Large Beer Bar For Sale (reduced price)

Business description

Fully refurbished beer bar in up & coming part of Pattaya, Thailand, spacious bar 130 sqr mtrs approx, with all new fittings including pool table, lcd tv, disco equipment, laser lights,24 hr cctv,all furniture,includes outside seating area, catering facilities, balconied seating areas overlooking bar.Building has a further three stories which have 9 bedrooms, 7 bathrooms,5 of the b/rooms have air con, the bar is also fully air conditioned.This would be an excellent project for anyone looking for that change of lifestyle & the chance to try living in "LOS" the land of smiles.

Property information

Real Estate:

Lease

Lease terms:

Presently leased year on year, but landlord open to negotiation if longer lease required,will agree to 3+3 year lease.

Living accommodation:

Three stories above the main bar area, consisting of 9 bedrooms,5 bathrooms. These rooms presently occupied by the owner & staff working in the bar who all live in. The rooms could be used for rental purposes if desired.

Location:

This bar located in an up and coming part of Pattaya, the area is enjoying a surge in investment as the Thai tourist authority actively seeks to make the beach front area more family friendly & intends to move the bar areas further back towards soi Bakau & 3rd road.The bar is located on soi 25,named soi Chaiyapoon,situated between these two streets. Property prices have started to reflect these changes in the area.

Other information

Expansion potential:

The catering side of the business has not been utilised, this would certainly improve the already satisfactory returns being realised from this fairly new venture.The area has numerous bar games leagues, pool, darts & so on, the area is also very well known for its golfing, and some bars cater for the needs of golfers

Competition / Market:

Their are of course many bars in Pattaya, but this is one of the better looking,more modern bars with an ever increasing customer base. The bar has only been trading for 6 months, but is already showing favourable returns.There are no obvious problems to be encountered, when in foreign countries simply adhere to the rules & regulations of the local authorities.

Support & training:

Would be willing to have transitional period for handover and any help/training could be provided if required.

Reasons for selling:

Other commitments & not enough hours in the day to give 100%, so having to downsize business interests.

Trading hours:

12:00 -- 02:00

Furniture / Fixtures value:

$25,000

Inventory / Stock value:

$8,000

Contact the seller

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