Lower Sukhumvit Pub For Sale

Business description

Situated in a 5 story shop house in one of lower Sukhumvit road's entertainment sois, this expat run bar has been serving drinks to mainly foreign customers for over 5 years. Open 7 days a week, the bar sees heavy foot traffic both day and night, bringing in customers for drinks and pool from approximately 1:00PM to the early hours of the morning. All licenses are in place and current for a new owner to continue operation. Last year's financial results saw revenues of 4,600,000 Baht bring net profits of 1,600,000 Baht after payment of all expenses. A new owner will benefit from a brand new three year lease at 90,000 Baht per month with a three year extension. There are a total of three full-time staff earning a total of 18,000 Baht per month. The owner is now looking to sell the business as he is ready to move on to a larger project and requires the cash to do so. All is in place for a new owner to continue making profits from day one. There is even on-site accommodation and room to build guestrooms should the new operator decide to do so. The asking price has been placed at 3,100,000 Baht for a quick sale of this highly expandable business.

Asking Price: 3.1 Million Baht

Property information

Real Estate:

Lease

Lease terms:

Lease is good through 2012, then it is on a 3+3 years basis

Leasehold rent:

$30,000 per annum

Living accommodation:

Could have living accommodation on one of the higher floors

Location:

Lower Sukhumvit Road

Premises details:

5 Story Shophouse

Other information

Expansion potential:

Could expand to include guesthouse rooms

Support & training:

Owner can stay on to ensure smooth transition

Reasons for selling:

Moving on to other projects

Trading hours:

13:00 - Late

Financing available:

Yes