Sukhumvit Bar

[SunbeltAsiaAdvisor]

Sukhumvit Bar

Plcae: Bangkok

Listing ID# BKK13874

Price: 600,000THB

BUSINESS SUMMARY

The owner of this well established Bangkok Bar is putting the business up for sale as he wished to pursue another business opportunity in another part of the country. The bar is located in the lower Sukhumvit area of the city, in a well known nightlife zone, and benefits from good awareness amongst both the tourist and expatriate communities. A healthy customer base featuring many regular patrons has been therefore built up since the bar began trading around 24 years ago.

Two spacious rooms suitable for personal accommodation or rooms for rent sit above the bar; these are air-conditioned and complete with television sets and en-suite bathrooms. A registered company providing a work permit is included in the sale. Total floor space measures 100 square metres on four floors (25 square metres per floor). Cash flow has deteriorated recently, due to the owner’s absence, so a realistic asking price has been set for a quick sale.

The owner feels that previous totals can easily be achieved with a new owner onsite, and will provide financial details for previous years. In the last financial year receipts totalling roughly 900,000 baht yielded net profits of approximately 250,000 baht after the deduction of overheads such as monthly rent (10,000 baht) and monthly salaries (13,000 baht for three employees). As assets worth around 500,000 baht will be passed on, along with an inventory of stock normally worth around 50,000 baht, the sale can be regarded as an asset sale. Asking price: 600,000 baht.

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