Leaver Posted January 4, 2021 Author Posted January 4, 2021 (edited) 6 minutes ago, TaaSaparot said: Do you think the Patpong Family really care about the next tenant in a shack on Beach Road? Prime Real Estate. All IMHO No argument from me. The wealthy Thai families that own a high percentage of land here, in prime locations, couldn't care, but that doesn't make it a sound business decision, unless the landlord was waiting for the lease to expire so he can redevelop the plot himself. If this is the case, now he can start construction, in quiet covid time. Edited January 4, 2021 by Leaver 1
scubascuba3 Posted January 4, 2021 Posted January 4, 2021 1 hour ago, TaaSaparot said: Been announced that Tahitian Queen on Beach Road has closed, possibly for good. Only rumours to why at the moment, but it looks like the Landlord did not want to reduce what they were paying for rent, and lets be honest its on prime real estate there, so can you blame him? Another GoGo that probably should have moved when they had a chance. No great loss though, well past it's sell by date. The day time market for gogos is poor even pre-covid, same goes to those other gogos on Soi 13/1 13/2 2
Popular Post Ron jeremy Posted January 4, 2021 Popular Post Posted January 4, 2021 5 hours ago, scubascuba3 said: No great loss though, well past it's sell by date. The day time market for gogos is poor even pre-covid, same goes to those other gogos on Soi 13/1 13/2 I agree the gals were older than the gogo itself, they would fit in great in Chang mai 3
BigStar Posted January 5, 2021 Posted January 5, 2021 19 hours ago, scubascuba3 said: No great loss though, well past it's sell by date. The day time market for gogos is poor even pre-covid, same goes to those other gogos on Soi 13/1 13/2 Any closure, however temporary, of the historic TQ is a loss even if unrecognized by TVF posters well past their sell by dates. TQ had changed its hours, BTW, and was doing OK pre-COVID and even surviving post-COVID, though diminished, owing to superior management and product. TQ has a large following, much of whom can't or won't get back into the country for who knows how much longer. So we'll see what happens after this new lockdown. It's rough on everyone, of course. 1 1
Leaver Posted January 5, 2021 Author Posted January 5, 2021 3 hours ago, BigStar said: Any closure, however temporary, of the historic TQ is a loss Seems to be some debate if the closure is temporary, or permanent, and whether or not this is fake new. I posted this link to The Pattaya Mail on the other thread. (not sure if it's allowed - I have never posted a link to them before) Whilst you don't believe everything you read on the internet, the article appears genuine. https://www.pattayamail.com/featured/tahitian-queen-pattayas-oldest-bar-calls-it-quits-after-42-years-339508 Sadly, I suspect there will be many more permanent closures over the next few months.
Popular Post Leaver Posted January 5, 2021 Author Popular Post Posted January 5, 2021 On 1/4/2021 at 5:42 PM, scubascuba3 said: No great loss though, well past it's sell by date. A lot of "no great loss" adds up to be a big loss, eventually. 2 1 1
VBF Posted January 6, 2021 Posted January 6, 2021 (edited) On 1/5/2021 at 6:43 AM, BigStar said: Any closure, however temporary, of the historic TQ is a loss even if unrecognized by TVF posters well past their sell by dates. TQ had changed its hours, BTW, and was doing OK pre-COVID and even surviving post-COVID, though diminished, owing to superior management and product. TQ has a large following, much of whom can't or won't get back into the country for who knows how much longer. So we'll see what happens after this new lockdown. It's rough on everyone, of course. Whilst not being a regular at TQ, I always made a point of going a couple of times a trip - there will also be a lot of Hashers very sad if this closure is indeed permanent. UPDATE: https://pattayaone.news/farewell-to-tahitian-queen/ Edited January 6, 2021 by VBF
VBF Posted January 6, 2021 Posted January 6, 2021 (edited) 3 hours ago, VBF said: Whilst not being a regular at TQ, I always made a point of going a couple of times a trip - there will also be a lot of Hashers very sad if this closure is indeed permanent. UPDATE: https://pattayaone.news/farewell-to-tahitian-queen/ A further update to this because a reliable friend has emailed me with further information and I'd like to correct what I and others have posted and post what I believe to be the truth. I understand that my friend has access to privileged info but (obviously) cannot attribute anything. Having previously told me, in the strongest terms (!) that it (the story of TQ closing permanently) is untrue, my friend goes on to say that he believes that "Some interested parties are very unhappy that this fake story is going around as it's business sensitive" As he understands things - this closure is temporary due to the Chon Buri provincial lockdown and thereafter hopes (and expects) it to re-open. He also says that "There was NO closing down party on 29th Dec" - as has apparently been stated. I know no more than this - I guess those of you in Pattaya will have to wait and see unless someone who knows the whole story cares to post. Edited January 6, 2021 by VBF
Leaver Posted January 6, 2021 Author Posted January 6, 2021 11 minutes ago, VBF said: A further update to this because a reliable friend has emailed me with further information and I'd like to correct what I and others have posted and post what I believe to be the truth. I understand that my friend has access to privileged info but (obviously) cannot attribute anything. Having previously told me, in the strongest terms (!) that it (the story of TQ closing permanently) is untrue, my friend goes on to say that he believes that "Some interested parties are very unhappy that this fake story is going around as it's business sensitive" As he understands things - this closure is temporary due to the Chon Buri provincial lockdown and thereafter hopes (and expects) it to re-open. He also says that "There was NO closing down party on 29th Dec" - as has apparently been stated. I know no more than this - I guess those of you in Pattaya will have to wait and see unless someone who knows the whole story cares to post. I expect the perpetrators to be charged under the computer crimes act, and for tarnishing Thailand's good image, with nothing less then 20 years gaol. The distress this has caused to mongers, not only in Pattaya, but all around the world, is enormous. ???? 1
VBF Posted January 6, 2021 Posted January 6, 2021 1 minute ago, Leaver said: I expect the perpetrators to be charged under the computer crimes act, and for tarnishing Thailand's good image, with nothing less then 20 years gaol. The distress this has caused to mongers, not only in Pattaya, but all around the world, is enormous. ???? Well it's already got 3 of us in UK arguing! That's why I posted.....????
