| Date | Header | Price | ||
|---|---|---|---|---|
| 18/05/2006 | Phuket Bar | 4 700 000 | ||
-- Bar -- Southern Region
-- Phuket -- --
| Edit | |||
| 18/05/2006 | Well established Bar,Bangla Road, Patong |
2 300 000 | ||
| BKK12149MC - This busy, well established Bar is located in Soi Sea Dragon in Bangla Road, Patong, Phuket, which is considered to be one of the best bar locations on the island. The present Thai owner opened the bar 11 years ago, but has now reached the age of retirement. Priced to sell, at an asking price of less then two times earnings in the last financial year, the bar incurs monthly rent of 25,000 baht. Annual receipts of 3,600,000 baht are currently realising net profits of 1,200,000 baht, but the owner is convinced that these figures could more then double in the next year, as business gradually returns to 1994 levels (pre tsunami). Located in a three storey building, the bar has lots of potential, as the top two levels can be used as accommodation, or for expansion of the business. Annual revenue 3,600,000 Baht ($90,000) Annual Owner's benefit (earnings before taxes and depreciation) 1,200,000 Baht ($30,000) Furniture, Fixtures & Equipment included in the Investment Price 150,000 Baht ($3,750) Your Total Investment to own this business 2,300,000 Your Initial Cash Investment Needed 2,300,000 Baht ($57,500) Inventory included in the Investment Price 150,000 Baht ($3,750) | ||||
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