HIgh End Thong Lor Nightclub For Sale

Business description

The owner of this well established Bangkok Nightclub is moving on to concentrate on the expansion of his core business interest, and will consequently listen to offers. The turnkey operation is based in a trendy area of the city, well known for its vibrant nightlife. All assets are included in the sale, and this means the new owner will acquire all equipment, fixtures, goodwill, inventory, trademarks, trade names, and other tangible assets of the business, along with all relevant licenses. The large venue measures 537 square meters, and is spread across two floors; there is consequently room to accommodate up to 1,300 customers.

Total monthly rent of 137,000 baht is payable on two leases (one for each floor) that are both renewable for five years on expiry, at the same fixed rental price. The leases are transferable to the new owner after the payment of three months deposit. Futuristic lighting is featured throughout, and light emitting diodes (LED's) are prevalent, along with interactive tables. A central control room controls the lighting and sound systems, and there is also a DJ booth, a Pioneer sound system worth 4,000,000 baht (still under warranty), three large screen LCD TV's and three fully equipped and computerized bars included in the sale.

Parking is at the rear of the building, with space for 30 vehicles. Full financial details will be provided for interested parties to scrutinize. The owner feels that the asking price of 32,000,000 baht represents good value for money, but he will accept just 6,400,000 baht as an initial investment to facilitate a quick business transfer, with the balance payable in installments to suit both parties. Total Investment to Own: 32 million baht

Property information

Real Estate:

Lease

Other information

Furniture / Fixtures value:

$1,000,000 (included in the asking price)