Bar² In Bangkok

Bar

Location: Bangkok

Listing ID# BKK14122

Price: 2,800,000THB

BUSINESS SUMMARY

This Bangkok Bar has run successfully for over seven years. An excellent lower Sukhumvit location means the bar is close to hotels, restaurants and a busy BTS Skytrain station. The five storey shop house contains floor space of roughly 270 square metres and consists of the ground floor bar, a separate kitchen area, three floors with en-suite rooms for rent and one floor dedicated to staff accommodation.

An entertainment license has been secured, allowing the bar owner to provide live music or go-go dancing. The bar can comfortably seat 40 customers and there are 10 full time staff, on salaries totalling roughly 40,000 baht per month, employed to take care of them. As the vendors own the building there will be no need to negotiate a lease with a third party; a three year, six year or nine year lease is on offer, with rent payable at a rate of 95,000 baht per month.

Last year’s audited accounts show a net profit of approximately 1,140,000 baht, before taking account of the owners’ salaries and depreciation, after all overheads were deducted from receipts that totalled 5,106,000 baht. All assets are included in the sale, and these include a sound system, TV’s, sofas, tables and chairs. An asking price that is roughly equivalent to two and a half year’s earnings has been set, to reflect the business’s profitability and the long lease which is available. Asking price: 2,800,000 baht.

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