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Selling restaurant and lease of 4 story house, Riverside Phnom Penh
Posted: Sun Feb 07, 2016 12:22 pm
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.
Re: Selling restaurant and lease of 4 story house, Riverside Phnom Penh
Posted: Sun Feb 07, 2016 12:28 pm
by phuketrichard
U forgot the most important part's
HOW MUCH ?
ONLY 4 years left on lease? Renewal possible?
Re: Selling restaurant and lease of 4 story house, Riverside Phnom Penh
Posted: Sun Feb 07, 2016 12:36 pm
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?
Re: Selling restaurant and lease of 4 story house, Riverside Phnom Penh
Posted: Sun Feb 07, 2016 2:26 pm
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?
Re: Selling restaurant and lease of 4 story house, Riverside Phnom Penh
Posted: Mon Feb 08, 2016 12:05 pm
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).
Re: Selling restaurant and lease of 4 story house, Riverside Phnom Penh
Posted: Mon Feb 08, 2016 12:17 pm
by Username Taken
^^ Would this be the Dot Grill:Lounge?
Re: Selling restaurant and lease of 4 story house, Riverside Phnom Penh
Posted: Mon Feb 08, 2016 2:46 pm
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 ?
Re: Selling restaurant and lease of 4 story house, Riverside Phnom Penh
Posted: Mon Feb 08, 2016 4:32 pm
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.
Re: Selling restaurant and lease of 4 story house, Riverside Phnom Penh
Posted: Mon Feb 08, 2016 5:50 pm
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.
Re: Selling restaurant and lease of 4 story house, Riverside Phnom Penh
Posted: Tue Feb 09, 2016 2:56 pm
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.