| Date | Header | Price | ||
|---|---|---|---|---|
-- Bar -- Southern Region
-- Phuket -- --
| Edit | |||
| 18/05/2006 | Phuket Bar |
4 700 000 | ||
| BKK12150MC - This 10 year old Phuket Bar has a prime location in the heart of the Patong nightlife zone. Annual receipts of 8,000,000 baht are currently producing net profits of approximately 2,000,000 baht, but the owner will entertain offers as he has too many other business interests. The double unit enterprise has three storeys, and the top two floors could be utilised for short term rentals, owner accommodation, or for business expansion. The bar area itself is big enough for live music performances. A new five year lease is available for the successful investor, with rent payable upfront each year. The first year was recently paid, but a sum of 400,000 baht will be due in April 2007, and every April after that. At the end of the contract a five year option to renew will come into effect. The turnkey concern has seven full time employees in place, and they are paid a total monthly salary of 49,000 baht. Annual revenue 8,000,000 Baht ($200,000) Annual Owner's benefit (earnings before taxes and depreciation) 2,000,000 Baht ($50,000) Furniture, Fixtures & Equipment included in the Investment Price 0 Your Total Investment to own this business 4,700,000 Your Initial Cash Investment Needed 4,700,000 Baht ($117,500) Inventory included in the Investment Price 20,000 Baht ($500) | ||||
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