Restaurant in Kula Lumpur suitable for Foreign Owner
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  • Restaurant in Kula Lumpur suitable for Foreign Owner
For Sale and Rent

Restaurant in Kula Lumpur suitable for Foreign Owner

Listing Number:

  • 060-13-01-001

Asking Price:

  • MYR 300,000

Food and Beverages Restaurant
Kuala Lumpur Bukit Bintang Wilayah Persekutuan

Business Details

Company:

  • A MYR 1,000,000 Limited Liability Company is included in this sale offer if required.

Licenses:

The following licenses are included:
  • Food
  • Other

Seating Capacity:
11 Tables.Seating for approximately 70 at:

  • Standard Tables
  • Dining Booths

Average Monthly Electricity:

  • MYR 1,250

Average Monthly Water:

  • MYR 35

Property Details

Tenure:

  • Business Sale and Rent (Leasehold Premises). 2 years with option to renew (Rolling Lease).

Rent:

  • MYR 3,000 per month. Payable monthly in advance

Security Deposit:

  • MYR 8,000.

Connected Utilities:

  • Power
  • Water

Stock:

  • Stock at the time of settlement is not Included in the asking price

Security:

  • MYR 0 per month

Price Negotiable:

  • Yes, near offers will be considered

Agent's Comments

This restaurant, with a seating capacity of up to 70 began operations in 2015 and, due to the owners' other business commitments overseas, ceased trading in September 2019. Being fully equipped and furnished, although the restaurant is no longer trading, it is setup and ready to go for a new owner. It is ideal for foreign ownership as all licenses are current (DBKL, ESD, Annual Audit and Tax Paid, etc), there is an active bank account and of course a company (with approved capital of MYR 1,000,000). This restaurant is more or less 'turnkey' for foreign investors wanting to domicile and work in Kuala Lumpur as it would save them a lot of time and effort in establishing all of the necessary documents to comply with immigration requirements. When open, the restaurant supported 3 full-time and one part-time staff. The restaurant is located well and is very nearby a major university. With very low rent and a 2-year renewable lease, the restaurant owners are pleased to offer you this excellent opportunity at a realistic price. As the restaurant is now closed, please contact us for a viewing.