EBT1049 - Hua Hin Gelato Shop in Prime Location For Sale

Occupying an excellent location right on one of the busiest tourist streets in Beautiful Hua Hin, this Italian gelato shop gets regular walk-by traffic each and every day of the year. Running now for 12 years, the owner has decided to offer the profitable business to a buyer who has more energy to run it day-to-day. The assets consist of all that is used in the shop, ice cream fridges and freezers, recipes, all imported ice cream making machines, and a long standing brand. The shop itself has 3 floors with approximately 150 sq. meters. The first floor is the store and the upper two levels can be used for owner and/or staff accommodations. The monthly rental is currently 32,000 Baht and is on a 3-year plus 3-year renewable lease direct with the landlord. The business has always been profitable and in 2008 the shop brought in receipts of approximately 3,000,000 Baht, which netted profits of just over 1,500,000 Baht. The owner states that the vast majority of this is simply walk-by trade and if a new owner was to take a proactive approach, they could easily gain a large number of hotels and restaurants as wholesale customers as well. 

Asking Price: 7 Million Baht