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   Date    Header Price  
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-- Bar -- Eastern Region -- Chonburi -- --   GE Edit
18/05/2006

10 year old Pattaya Cabaret Bar

1 000 000
UPDATE! This business has recently been reopened and is now available as a turnkey enterprise. The asking price has nevertheless been reduced from 2,200,000 baht to just 1,000,000 baht, as the owner is eager to move on.

BKK11850GW - This 10 year old Pattaya Cabaret Bar was only acquired by the current owner nine months ago. He spent 3,600,000 on renovations and new assets but closed the business after only three months of trade as he was too caught up in another business venture. As the bar is no longer a turnkey operation he will pass on the opportunity to an investor for only 2,200,000 baht. Alternatively he will sub let to the new owner for monthly rent of 50,000 baht and no key money requirement. The business is fully equipped and ready to go, with lighting and sound equipment plus all bar requisites in place. New staff will obviously be required, and monthly rent will be 8,400 baht if the new owner were to buy the business instead of sub letting it. Although the business hardly got off the ground before he closed the doors, the owner reports monthly net profits of 102, 908 baht from receipts of 219,140 baht, and has detailed accounts to prove these figures; this would lead one to assume that annual net profits of 1,000,000 baht are easily attainable.


Furniture, Fixtures & Equipment included in the Investment Price 3,600,000 Baht ($90,000)

Your Total Investment to own this business 1,000,000

Your Initial Cash Investment Needed 1,000,000 Baht ($25,000)

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