November 12, 2008

Krabi



Scandinavian Restaurant & Guest House, Cafeé Europa was opend in 1990 and have been in business since with the same owner all 14 years, so it is a stable business. It is the only Scandinavian Restaurant in Krabi. The restaurant has a good reputation among the local Thais and Expats living here and is mentioned in a lot of guidebooks fix. Lonely Planet, Loose Guide (the biggest in Germany), Politikens Guide (biggest guide in Denmark), Vagabond (Sweden’s most popular guide), French guides, Japanese guides etc. The restaurant does only European food, best steaks in town, open sandwiches, cheeses and good European style bread. These have been our idea from the beginning only to do European food because then the customers know what they can get/expect and we don’t have to compete with the Thai restaurants and don’t take their business too.

The restaurant has 32 seats and a small bar. Possible to have more tables in the evening. We also have 6 guest rooms for rent, all with fan and shared toilet. The building is 3 stories, (in the center of town) in good condition with newly renovated kitchen. We, own it freehold, so there is no rent or lease. We have 2 work permits for the place and are a registered company.

That’s what we call Chinese bookkeeping, one official and one for private use. So the audited result is not so important for us. The turnover last year was about 2.8 mill baht with a net profit of 1.2 mill baht when everything was paid. We also have net income from our Canoe tour, which we expect to be between 2-300.000 baht for the coming season.

Krabi is booming, we will get an international airport next year in may and expect a lot more business in our low season, which is from may to October. Cafée Europa is “our child” and we hope a new owner will run the business the same way, to keep the good atmosphere/reputation we have build up. We are asking 6.5 mill baht for the business that includes building & company with business from the first day.

Property Summary
Business Type Restaurants/Cafes
Region Southern Thailand
Location Krabi
Bedrooms -
Bathrooms -
Garages -
Building Area -
Land Area -

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