- Listing ID: 799315
- (Seller ref: EBT1046)
Profitable Live Music Pub For Sale
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Summary
- Asking price:
- $1,228,000
- Sales revenue:
- $1,250,000
- Cash flow:
- $417,000
- Years established:
- 5
- Employees:
- 5
Business description
This long-standing and highly profitable Bangkok live music venue has just recently become available due to the owner's desire to retire. Sitting in a prime tourist and expat oriented location, the business occupies over approximately 500 sq. meters on four floors. A new lease has been negotiated directly with the landlord that is valid for over 9 years with all key money paid for the entirety of the lease. Having just been renovated and upgraded, this pub is virtually brand new and is packed nearly every night with multiple bands playing different sets throughout the week. All staff and management are in place and ready to continue with a new owner. Revenues of 35,000,000 Baht in 2008 were brought in and the new management has seen an increase in business in the last few months which project that 2009 will hit over 40,000,000 Baht in sales. After payment of all expenses including rental, salary, bands, etc the pub will show pre-tax net profit of over 15,000,000 Baht. The owner is offering the opportunity to own this lucrative business for 42,000,000 Baht.
Property information
- Real Estate:
- Lease
- Lease terms:
- 9 years left on lease
- Leasehold rent:
- $92,400 per annum
- Premises details:
- 500 SQM on 4 Floors
Other information
- Support & training:
- Owner will be happy to stay to ensure smooth transition
- Reasons for selling:
- Owner Retirement
- Trading hours:
- Afternoon - 4 AM
Contact the seller
For more information about this business for sale, click the Contact Seller button.
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