Popular Post webfact Posted December 8, 2021 Popular Post Share Posted December 8, 2021 Picture: Daily News Daily News reported that Thai netizens were busy sharing a business for sale advertisement with a difference. It was what Thais call an "Ab Ob Nuat" or soapy massage parlor. For just 470 million baht you could have the 140 room establishment on Arun Amarin Road in the Pin Klao area of Bangkok. Picture: Daily News There were staff to run the three rai property that has three buildings and five floors including a 50 table cafe. It was all quite legitimate. Profits were 3 - 6 million per month. Picture: Daily News The reason for the sale? The owner was getting on in years and has no heirs. Picture: Daily News It was also reported that after the business was put up for sale a few months ago there is an interested buyer and finer details are now being worked out. Long Stay Visa Health Insurance Plans -- © Copyright ASEAN NOW 2021-12-08 - Whatever you're going through, the Samaritans are here for you - Follow ASEAN NOW on LINE for breaking COVID-19 updates Get your business in front of millions of customers who read ASEAN NOW with an interest in Thailand every month - email [email protected] for more information Picture: Daily News 4 Link to comment Share on other sites More sharing options...
ezzra Posted December 8, 2021 Share Posted December 8, 2021 This place and similar used to be a gold mine but with today's uncertainty of this and that viruses better to sell off and walk away and wait for better days and re-open again somewhere else... 1 Link to comment Share on other sites More sharing options...
Popular Post khunPer Posted December 8, 2021 Popular Post Share Posted December 8, 2021 1 hour ago, webfact said: It was all quite legitimate. Sounds like an excellent investment then... 1 2 Link to comment Share on other sites More sharing options...
Popular Post klauskunkel Posted December 8, 2021 Popular Post Share Posted December 8, 2021 Idly wondering which General will be the new owner. 8 5 Link to comment Share on other sites More sharing options...
wombat Posted December 8, 2021 Share Posted December 8, 2021 3 hours ago, webfact said: 470 million baht and an old boy...the no hairs will come. 1 Link to comment Share on other sites More sharing options...
Popular Post RichardColeman Posted December 8, 2021 Popular Post Share Posted December 8, 2021 costs 470 million and takes 3-6 million a month ? Not sure I'd want a risky business , that would take potentially over 13 years to just get my money back before actually paying me a profit 4 Link to comment Share on other sites More sharing options...
Liverpool Lou Posted December 8, 2021 Share Posted December 8, 2021 9 minutes ago, RichardColeman said: costs 470 million and takes 3-6 million a month ? Not sure I'd want a risky business , that would take potentially over 13 years to just get my money back before actually paying me a profit Those will be the legitimate massage/café revenues in the books, the actual revenue could easily be two or three times that! 1 Link to comment Share on other sites More sharing options...
alanrchase Posted December 8, 2021 Share Posted December 8, 2021 5 minutes ago, RichardColeman said: costs 470 million and takes 3-6 million a month ? Not sure I'd want a risky business , that would take potentially over 13 years to just get my money back before actually paying me a profit The three rai of land it is sitting on in Bangkok is probably worth a fair bit on it's own so nowhere near 13 years to get your money back. 1 Link to comment Share on other sites More sharing options...
Popular Post kingstonkid Posted December 8, 2021 Popular Post Share Posted December 8, 2021 I have a suggestion why don't we form a consortium and buy it under the ASEAN NOW BANNER 1 6 Link to comment Share on other sites More sharing options...
JCauto Posted December 8, 2021 Share Posted December 8, 2021 9 minutes ago, Liverpool Lou said: Those will be the legitimate massage/café revenues in the books, the actual revenue could easily be two or three times that! So could the actual costs which would also be off the books! Shady as, if you've not got the "connections", you do not want to be in this business. 1 Link to comment Share on other sites More sharing options...
Gsxrnz Posted December 8, 2021 Share Posted December 8, 2021 1 minute ago, kingstonkid said: I have a suggestion why don't we form a consortium and buy it under the ASEAN NOW BANNER Good idea - I'm a qualified accountant and I shotgun the position of Treasurer. Send me the money! 1 Link to comment Share on other sites More sharing options...
Sydebolle Posted December 8, 2021 Share Posted December 8, 2021 If I had 470 million I would certainly just enjoy the fruits of my savings. With a life expectancy of, say 30 years, it makes 16 million a year or more than one million Baht a month. That is without interest and compound interest. But yeah, a general receiving his year-end bonus for his dedicated work for the public and the good of the country, might opt for this money-parking option and whoever thinks of laundering now .... misunderstands what a soapy is for in the first place ???? Link to comment Share on other sites More sharing options...