kingofthemountain Posted January 6, 2021 Posted January 6, 2021 (edited) 10 minutes ago, Leaver said: I expect the perpetrators to be charged under the computer crimes act, and for tarnishing Thailand's good image, with nothing less then 20 years gaol. The distress this has caused to mongers, not only in Pattaya, but all around the world, is enormous. ???? Here we go one of the culprits lol Also Brian Flowers the boss of Night wish group, who is usually well informed about the bar scene in Pattaya, talk about it on his public facebook page Paul Blake Bryan Flowers all good J’aime · Voir la traduction · 2 j Anthony Bridges Been going here for 33 years . Now it's a sad day to see TQ closing down Bryan 6 J’aime · Voir la traduction · 2 j Bryan Flowers Anthony Bridges i could comment or do a case study on that. But I dont want to offend or kick people while they are down. J’aime · Voir la traduction · 2 j Anthony Bridges Bryan Flowers got it Bryan J’aime Edited January 6, 2021 by kingofthemountain
TaaSaparot Posted January 7, 2021 Posted January 7, 2021 Deano's Sports Bar in Jomtien, that had been up for sale anyway, have decided to close. https://www.facebook.com/Deanos-Sports-Bar-585402851811106
Leaver Posted January 8, 2021 Author Posted January 8, 2021 21 hours ago, TaaSaparot said: Deano's Sports Bar in Jomtien, that had been up for sale anyway, have decided to close. https://www.facebook.com/Deanos-Sports-Bar-585402851811106 From the Facebook page. "But due to this covid <deleted> I refuse to sit shut for anothet extended period." So he decides to sit shut permanently.
VBF Posted January 8, 2021 Posted January 8, 2021 4 minutes ago, Leaver said: From the Facebook page. "But due to this covid <deleted> I refuse to sit shut for anothet extended period." So he decides to sit shut permanently. I think it's called "cutting your losses" 1
scubascuba3 Posted January 8, 2021 Posted January 8, 2021 (edited) 5 minutes ago, VBF said: I think it's called "cutting your losses" Pattaya has strange business models though, many make losses all the time until the cash burn eventually ends the pain, any pre-planning prior to buying the place is most likely done on a back of a fag packet Edited January 8, 2021 by scubascuba3 1 1
Popular Post VBF Posted January 8, 2021 Popular Post Posted January 8, 2021 2 minutes ago, scubascuba3 said: Pattaya has strange business models though, many make losses all the time until the cash burn eventually ends the pain, any pre-planning prior to buying the place is most likely done on a back of a fag packet Indeed. A lot of expats in Thailand seem to open businesses on a whim thinking "that sounds like fun" when in their home countries, they would probably practice due diligence. Having thought about it myself back in the eighties, I assume that, like me, they are blinded by their impressions of Thailand, rather than the truth and / or led to the slaughter by an attractive "partner". Glad I thought it through...... 3 1
scubascuba3 Posted January 8, 2021 Posted January 8, 2021 Just now, VBF said: Indeed. A lot of expats in Thailand seem to open businesses on a whim thinking "that sounds like fun" when in their home countries, they would probably practice due diligence. Having thought about it myself back in the eighties, I assume that, like me, they are blinded by their impressions of Thailand, rather than the truth and / or led to the slaughter by an attractive "partner". Glad I thought it through...... Very true, also if they had the option of a profitable 7 Eleven franchise vs a loss making beer bar with pretty girls in it the beer bar would win every time. Also they should seriously ask themselves " am I a pre-alcoholic or alcoholic" if yes don't go any further 1 1
petermik Posted January 8, 2021 Posted January 8, 2021 On 1/4/2021 at 10:09 AM, TaaSaparot said: Another closing today is the long standing Dre's Bar on Soi Buakhao I have been informed Dre has retired and passed the bar,s lease over to a Thai lady friend...
