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SOLD! - Bar with club below, 2.7m Turnover p.a., 43% Net Profit

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Ad
Upgraded:
Thu 10 Aug 2017
Extended:
Thu 10 Aug 2017
Added:
Sun 2 Apr 2017
Expires:
Sun 24 Sep 2017
Ad #:
290249
Views:
3983
Status:
Sold/Expired
Ad Type:
Featured
Name:
Anthony Crabbe
Telephone:
+447596436545 +66655811210
Skype ID:
Member Since:
Sun 2 Apr 2017
Ad IP Country:
Thailand
Ads:
Overview
Category:
Business for Sale/Rent
Sub Category:
Bar/Pub for Sale, Lease
Zone:
Ao Nang
Region:
SW Coast: Phuket & Region
Area:
Krabi/Ao Nang
Country:
Thailand
Detail
Posted By
Owner (not a trader/dealer/agent) 
Premise Sq M
360 
Land Size Sq M
180 
Build/Completion
2001 
Lease or Freehold
Leasehold 
Lease Term
15 months 
Lease Type
Direct 
Lease Renewable
Yes 
Contract/KeyMoney
Key Money 
Company Included
Yes 
Expat Work Permit
No 
Licenses Included
Yes 
Owner Suite
No 
Operational
1 Year + 
Staff #
4-8 
Salaries Monthly
45,000 
Rent Monthly
41,666 
Income Monthly
225,500 
Profit Monthly
43% Net before tax 
Negotiable
Reasonable Offers OK 
Seller Finance
No 
Agents,Co-broker?
No Agents/Brokers 
Description

Bar with club below, 2.7m Turnover p.a., 43% Net Profit

NEW: Now Offering 25% Price Reduction For Quick Sale Due To Timewasters

Fantastic opportunity to buy a successful business in one of the fastest growing tourist destinations in Thailand, and to recover your full investment within the first trading year. Turnover 2.7 million THB a year. Net Profit 43%

This is the largest bar in Soi RCA, the bar street of Ao Nang - an area of outstanding natural beauty, with a beach ranked in the World Top 5.

The 180 sq m bar runs all the way across the end of the street. Below the bar is a 180 sq m self-contained basement club with dance floors, toilets, etc., which the present business has never operated, but has kept in good condition.

The rent is a ground rent, and the bar building and fittings are assets of the business. Rebuild cost is estimated at 2 million baht. Monthly rent for these two premises is fixed at 41,667 THB for the next year and is renewable.

The bar is fully fitted and operational. So you can buy today and run tomorrow. The bar manager is willing to work for an initial period with a new owner, and help them to understand how the business runs, its returning customers, suppliers, licensing, etc.

We have opened a new business, but continue to run the present business with a skeleton staff so that the business can be passed on fully operational in high season. We have priced the business solely on the net profit that we can prove from accounts.

This bargain price includes all bar fittings and fixtures, 3 pool tables, furniture, 2 fridge cabinets, 8 security cameras, 48" TV & channel box, sound system, fans, lighting, newly fitted stock room, dart playing area and 2 large fully tiled toilets.

The business accounts are open to any serious person who signs a non-disclosure agreement. Please do not respond to this advert unless you are in a position to buy within 30 days of contacting us and have a proper understanding of how to run a business in Thailand. There are plenty of internet sites and agencies to advise you about the formalities, and we have wasted a great deal of time talking to people who are not properly informed or truly capable of taking over this business. We are only able to offer a reduced price to well-informed and serious people. Thank you.

Additional info: Send Email | Post a Question?
Price:
1,100,000 THB
Approx:

25,184 GBP  |  28,059 EUR  |  42,383 AUD  |  32,914 USD
44,964 SGD  |  218,993 CNY  |  267,250 SEK  |  1,913,043 RUB
139,629 MYR  |  120,892 AED  |  3,703,704 JPY  |  37,931,034 KRW

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Advertiser Details
Joined Date:
Sun 2 Apr 2017
 
Active Ads:
1
Expired Ads:
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