Affordable Bar In Bangkok For Quick Sale For Sale

Business description

This bar has its own personality. It is located on very busy Sukhumvit, just opposite of PB Tower and in the middle of local nightlife area.

The first and second floors have been fully renovated, with three separate sound systems covering all areas.
The front area has a pool table for those interested in relaxing with a rounds of billiards.

All main areas have separate sound systems that are operated by a DJ from his own booth. Second floor sound system is operated separately.

There are four TVs and a projector that are showing live sports every evening. There is also a fully equipped kitchen. The third floor is currently used as living quarters for some of the staff.

Monthly rent for the place is an affordable 20,000 Baht, and the lease agreement is a renewable 3-year one. All the licences and copyrights have been paid. The music rights cover basically anything that copyrights can cover in Thailand.

The selling price is very low, because the owner wants to sell quickly and focus on his main business.

Feel free to contact seller below for more information..

Property information

Real Estate:

Lease

Lease terms:

3-year renewable with a 3-month deposit paid (returned to the owner after lease period)

Leasehold rent:

$7,500 per annum

Living accommodation:

Part of the 2nd and the whole third floors are currently used for accommodation.

Location:

Sukhumvit 71

Premises details:

A bar and karaoke with all licences and copyrights paid. The first floor contains of an outdoor bar, main indoor area, bar counter and backyard with a kitchen and toilets. Second floor has a fully equipped VIP area, another room and toilets. The third floor is now being used for accommodation.

Business Operation

Expansion potential:

2nd and 3rd floors can be used for expansion

Competition / Market:

All other bars and karaokes in town. In this are this is the only bar though.

Reasons for selling:

Lack of time.

Trading hours:

18-02

Employees:

5-7

Other information

Furniture / Fixtures value:

$15,000

Inventory / Stock value:

$1,500 (included in the asking price)