Live Music Bar And Bistro In Bangkok

[SunbeltAsiaAdvisor]

Live Music Bar and Bistro

Location: Bangkok

Listing ID# BKK14106

Price: 2,800,000THB

BUSINESS SUMMARY

Located in one of the trendiest areas of Bangkok, this Live Music Bar and Bistro ran successfully for around two years before closing due to a partnership dispute very recently. An asset sale is therefore being proposed, with assets worth around 4,500,000 baht being offered for 2,800,000 baht. This means that everything is in place to re-open for trade immediately after acquisition. A new workforce would need to be hired, but many of the previous employees would probably be keen to come back, especially as they have hardly had time to look for new employment. There were six full time employees in place before the closure, supported by between four and eight part time workers.

The business is housed within a nice stand alone two storey house with garden seating. Ample room exists to entertain high numbers of customers, with the property having floor space measuring 250 square metres. Rent is set at a rate of 105,000 baht per month. The establishment was previously earning annual receipts totalling roughly 9,000,000 baht, and a full breakdown of net profits after the deduction of overheads will be provided to qualified investors. Customers would quickly return to the entertainment spot if the doors were to re-open in the short term, the owners feel. Asking price: 2,800,000 baht.

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