Sounds so similar to the bar scene in Pattaya.
Stupid foreigners buying beer bars, then having their Thai gf run it.
The only people making money on small business in Pattaya are the builders (renovation guys) and the sign writer's.
I see the old Oasis GoGo on Buakhao has been renovated again, they tore everything out, stripped it down and refitted it out, the outside was in finished in a gold flake that looked awesome but it was ripped off before the bar opened.
It's got new name again, it was renamed Bling but before opening it was stripped down again, now it has a new name again, looking forward to the opening.