lease US$ 1.200 only, 4 year left - leases in this area are usually much higher!
I have other business I need to concentrate on.
How much?
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AlexUli
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Re: Selling restaurant and lease of 4 story house, Riverside Phnom Penh

Post by AlexUli »

Apologize, forgot some details:
US$ 60.000 (incl. all inventory)
Overheads are lease, electric, utilities + salaries (US$ 2.000). Lease income a bit below in low season, in high season over (sold via all major OTAs)
Rooms in need of refit.
Lease renewable - she was saying increase to US$ 1.400 then (to be negotiated with landlord).
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Re: Selling restaurant and lease of 4 story house, Riverside Phnom Penh

Post by Username Taken »

^^ Would this be the Dot Grill:Lounge?
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Re: Selling restaurant and lease of 4 story house, Riverside Phnom Penh

Post by beaker »

AlexUli wrote:Apologize, forgot some details:
US$ 60.000 (incl. all inventory)
Overheads are lease, electric, utilities + salaries (US$ 2.000). Lease income a bit below in low season, in high season over (sold via all major OTAs)
Rooms in need of refit.
Lease renewable - she was saying increase to US$ 1.400 then (to be negotiated with landlord).
Does the overhead $ include food and drink supplies for restaurant too ?
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Re: Selling restaurant and lease of 4 story house, Riverside Phnom Penh

Post by hanno »

Lease income a bit below in low season, in high season over (sold via all major OTAs)
Rooms in need of refit.
The place loses money and the income does not cover the lease. It does indeed sound like a bargain at 60K.
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Re: Selling restaurant and lease of 4 story house, Riverside Phnom Penh

Post by beaker »

48 x 2000 = 96000 + 60000 = $156,000 plus the cost of the food and drink to sell for 4 years and the rooms need renovating ? Doesn't sound that great to me.
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Re: Selling restaurant and lease of 4 story house, Riverside Phnom Penh

Post by bkktrapper »

beaker wrote:48 x 2000 = 96000 + 60000 = $156,000 plus the cost of the food and drink to sell for 4 years and the rooms need renovating ? Doesn't sound that great to me.
Better put 156000$ on black or red at nagaworld.
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