Beer Bar In Phuket

<b><font size="5">Beer Bar  </font><br>Location: Phuket  <br>Listing ID# BKK14136<br>Price: 1,100,000THB</b><br><br>BUSINESS SUMMARY<br><br>This Phuket Beer Bar is located in Main Street in Rawai, only 200 metres from Rawai Pier. Highly visible, and very popular with expatriates, the two storey building also provides accommodation for 15 employees who work on a commission basis. Overheads are therefore kept to a minimum as salaries are negligible. Two options exist: the property can be purchased freehold with a Chanote title deed for 8,000,000 baht, or can be acquired leasehold for 1,100,000 baht, with rent of 40,000 baht per month then being applicable on a none year lease contract (three years with two renewal options for three years each). Last year gross income of 2,500,000 baht led to net profit of 1,400,000 baht after the deduction of all expenses. The owner has been in place for the last five years, but has now chosen to begin his retirement. The property measures 120 square metres, but also has a 40 square metre terrace. Asking price: 1,100,000 baht (or 8,000,000 baht freehold).<br><br><br>[sunbelt][/sunbelt]

Edited November 15, 201015 yr by SunbeltAsiaAdvisor