3 hours ago, Pattaya57 said:

You are such a negative person. Nice doom and gloom thread Leaver

It's a joke.

On 7/30/2023 at 4:36 AM, scubascuba3 said:

Usually bars for sale means they haven't been a success, owner burning cash, of course every bar owner says they made money

Easily proved by looking at the books. Only a idiot would buy without doing due diligence.

22 hours ago, Peterw42 said:

I'm over the darkside, and there is a new bar opening up every week.

 

Mohammad won't be happy about that, horrible place.

9 hours ago, RichardColeman said:

You think that Leo would be any less than 200 up in a western pub ? Least you had a view, and not some darts players bum.

They wouldn't drink that p×ss in a western pub 

11 hours ago, Lucky Bones said:

Not sure if it is optimism or simply ego, but good luck to them all

I believe the constant stream of tourists includes a few recently retired from success back home, with a bundle of cash and ambition and an inability to put their feet up. They may well soon learn Thailand is a different beast...

Owning property in the entertainment zones, and a renovation company is the way to go!

On 7/29/2023 at 11:45 AM, Danderman123 said:

Exactly why this topic was created.

You could well ask that about any topic.

I give up please enlighten me grasshopper?

40 minutes ago, wombat said:

You could well ask that about any topic.

I give up please enlighten me grasshopper?

This topic is about bars and gogo that have closed, or are for sale.

 

 

Nick Dean has just opened his 3rd bar of 4th bar on Soi 7, it has capacity for 200 customers he said, good luck to him, being the ever pessimist I just can’t see where the customers are going to come from.

Just my take after Covid opening rents were cheaper lots of dreamers come along more money than brains. Thank God there will always be them around to give us alternatives.  

The bar or go-go might be for sale I doubt the building. 

10 minutes ago, thailand49 said:

The bar or go-go might be for sale I doubt the building

Heck no.... high rents and key money make that unlikely

Not just bars in Jomtian and Pattaya... many other types of business that flourish on tourists. 

 

Half the tourists now. 

 

Go go bars in Jomtian now... 4 that I know of. It's the same story all over Thailand....especially Bangkoks red light districts. 

 

End of an era 

11 minutes ago, 1happykamper said:

Not just bars in Jomtian and Pattaya... many other types of business that flourish on tourists. 

 

Half the tourists now. 

 

Go go bars in Jomtian now... 4 that I know of. It's the same story all over Thailand....especially Bangkoks red light districts. 

 

End of an era 

I keep saying that about Pattaya, I have lived here for 10 years and have seen a decline in the number of foreigners coming in high season over the years. With the high airfares this is not going to change plus the poor exchange rate, Thailand is no longer a cheap holiday, bar owners open bars with no business plan some open a new one in low season, they then will have few lean months till high season hoping there will be customers, living on hope doesn’t pay the bills.

6 minutes ago, Jumbo1968 said:

I keep saying that about Pattaya, I have lived here for 10 years and have seen a decline in the number of foreigners coming in high season over the years. With the high airfares this is not going to change plus the poor exchange rate, Thailand is no longer a cheap holiday, bar owners open bars with no business plan some open a new one in low season, they then will have few lean months till high season hoping there will be customers, living on hope doesn’t pay the bills.

Your post is spot on.

 

I will go to Philippines next year can't see any point coming back to Thailand again nowadays year after year .

 

It's getting too expensive 

 

Just now, georgegeorgia said:

Your post is spot on.

 

I will go to Philippines next year can't see any point coming back to Thailand again nowadays year after year .

 

It's getting too expensive 

 

In Big C they sell 4 small bottles of Chang for฿134 that’s ฿33 a bottle, yes bars have to make a profit but some sell it for ฿100 plus and even more in go go bars.

Nu Bar in Pattaya didn't survive Covid and is no longer open.  The owners had been in the bar business since at least 2005.  Nu Bar hadn't been in operation that long.  Previously it had a different name and location where it thrived.

