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   Date    Header Price  
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-- Business-other -- Bangkok and Vicinities -- Bangkok -- --   GE Edit
12/05/2006

Bangkok Driving Range

6 500 000
UPDATE! The owner has become highly motivated to find a new investor at the earliest opportunity, and has lowered the asking price from 9,000,000 baht to just 6,500,000 baht.

BKK11556YS - This Bangkok Driving Range has a central Bangkok location, and can accommodate 40 golfers. A well known golf professional opened the business a year ago, but he also has a golf school to run and feels that he cannot devote enough time to manage both ventures. Monthly rent is 120,000 baht for the 8.75 rai (14,000 square metres) enterprise which has parking for 70 cars. The main building has two storeys and incorporates a restaurant, a golf accessory shop and a traditional Thai massage salon. Additional income is generated by a large advertising hoarding, and total profits for the first year of trade came in at 3,260,000 baht, from receipts of 7,765,000 baht. A solid customer base has been built up, largely due to the owner’s renown, and he states that he is willing to retain an affiliation to the venture by continuing to give lessons; he is also prepared to offer owner financing, with an initial investment that suits both parties. In addition, the new owner can take up the existing lease, which runs until 2007 (with a three year option), and gain a rental deposit of 1,840,000 baht. The owner spent 8,000,000 baht to set up the venture 12 months ago, and he has a workforce of 25 full time employees in place, with a total monthly salary of 120,000 baht.


Annual revenue 7,765,986 Baht ($194,150)

Annual Owner's benefit (earnings before taxes and depreciation) 3,260,825 Baht ($81,521)

Furniture, Fixtures & Equipment included in the Investment Price 8,000,000 Baht ($200,000)

Your Total Investment to own this business 650,000

Your Initial Cash Investment Needed 6,500,000 Baht ($162,500)

Inventory included in the Investment Price 0

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