Leaver Posted January 8, 2021 Author Posted January 8, 2021 (edited) 48 minutes ago, VBF said: I think it's called "cutting your losses" I've never met a bar owner who says they have lost money on their bar. ???? Edited January 8, 2021 by Leaver 2
Popular Post kingofthemountain Posted January 8, 2021 Popular Post Posted January 8, 2021 2 hours ago, Leaver said: I've never met a bar owner who says they have lost money on their bar. ???? Most of them live in a fantasy bubble where they are in denial Also in the lot few loud guys bragging at the begining about how they are better than the others how Pattaya and the bar business have no secrets for them and how they want to show to all here how to work and how to make a fortune in no time When the reality wall impact them, they are unable to question themselves and they try at ''all price'' to keep intact the facade, fearing an exodus from their customers (Who want to drink in a declining business with an unhappy boss?) and the mockeries from the others bar owners. The bar scene in Pattaya is pretty small and they more or less all know each others The image of a basket full of crabs comes to my mind Some exceptions with few very nice guys usualy discrets and successful 5
Popular Post Mr Meeseeks Posted January 8, 2021 Popular Post Posted January 8, 2021 Bars are for when you have already made your money and want a hobby. Same as boats. 3
Ron jeremy Posted January 8, 2021 Posted January 8, 2021 5 hours ago, VBF said: Indeed. A lot of expats in Thailand seem to open businesses on a whim thinking "that sounds like fun" when in their home countries, they would probably practice due diligence. Having thought about it myself back in the eighties, I assume that, like me, they are blinded by their impressions of Thailand, rather than the truth and / or led to the slaughter by an attractive "partner". Glad I thought it through...... I am quite certain that is not a single business owner that will honestly say they made the right decision investing in Thailand sad but true 1 1
VBF Posted January 8, 2021 Posted January 8, 2021 (edited) 1 hour ago, Ron jeremy said: I am quite certain that is not a single business owner that will honestly say they made the right decision investing in Thailand sad but true And in response to this and @Leaver 's comment: I knew one guy in Phuket who was honest enough to admit that the only financial benefits he got from his bar was that he could drink at cost price and loads of his mates would come in and buy him drinks. Mind you, he was always ringing the bell, so doubt that was totally a benefit! He did eventually sell the bar whilst he still a had a functioning liver though, so not all bad news. ???? Edited January 8, 2021 by VBF 1
TaaSaparot Posted January 8, 2021 Posted January 8, 2021 8 hours ago, petermik said: I have been informed Dre has retired and passed the bar,s lease over to a Thai lady friend... I have heard similar stories. Yet, the bar has been stripped and is an empty shell now.
scubascuba3 Posted January 8, 2021 Posted January 8, 2021 7 hours ago, Mr Meeseeks said: Bars are for when you have already made your money and want a hobby. Same as boats. Except they don't appear to have enough money
petermik Posted January 9, 2021 Posted January 9, 2021 4 hours ago, TaaSaparot said: I have heard similar stories. Yet, the bar has been stripped and is an empty shell now. Renovating ???? 1
Popular Post Leaver Posted January 9, 2021 Author Popular Post Posted January 9, 2021 16 hours ago, VBF said: And in response to this and @Leaver 's comment: I knew one guy in Phuket who was honest enough to admit that the only financial benefits he got from his bar was that he could drink at cost price and loads of his mates would come in and buy him drinks. Mind you, he was always ringing the bell, so doubt that was totally a benefit! He did eventually sell the bar whilst he still a had a functioning liver though, so not all bad news. ???? Add the purchase price of the bar and key money, and monthly rent and other expenses onto the price of each beer, and he was probably paying 200 baht a beer in his own bar. ???? 3
HashBrownHarry Posted January 9, 2021 Posted January 9, 2021 1 hour ago, Leaver said: Add the purchase price of the bar and key money, and monthly rent and other expenses onto the price of each beer, and he was probably paying 200 baht a beer in his own bar. ???? I doubt it but....if you say so.
Leaver Posted January 9, 2021 Author Posted January 9, 2021 1 hour ago, HashBrownHarry said: I doubt it but....if you say so. Why do you doubt it? In his mind, buying the bar was worth it, because he could drink at wholesale price, but he obviously didn't add on purchase price of the bar, and all the other expenses, to the wholesale price of each beer?
HashBrownHarry Posted January 9, 2021 Posted January 9, 2021 1 minute ago, Leaver said: Why do you doubt it? In his mind, buying the bar was worth it, because he could drink at wholesale price, but he obviously didn't add on purchase price of the bar, and all the other expenses, to the wholesale price of each beer? Are you suggesting he's paying 200 baht per beer.....seriously?
Recommended Posts