39 minutes ago, georgegeorgia said:

I will go to Philippines next year can't see any point coming back to Thailand again nowadays year after year .

You will be back before we even missed you

4 hours ago, Andycoops said:

Easily proved by looking at the books. Only a idiot would buy without doing due diligence.

Had three bars on Samui, one book for tax authorities, one for me, one for suckers.

2 hours ago, jacko45k said:

Heck no.... high rents and key money make that unlikely

True the LengKee family who own many of these building which have been handed down to the kids mortgage free are cash cows now that the demand is back. 

3 hours ago, Hanuman2547 said:

  Nu Bar hadn't been in operation that long.  Previously it had a different name and location where it thrived.

Ehhh??? 

6 hours ago, Jumbo1968 said:

Nick Dean has just opened his 3rd bar of 4th bar on Soi 7, it has capacity for 200 customers he said, good luck to him, being the ever pessimist I just can’t see where the customers are going to come from.

Maybe doesn't need customers, always empty when i go down Soi 7

11 minutes ago, scubascuba3 said:

Maybe doesn't need customers, always empty when i go down Soi 7

You mean like a laundry bar?

10 minutes ago, BenStark said:

You mean like a laundry bar?

Dunno, but they do exist

13 minutes ago, scubascuba3 said:

Dunno, but they do exist

Did,nt you spot the 'no customers allowed' signage? 

39 minutes ago, scubascuba3 said:

Dunno, but they do exist

There is a bar on Soi Bukhao near Soi 21, in the years I have been here it has never has any customers, definitely a laundry bar.

I don’t think the 4 new bars in Soi 7 owned by the same person are laundry bars, I think he genuinely thinks he can make a go of it, good luck to him.

5 hours ago, Hanuman2547 said:

Nu Bar hadn't been in operation that long.  Previously it had a different name and location where it thrived.

Doesn't that mean it was a different bar? Reminds me of the Trigger's broom scene in OFAH ????

20 minutes ago, Jumbo1968 said:

There is a bar on Soi Bukhao near Soi 21, in the years I have been here it has never has any customers, definitely a laundry bar.

I don’t think the 4 new bars in Soi 7 owned by the same person are laundry bars, I think he genuinely thinks he can make a go of it, good luck to him.

If by "laundry bar" you mean that its being used to launder money, please remember that people said the same about certain Indian restaurants Back in the Day. And then when Covid hit, those restaurants closed due to lack of business, which is not a thing in the money laundering business.

On 7/29/2023 at 8:24 PM, Pattaya57 said:

Strange thread. Just because a bar is for sale it's on a death watch?

Even stranger that it seems forgotten that Pattaya bars were closed for over 2 years until June 1, 2022 (start April 9, 2020), and then only allowed to open to midnight. The industry hasn't recovered yet, not by a long shot, so the topic of what will open and close is a bit premature. Any bars which made it through the 2-year lockdown will still be in huge debt.

9 minutes ago, JensenZ said:

Even stranger that it seems forgotten that Pattaya bars were closed for over 2 years until June 1, 2022 (start April 9, 2020), and then only allowed to open to midnight. 

I came back 21 Jan 2022, seem to remember all bars were open for me (don't visit go go's). Not sure why you think it was June 1?

23 minutes ago, Danderman123 said:

If by "laundry bar" you mean that its being used to launder money, please remember that people said the same about certain Indian restaurants Back in the Day. And then when Covid hit, those restaurants closed due to lack of business, which is not a thing in the money laundering business.

I wonder whether they wash money through a bar \ agogo \ other company just for a few years then move to the next. Apparently a off WS agogo was doing it, of course no one admits it bit like using steroids

9 hours ago, Andycoops said:

Easily proved by looking at the books. Only a idiot would buy without doing due diligence.

Does not work.

 

The owner cooks the books or they act real rushed and confused, talk when your there, etc so you can’t review them properly and carefully.