Live Music Venue

[SunbeltAsiaAdvisor]

Live Music Venue

Location: Bangkok

Listing ID# BKK14084

Price: 11,000,000THB

BUSINESS SUMMARY

This Live Music Venue in Bangkok has been operating in the lower Sukhumvit area of Bangkok for around 15 months. Easily reached by the BTS Skytrain and MRT Metro systems, the bar provides nightly live rock music while performance footage of rock legends is shown on banks of LCD monitors during breaks. A sophisticated but chic atmosphere is provided via a stainless steel bar, great stage lighting, wireless guitars and the latest JBL surround sounds. The two storey property has VIP areas on the upper level, each with its own LCD screen.

With 300 square metres of floor space, the large venue can accommodate 250 customers at any given time. Monthly rent is payable at a rate of 300,000 baht, due to the size of the property and the high profile location. The bar was recently renovated and now also boasts a quality PA system, a 32 channel Yamaha mixer, custom made furniture and sound proof walls. Although classic and modern rock music is the norm, indie and jazz music also features at regular intervals. Live sports events are also broadcast and food is available from the well equipped kitchen.

Attracting mainly, but not exclusively, expatriates and tourists, the bar is earning around 6,500,000 baht per annum in gross sales, but is only breaking even. The owner now feels that he has taken the venue as far as he can, and is looking for a knowledgeable investor who can take the bar to the next level. Due to this he is just looking to recoup his investment to this stage. Asking price: 11,000,000 baht.

[sunbelt][/sunbelt]