Sanya Most Elegant Western Restaurant For Sale

Business description

Here is your opportunity to buy the most charming and elegant Italian restaurant and lounge in Sanya (Hainan island).
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Business description:
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Spanning over 500 square meters, very elegantly designed and decorated, with two separate areas of different atmosphere (a more open/wide "greek square" and a more cozy/intimate "arabic sofa lounge"), the restaurant is located on the second floor of a building which also features another successful restaurant and a very busy KTV.
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Easy to spot and to remember main entrance door (at the first floor) in Tunisian style.
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Both classy and cozy, 150 seats excluding the lounge sofas, fully operational kitchen, bar and office.
The elegant lounge area doubles as an ample party/banquet area,
with the possibility to easily accommodate more than 40 people.
This can be exploited for conference dinners or for hosting tourist groups.
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Sanya, with over 15 million tourists last year, is the only tropical resort of China with excellent weather all year round.
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The restaurant is favored by all the local ex-pats, highly appreciated by tourists (25% Chinese, 30% European, 15% American, 30% Russian) and is featured on basically all web sites talking about Sanya and in various travel books. Average spending per person is 12 Euro. Parties average spending: 22 Euro/person.
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Property information:
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Fully licensed, rent 1,400 Euro a month including rent of attached 20 m^2 office. The contract is until end of 2009 and is renewable. Very low monthly costs (around 3,000 Euro all including: rent, fees, security, salaries of employees).

Furniture/Fixtures/Decorations/Inventory value: 45,000 Euro; Stock value: 3,500 Euro.

Property information

Real Estate:

Lease

Lease terms:

Rent only 1400 euro per month. Paid every 6 months. No deposit.

Location:

Central riverside location with great view on the river and vicinity to shopping areas. Several restaurants on the same street.

Other information

Expansion potential:

There is huge potential in Sanya for the continuously developing European tourism, which is bound to reach and overcome the already flourishing Russian tourism. And the coming Beijing olympics are going to further boost all China tourism.

As for the restaurant, its separate lounge area can be turned into nightclub.

Competition / Market:

There are only four other original foreign food restaurants and the market is still in full expansion

Support & training:

We will help the new owner settle in and give all contacts for suppliers and services.

Reasons for selling:

Relocating: owner intends to move to Italy to help with family business

Trading hours:

12:30-23:00

Furniture / Fixtures value:

$66,000

Inventory / Stock value:

$5,000

Contact the seller