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   Date    Header Price  
18/05/2006  Bangkok Bar3 490 000
18/05/2006  Pattaya Beer Bar2 500 000
18/05/2006  Pattaya Bar2 000 000
18/05/2006  Pattaya Beer Bar800 000
-- Bar -- Southern Region -- Phuket -- --   GE Edit
18/05/2006

Stunning new Phuket Lounge Bar

 4 900 000
UPDATE! The asking price has now been lowered from 6,600,000 baht to 4,900,000 baht, for a quick sale.

BKK12132MC - This stunning new Phuket Lounge Bar has been constructed to the highest standards, and consists of four floors in total. The top two floors could be used for accommodation, or could be added to the existing business. All relevant licenses are in place for the provision of food, liquor, dancing and live music; in fact the bar is licensed to remain open until 4am, when all surrounding nightspots must close at 1am. The enterprise just needs new management with marketing skills, as there is already a nicely designed functioning website and five full time employees in place. The owner designed and built the establishment over the last year, and only recently opened for trade; consequently it is too early to provide financial results. No expense was spared on the fit out, and the assets are worth around 10,000,000 baht. Monthly rent is set at 50,000 baht, on a three year lease with an option to renew. The business can be acquired for less than asset value, as the owner has over invested in other construction projects, and is now short of funds; he has undertaken all the hard work, and a new investor has a marvellous opportunity to benefit.


Your Total Investment to own this business 4,900,000

Your Initial Cash Investment Needed 4,900,000 Baht ($122,500)

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