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Viviun -> AD-250303 :  Exicting Opportunity To Acquire Wine Bar In Siem Reap - Wine Bar For Sale in Siem Reap, Siem Reap Cambodia
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Wine Bar For Sale in Siem Reap, Siem Reap Cambodia

Exicting Opportunity To Acquire Wine Bar In Siem Reap

Asking Price: $80,000 USD  (Negotiable - Financing Available)

A unique opportunity to purchase a newly created, profitable and exciting wine bar in Siem Reap. Laying at the heart of Siem Reap right by the river side in a characterful, charming and stylish setting at a stone throw from the bustling nightlife of the city.

The wine bar has all the right ingredients to continue building and taking advantage of the ripening market opportunities in Cambodia and in particular Siem Reap. The business has grown from strength to strength under the guiding hand of serial wine bar and entrepreneur Fred originally from Paris, who sensed a real opportunity to establish the first and only wine bar targeting the rise in wealthier tourists coming to explore the wonders of the Khmer empire. Fred, has managed to design and create a seamless setting based on other successful wine bars in France which manages to attract both locals, expats and visitors alike.

Fred is leaving Cambodia as the opportunity has finally arrived to complete his airline licence and therefore leaves a business, in development with huge opportunities to grow, continued and tangible progress to date despite relatively little marketing and a rising customer base.

Market Opportunities

With over 2 million tourists visiting Siem reap in 2016, with an average year on year growth of 12.5% since 2010, it’s no wonder that Foreign Direct Investment (FDI) has risen by more than 800% in the last ten years, with a real emphasis on entertainment, hotels, and retail expected to continue. This FDI is being supported by the approval and construction of a second airport at Siem Reap, expected to be opened by early 2020, to cater for a city gearing up to become a world class tourist destination for all tourist profiles with the city being flooded with multinational’s interest in the region . The government is also playing a part to drive up the profile of higher disposable income tourists with new policies targeting Foreign retirees in amongst other things .
There is clearly a market opportunity for wine bar in Cambodia as is exemplified by the successful Bouchon wine bar and others in Pnom Phen.

The Wine Bar

This is the only wine bar to date in Siem reap, it clearly distinguishes itself from the other numerous bar offerings of the city (that are in the majority low margin, high volume businesses) by being the only one to be able to offer world class wines, supported by a number of established Food and beverage importers locally, from all over the world. A solid customer and repeat customer base has developed rapidly through word of mouth mainly but always a good foundation for a wine bar, according to Fred.

The setting is stylish, simple and easy to maintain, the bar is within an airconditioned unit of circa 900 sq foot, equipped with fridges, racks and all other fixtures and fittings. The agreeable and stylish terrace of circa 1,100 sq foot gives a relaxing view onto the riverside. The facilities includes WC for guests and a small kitchen.

In the first year alone, the annual revenue is expected to reach $65k – and this is remaining conservative as the high season should drive these up even further. With cash Generation of over $30k, the bar has ample scope to increase on a gross margin model. This has been achieved through little marketing effort, as most of these have been focused on getting the right touch & Feel upon launch.

The lease is on a flat $9,600 pa. and is running into its second out of a three-year lease with an option to further extend for 3 years at the same rate (Excludes electricity as is usual in Cambodia but roughly $2k pa). One experienced full-time staff can mange the day to day operations, and some part time waiters can be easily found to fill in with busy periods or events.

All Fixtures & fittings are included in the asking price (value circa $10k) and current stock levels (circa $1.5k). All local permits have also been obtained and are in order.

Further Opportunities

A number of further opportunities and initiative to continue driving sales and profitability in the next months and years, which in Fred’s experience could contribute to easily tripling or quadrupling the turnover, profit and cash generation achieved in its first year can be:
• Promoting one off events (Fred did this a few times, which proved very successful)
• After work business drinks
• Working in partnership with luxury hotels
• Opening during the day (currently only open in the evenings)
• Organise wine tasting events
• Private events

Contact and next steps

This is a unique and exciting opportunity which could be the perfect investment for retirees that want to retreat in the relaxing and exotic angkorian setting with an established business and contacts. Equally, this would suit an ambitious entrepreneur that can push the solid foundation laid out by Fred, to further push this venture to it’s full yet unreached potential.

If you wish to discuss further or get in touch, please contact Max Baudouin on or contact Fred directly (French is first language) or contact by telephone on +855 10 270 645

You can also checkout some further pictures and details on:
Tripadvisor:
Facebook page:


About This Property

Category:
Restaurants
Address:
Corner Street Achar Street 24 | Cnr St 24,
Siem Reap
Siem Reap
Cambodia
For Sale By:
Owner
Construction Year:
n/a
Area:
200 Sq. Ft
Bedrooms:
n/a
Bathrooms:
n/a
Sleeps:
n/a
Stories:
n/a
Parking Spaces:
n/a



Features - Amenities

  • Lake Waterfront
  • Terrace
  • Furnished
  • This Is The Only Wine Bar To Date In Siem Reap, It Clearly Distinguishes Itself From The Other Numerous Bar Offerings Of The City (that Are In The Majority Low Margin, High Volume Businesses) By Being The Only One To Be Able To Offer World Class Wines, Supported By A Number Of Established Food And Beverage Importers Locally, From All Over The World. A Solid Customer And Repeat Customer Base Has Developed Rapidly Through Word Of Mouth Mainly But Always A Good Foundation For A Wine Bar, According To Fred.
  • The Setting Is Stylish, Simple And Easy To Maintain, The Bar Is Within An Airconditioned Unit Of Circa 900 Sq Foot, Equipped With Fridges, Racks And All Other Fixtures And Fittings. The Agreeable And Stylish Terrace Of Circa 1,100 Sq Foot Gives A Relaxing View Onto The Riverside. The Facilities Includes Wc For Guests And A Small Kitchen.


Pictures  (click to view a larger image)


Contact - More Information

Max Baudouin
 
Phones:   855964785693  (English speaking)
+855 10 270 645  (French Speaking)
Site:   www.facebook.com/fred.siemreap/
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