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Bar for Sale in Phuket, Thailand

Profitable turnkey European restaurant and bar in prime Phuket; scalable, popular, and highly rated.
This Business is on a Premium Plan
Established 1-5 year(s)
Employees 10 - 50
Legal Entity Private Limited Company
Reported Sales USD 700 - 800 thousand
Run Rate Sales USD 520 thousand
EBITDA Margin 20 - 30 %
Industries Restaurants + 1 more
Locations  Phuket
Local Time 7:06 AM Asia / Bangkok
Listed By Management Member
Status Active
Overall Rating
Full Sale
Asking Price: USD 730 thousand (Native Currency: THB 23,500,000)
Reason: The sale is due to the owner’s relocation and shift in strategic focus outside Thailand.
Includes physical assets worth USD 340 thousand
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Not disclosed
User Verification
Documents
Business Overview
- The business is a steadily growing restaurant that experiences strong seasonal peaks in revenue while maintaining healthy performance throughout the year.
- Prime location at Boat Avenue - Phuket’s most prestigious, high-footfall lifestyle district.
- Client base: large and loyal expat community from the island’s most affluent area, plus high-spending tourists and steady walk-in traffic during high season. Over 20,000 customers served in the past 12 months, with 80%+ repeat visits.
- Revenue model: dine-in focused, with a high average check of $35–45, supported by premium beverage sales.
- Team: professional staff led by an experienced UK head chef and an award-winning bartender; strong operational management in place.
- Design: full renovation completed recently, featuring stylish interiors, indoor/outdoor seating, custom-built bar, high-end equipment, and integrated sound system. The sales have slightly declined due to the renovation.
- Reputation & recognition:
— 5.0 on TripAdvisor (top-ranked), 4.8 on Google (hundreds of reviews)
— Featured in Where to Eat Phuket and other curated local dining guides.
- Brand & marketing assets: trademark, logo files, social media presence, and ready-to-use content strategy included in the sale.
- Promoter experience: founded and operated by a seasoned hospitality & marketing professional with successful projects across Thailand and Europe.
- The business holds both an alcohol and food license.
- Growth potential: scalable concept with strong brand identity and proven operational model, ready for expansion across Phuket and beyond.
Products & Services Overview
Top-selling offerings: fresh and elegant European cuisine with Asian flair, served all day and featured in curated gastronomic events.
Beverage program: signature cocktails, curated wine pairings, and top-shelf spirits, developed by an award-winning head bartender.
Dining experience: refined yet approachable fine dining concept in a premium setting, with elegant indoor seating and a covered terrace.
Assets Overview
Tangible assets:
• Fully equipped commercial kitchen with professional-grade appliances.
• Custom-built bar with installed equipment.
• Premium furniture, including custom-made sofas and indoor/outdoor seating.
• Air-conditioning and ventilation systems (zoned, tropical-rated).
• Cold storage and dry storage areas (on-site).
• Additional off-site storage unit setup under a low-cost lease.
• JBL sound system (indoor and outdoor).
• Lighting fixtures, ceiling fans, tableware, Riedel glassware, and utensils.
• POS system and operational hardware.
• Extensive alcohol inventory, including premium and rare items, transferred as per inventory at time of sale.
• Security system with CCTV cameras.
- Intangible assets:
• Thai Co, Ltd. legal entity (49% foreign / 51% Thai partner), VAT-registered.
• All valid licenses and permits (food, alcohol, restaurant operation).
• Brand identity materials: logo files, branded menus, design templates, custom fonts.
• Active social media accounts and local digital visibility.
• Excellent online reputation: 5.0 on TripAdvisor, 4.8 on Google.
• Featured in local food and travel guides.
• Established supplier base, covering premium ingredients, beverages, and operating supplies.
• Loyal and growing customer base.
• Strong operational team available for transition.
Facilities Overview
Operates from a leased facility, total built-up area: 200 sqm (single-floor layout).
Seating capacity: 40+ (indoor and terrace), with potential to expand outdoor seating area.
Dining zones:
• Indoor dining room - preferred during daytime.
• Covered terrace with ceiling fans - popular for breakfast and dinner.
Bar: Signature bar area with high-end finishes.
Entrances: 2 separate entrances - one for guests, one for deliveries and staff.
Furniture: Comfortable seating, including custom-made sofas seamlessly integrated into the interior design.
Storage:
• On-site: compact cold-storage room + dry storage area.
• Off-site: fully equipped storage facility nearby with minimal rental cost.
Climate & comfort:
• Air-conditioned indoor area.
• Ventilated and breezy terrace under cover.
Restroom: Modern restroom fully renovated recently, designed in line with the restaurant’s interior concept.
Sound system: Premium JBL acoustic system installed both indoors and outdoors.
Renovation: Full renovation completed recently, covering kitchen, bar, ventilation, interiors, guest areas, and sanitary facilities.
Lease terms: Operates under a long-term commercial lease valid for 2 more years with an optional 4-year extension and possibility for further renewal.
Monthly rent - THB 70k.
Capitalization Overview
• The business operates under a Thai Co, Ltd, registered for VAT (Value Added Tax).
• Ownership is structured in compliance with Thai law:
• 49% owned by a foreign shareholder (active business operator).
• 51% held by a Thai partner.
• The company is fully self-funded and 100% debt-free; there are no bank loans, external investors, or outstanding obligations.
• The legal and financial structure is clean, transparent, and ready for smooth transfer or restructuring by the new owner.
Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct. Note that SMERGERS is not liable for any loss, damage, costs, claims and expenses whatsoever arising from transacting with any other user from the website. The final responsibility of conducting a thorough due diligence and taking the transaction forward lies with the users. Please read best practices on SMERGERS.
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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