Prime Corner Location Mediterranean Restaurant in Phnom Penh
Listing No. 855-01-02-015
• Business: Restaurant
• Location: Phnom Penh, Cambodia
• Features: This is an amazing opportunity to obtain a 110m2 restaurant in the heart of the entertainment area of Phnom Penh. This extremely popular restaurant is now available for sale, providing 62 covers and offering excellent Mediterranean food and beverages in an open-plan setting. It has been successfully operating since 2016, however its available now as the owner wishes to return to his homeland.
The property was taken on a 6 year lease with over 4 years remaining (as at September 2018). Rent will be increased by 10% for the final two years of the lease. The restaurant is in Sorya Mall and therefore, no business license is necessary as it is under Sorya Mall management company.
The restaurant sale includes furnishings and equipment, stock at the time of settlement (average stock on hand is USD 4,500) and staff have expressed a desire to remain after the sale. The security deposit is not included in the asking price. The owner is willing to assist a new buyer to transition and, because they use POS, financials are available and can be shown at inspection.
This is a large open-plan restaurant with plenty of footfall in the middle of Phnom Penh’s entertainment area with the opportunity to open 24 hours and no business license needed. An inspection will not disappoint.
• Tenure: Business Sale and Rent (Leasehold Premises). 5 years with option to renew (Rolling Lease)
• Asking Price: USD 75,000
• More Information: Please contact us for more information (we require your name, phone number and e-mail address)
Video courtesy of Millennium Trust