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   Date    Header Price  
-- Bar -- Eastern Region -- Chonburi -- --   GE Edit
14/03/2008

Pattaya Go-Go Bar near the beach

2 200 000
The owner of this profitable Pattaya Go-Go Bar near the beach has another similar outlet, and has decided that he will part with this one as he has too much on his hands at the present time; he has set an attractive asking price. The bar was established four years ago, and currently earns net profits of around 1,200,000 baht per annum, from receipts of 3,700,000 baht. Assets incorporated in the sale include one fridge and a music system. Two rooms on the upper floors are available for various use. Monthly rent is payable at a rate of 40,000 baht for the double shop house building, and the premises are large enough to seat 74 customers at any given time. The bar is well located, and sits in a major nightlife soi in Central Pattaya. A rolling annual lease is stipulated by the landlord, and he requires key money of 250,000 baht at each renewal; the current owner states that this has never been a problem, and has not prevented him from making good profits in each of his four years of tenure.
Business type: A Go Go Location: Central Pattaya
Lease status: Leasehold
Monthly rent: 40,000 THB .. Lease expires: 06/2007 Option: 1
Sec. Deposit: 80,000 THB Included in sales price: No
Key money: 250,000 THB Frequency: New contract
Bldg. size: 2 shophouse Land size: 0 Storeys: 0
Seats: 74 Rooms: 3
Days open: 7 Hours: 15pm - 01am License: Bar
Parking: Communal 24hr. security: No
FT employees: 20 PT employees: 0 Monthly payroll: 180,000 THB
Fixtures, furniture included except:
Business established: 2002 Current owner: 2002
Fixtures, furniture & equipment valued at: 800,000 THB Incl. in price: Yes
Inventory (at cost) valued at: 20,000 THB Incl. in price: Yes

Gross ann. receipts: 3,700,000 THB Fin. record available: Yes
Net profits: 1,200,000 THB Fin. record available: Yes
Reason for sale: The owner has other businesses to take care of.
Call BB LETS living in China: #### ### ###.
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