Sunbelt Asia

George if you have a multiple non-immigrant "O" visa. That’s good for a year anyway.  When that “o” visa expires in a year, get the "B" visa.

Why not get the "B" at first? If you have an employer who will sponsor you by writing a letter…. Great!

Otherwise the "O" works and works well. You STILL have to get a work permit but can when you form a Thai company yourself.  

Tripxcore... This article was in the Phuket Gazette. Hence why they said Phuket. You can get it as well in Bangkok, Pattaya, Chaing Mai.

Hi Big John,

Good Luck on the Franchisee.

What type of initial franchise fee and royality are you charging? Total investment?

Thanks in advance.

Singa-traz,

Actually three baht is quite common in the prime areas of Bangkok such as directly around Nana and Silom Patpong area.

Novotel Hotel Siam Square charges 5 baht a minute.

And the winner for highest rate in Thailand is...

Phuket Airport where its 100 Baht for every 15 minutes( 6.5 baht per minute)

It all comes down to location. With the high rents you are almost forced to do so unless you get a super lease  like this business has.

The following business was listed on our site at www.sunbeltasia.com It has been acquired and is no longer available..

An Internet Cafe with an A1 location in Sukhumvit Soi Four. With Nana Plaza nearby and a stream of ready made tourist traffic to exploit, this great business is making superb profits of 2.4 million Baht from revenues of 3.8 million Baht. Established now for three years, there is even a loyal local customer base to rely on. The business is fully equipped with high speed equipment, and staffed by a highly regarded team with good language skills. There are ten computers in place and a pop phone e-mail translation system. In Real Estate, everyone looks for location, location, location, but in Businesses For Sale, the winning adage is always location, management and track record. Many businesses don't have all three qualifications, but this internet cafe has them in spades, and all fully documented. The owner is only selling at this bargain price as she is motivated to raise funds to pursue a totally different niche investment. For an asking price of 2.2 million Baht, you will get great profits and assets of a million Baht.

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On another forum, a question was raise was it too good to believe because at one baht a minute. All 10 computers would have to be going for 17 hours.

This is a matter of having all the facts.

For instance this Internet Cafe charges 3 baht a minute. So you would only have to have 3 computers being occupied. Perhaps less with faxes, telephone calls, printing, etc.

History is no guarantee of the future but it does help. An international law firm that charges USD$400 an hour, did a full due diligence on the share holdings, lease and financial records. The new manager who is an ex-business broker in the States did one as well. He looked at the sellers bank statements, looked at her life style and of course her financial records. He spent 5 hours in three different meetings drilling the owner on the business.

Questions were raised why sell it for such a low price when the seller would have the same return in 11 months. Typically to acquire a business, you would have it paid for in 2.5 years. The seller wanted to open an ice cream factory. The business plan and blueprints were asked for by the buyer to confirm the story. They were proudly given by the seller. She had them in her briefcase.

Questions were raised what would stop someone else from opening next door and lowering the price. The reason why is the rent charged in the area. It would be cost prohibited for someone to do so unless it was a hobby. The lease on this building was excellent and anybody else starting a business would have a much higher rent. If they could find a space to begin with!  Most bargirls are lazy and they will gladly pay 3 baht a minute versus one baht a minute 5 minutes away.

That’s why due diligence is important to obtain all the facts and then make an intelligent decision. It does not guarantee you’ll be successful but it sure helps.

Using this as a case study. I would be happy to answer any and all questions. Thank you.