Gsxrnz Posted December 8, 2021 Share Posted December 8, 2021 At circa 50M profit (assuming after tax) per annum it's a steal. Allowing for a notional rental ROI of say 8% (37.6M) that leaves you with 12.4M of free money, plus capital gain. Only one thing missing in the equation - customers. Link to comment Share on other sites More sharing options...
Popular Post Pravda Posted December 8, 2021 Popular Post Share Posted December 8, 2021 3 hours ago, webfact said: Ab Ob Nuat Now I know what to say when immigration asks me if I can speak Thai 1 4 Link to comment Share on other sites More sharing options...
Liverpool Lou Posted December 8, 2021 Share Posted December 8, 2021 10 minutes ago, JCauto said: So could the actual costs which would also be off the books! Shady as, if you've not got the "connections", you do not want to be in this business. Anyone who buys this business will instantly have the connections needed if they don't have them already! 1 Link to comment Share on other sites More sharing options...
worgeordie Posted December 8, 2021 Share Posted December 8, 2021 3 hours ago, webfact said: Profits were 3 - 6 million per month. and now ....? regards Worgeordie Link to comment Share on other sites More sharing options...
hotchilli Posted December 8, 2021 Share Posted December 8, 2021 4 hours ago, webfact said: The owner was getting on in years and has no heirs What's alopecia got to do with it? Link to comment Share on other sites More sharing options...
yogi yogi Posted December 8, 2021 Share Posted December 8, 2021 what is a soapy massage. they massage you with soap? i prefer oil. Link to comment Share on other sites More sharing options...
tonray Posted December 8, 2021 Share Posted December 8, 2021 2 hours ago, klauskunkel said: Idly wondering which General will be the new owner. They're all silent partners anyway. 2 Link to comment Share on other sites More sharing options...
EVENKEEL Posted December 8, 2021 Share Posted December 8, 2021 2 hours ago, Gsxrnz said: Good idea - I'm a qualified accountant and I shotgun the position of Treasurer. Send me the money! Only if I can be quality control. Link to comment Share on other sites More sharing options...
ArcticFox Posted December 8, 2021 Share Posted December 8, 2021 Given the drive to eliminate all Night Entertainment, I doubt they can give it away. Link to comment Share on other sites More sharing options...
BritManToo Posted December 8, 2021 Share Posted December 8, 2021 4 hours ago, Pravda said: Now I know what to say when immigration asks me if I can speak Thai It's actually "Ap, Op, Nuat, Nap" ...... but they rarely say the "Nap" Which roughly translates as Wash, perfume, massage, <deleted> 2 Link to comment Share on other sites More sharing options...
Mac Mickmanus Posted December 8, 2021 Share Posted December 8, 2021 4 hours ago, RichardColeman said: costs 470 million and takes 3-6 million a month ? Not sure I'd want a risky business , that would take potentially over 13 years to just get my money back before actually paying me a profit After that time, you would have gotten your initial investment back and also then be the owner of a property worth 470 million , so, you would have doubled your money in that time frame 2 Link to comment Share on other sites More sharing options...
mikeymike100 Posted December 8, 2021 Share Posted December 8, 2021 One of Bangkok’s most famous soapy massage parlours up for sale for 470 million baht So is that price negotiable?? Link to comment Share on other sites More sharing options...
steven100 Posted December 8, 2021 Share Posted December 8, 2021 4 hours ago, worgeordie said: and now ....? regards Worgeordie 3 - 6 hundred baht per month 1 Link to comment Share on other sites More sharing options...
steven100 Posted December 8, 2021 Share Posted December 8, 2021 (edited) will they take a cheque by any chance ...... Edited December 8, 2021 by steven100 Link to comment Share on other sites More sharing options...
natway09 Posted December 8, 2021 Share Posted December 8, 2021 If we could incorporate a casino in there somehow ????? 2 Link to comment Share on other sites More sharing options...
mancub Posted December 8, 2021 Share Posted December 8, 2021 3 hours ago, BritManToo said: It's actually "Ap, Op, Nuat, Nap" ...... but they rarely say the "Nap" Which roughly translates as Wash, perfume, massage, <deleted> Nothing better than an afternoon nap ! Link to comment Share on other sites More sharing options...
Kinnock Posted December 8, 2021 Share Posted December 8, 2021 (edited) 8 hours ago, RichardColeman said: costs 470 million and takes 3-6 million a month ? Not sure I'd want a risky business , that would take potentially over 13 years to just get my money back before actually paying me a profit Assuming a 20% profit margin (before tax and 'tax'), it could take even longer than that. Could only make business sense as a money laundering operation. Edited December 8, 2021 by Kinnock Link to comment Share on other sites More sharing options...
Kinnock Posted December 8, 2021 Share Posted December 8, 2021 (edited) 6 minutes ago, Kinnock said: Deleted duplicate post Edited December 8, 2021 by Kinnock Link to comment Share on other sites More sharing options...
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