- Updated On:
- May 18, 2022
- 4 Bathrooms
- 220 m2
Now up for sale is this fully set-up and furnished restaurant/bar business! It comes with a sole proprietorship business license, with seven (7) employees and a rented property ($1000-1200/monthly) spanning 220 sqm.
Furnished in the style of a minimalist diner, with brick accents, contrasting hues of orange and blue, plenty of light fixtures, seating varieties, and even common activities that your guests can enjoy, this is a unique business primely located within Toul Tom Poung, Phnom Penh. The air-conditioning, oven, refrigerator, and the CCTV system are also included with the sale price together with all the business furniture, fixtures, and other equipment. It’s also located on a street corner, sure to get plenty of foot traffic and visibility from passersby. Whether your target market will be students, local families, or the professional labor force, you’re sure to get their attention with a place like this. More than a mere resto-bar, this is also a great space for live entertainment. The property is actually a renovated shophouse, with the business itself opening in late December 2020. The indoor seating capacity is around 80, while outdoor seating can accommodate up to 20. Aside from the main bar/restaurant space, it comes with four (4) toilets, parking at the front and side of the building, an office, and a small storage room.
According to the owner, business projections for 2021 were $69k after tax, but these were not achievable due to the unforeseen occurrence and impact of the Covid-19 pandemic. Nevertheless, the business managed to stay open, and the owner is confident that the initial projections will be easily possible within the next two years, depending on the rate of tourism upturn. Overall, this business for sale is a fantastic opportunity for someone with a background in the restaurant industry, and a desire to continue with the same concept and increase the sales to meet projections or bring in his own.
The property is located just five (5) minutes from BELTEI International University (Campus 1), the Russian Hospital, Boeung Tumpun Market, and the Royal University of Law and Economics, 10 minutes from Aeon Mall, Orussey Market, and the Independence Monument, and 15 minutes from the Royal Palace, Chea Sim Santhormok High School, and Wat Phnom.