Cheftalk Posted January 27, 2015 Share Posted January 27, 2015 I am looking to buy or rent restaurant in Pattaya,would also consider a partnership with the right person. Myself having hospitality background Would mean I work hands on and train the local staff. The restaurant has to be European But not fine dining. Please leave your email and I will reply for any good leads. 1 Link to comment Share on other sites More sharing options...
Pheat123 Posted January 27, 2015 Share Posted January 27, 2015 Every restaurant is for sale at the right price in Patts Get your trainers on and get looking looking Link to comment Share on other sites More sharing options...
steve187 Posted January 27, 2015 Share Posted January 27, 2015 Every restaurant is for sale at the right price in Patts Get your trainers on and get looking looking same as every bar is for sale, Link to comment Share on other sites More sharing options...
mrshipper Posted January 27, 2015 Share Posted January 27, 2015 Good luck. Never had the balls to do a restaurant. First you want to get enough people...so you advertise like crazy....then too many people come and you don't have enough staff or tables or chefs etc...so then no one comes and your stuck at square one again. SO hard to get right. i prefer easily scaleable business. But what do i know... Link to comment Share on other sites More sharing options...
Popular Post moonseeker Posted January 27, 2015 Popular Post Share Posted January 27, 2015 My 15 yr. Pattaya restaurant/hotel experience, very active and successful I might say, I have now retired due to health reasons: In hindsight it was probably the worst decision of my life getting starting to get actively involved in business in Thailand vs. having stayed a passive "condo" investor or even better just having continued to enjoy life. It depends very much if you are an owner who can adjust to Thainess and mediocre performance overall + all that comes with it and can accept that you will end up being one of many very average, more or less functioning businesses in Pattaya or if you are more the type of guy who likes things well & professionally done and strive to be the best in your class. For the latter, depending on his obsession to do things right, Pattaya can turn into a daily nightmare. I don't have to elaborate, as most of us, the ones who took their pink glasses off, are aware of the situation here. I advise any friend who wants to start a business here, to think very hard about this! I would never, ever do it again, even so I am getting many inquiries and offers for partnerships. Whatever you decide, best of luck! MS> 6 Link to comment Share on other sites More sharing options...
Pheat123 Posted January 27, 2015 Share Posted January 27, 2015 Good luck. Never had the balls to do a restaurant. First you want to get enough people...so you advertise like crazy....then too many people come and you don't have enough staff or tables or chefs etc...so then no one comes and your stuck at square one again. SO hard to get right. i prefer easily scaleable business. But what do i know...What do you know?By this post not a lot 1 Link to comment Share on other sites More sharing options...
Cheftalk Posted January 27, 2015 Author Share Posted January 27, 2015 Thanks for the feedback,I am around Over 25 years in Pattaya,yes it would Need to be run professionally. Link to comment Share on other sites More sharing options...
ThaiSanookGuy Posted January 27, 2015 Share Posted January 27, 2015 I would never open a restaurant to make profit, I would do it only to cove expenses and have my own place to eat with friends. Any business that is "seen" and can be found in Thailand is a problem, anything online can make a lot more money and has no risk to be caught or even pay tax... So, yes, open a restaurant but forget your quiet life and profits... 1 Link to comment Share on other sites More sharing options...
moonseeker Posted January 27, 2015 Share Posted January 27, 2015 I would never open a restaurant to make profit, I would do it only to cove expenses and have my own place to eat with friends. Any business that is "seen" and can be found in Thailand is a problem, anything online can make a lot more money and has no risk to be caught or even pay tax... So, yes, open a restaurant but forget your quiet life and profits... Hi there: Can you point me in the right direction "online-business", please. Regards MS> 1 Link to comment Share on other sites More sharing options...
innerspace Posted January 27, 2015 Share Posted January 27, 2015 Thai visa and pattaya trader classifieds a good online starting point. Or signs on the streets. Or speak to sven at tbac. Lots of restaurants for sale, most selling as unprofitable. If you know what you are doing good luck. If not, steer clear. Link to comment Share on other sites More sharing options...
joepattaya1961 Posted January 27, 2015 Share Posted January 27, 2015 IMHO a restaurant as mentioned by the OP is a place of 13 in a dozen; European food, mediocre, not too fancy. If you really would like to open something long-lasting and maybe even profitable then you should think of concepts like Mata Hari, Bruno's, News Cafe, Casa Pascal, etc. Link to comment Share on other sites More sharing options...
chaiyapoon Posted January 28, 2015 Share Posted January 28, 2015 Why NOT to run a restaurant: 1 Long hours 2 Have to work weekends / Bank holidays 3 Unreliable staff 4 Unhappy customers No matter how good you are 5 Enforcing hygiene standards including cleaning 6 Difficulty in finding good staff 7 High rents or ever increasing rents 8 Finding decent suppliers 9 Dealing with nearly everything yourself 10 Stress and continuous hassle associated with above I could go on but WHY would you want to give yourself the pain? And in THAILAND you can multiply most of these several times over. 2 Link to comment Share on other sites More sharing options...
Popular Post Kaoboi Bebobp Posted January 28, 2015 Popular Post Share Posted January 28, 2015 (edited) One of the worst things facing a business in Thailand is a greedy landlord who, once they see you're successful, will demand a huge rent increase and will not back down due to face issues. At that point you're screwed. Last, this is only my opinion, I believe the Pattaya visitor demographic is changing. Remove the tour groups from the visual field on Beach and Walking Street and what's left? Not so many folks from the Euro/NorthAm segment, in my view, except in the "high season". Edited January 28, 2015 by Kaoboi Bebobp 4 Link to comment Share on other sites More sharing options...
joepattaya1961 Posted January 28, 2015 Share Posted January 28, 2015 Chaiyapoon's item 6 and 7 are most important. There is no such thing as loyal Thai staff. And yes, once the landlord supposes huge successes he will adjust the rent and or the key money accordingly Link to comment Share on other sites More sharing options...
raro Posted January 28, 2015 Share Posted January 28, 2015 Our burger shop is up for sale, send me a pm if interested Link to comment Share on other sites More sharing options...
andywadsworth Posted January 29, 2015 Share Posted January 29, 2015 Check out 1921 Jomtien Beach Road I know the owner wants to sell. There are letting rooms above. 1921 is the address. Link to comment Share on other sites More sharing options...
Kaoboi Bebobp Posted January 29, 2015 Share Posted January 29, 2015 Check out 1921 Jomtien Beach Road I know the owner wants to sell. There are letting rooms above. 1921 is the address. Do you mean 19/21? I've never seen Thai addresses like 1921. 1 Link to comment Share on other sites More sharing options...
BB1950 Posted January 29, 2015 Share Posted January 29, 2015 Check out 1921 Jomtien Beach Road I know the owner wants to sell. There are letting rooms above. 1921 is the address. Do you mean 19/21? I've never seen Thai addresses like 1921. Or it could be 192/1? Link to comment Share on other sites More sharing options...
Cheftalk Posted January 30, 2015 Author Share Posted January 30, 2015 Does not really help much 1921 is this a address? Would appreciate if you let me know the soi no.and name of place. Link to comment Share on other sites More sharing options...
manarak Posted January 30, 2015 Share Posted January 30, 2015 Chaiyapoon's item 6 and 7 are most important. There is no such thing as loyal Thai staff. And yes, once the landlord supposes huge successes he will adjust the rent and or the key money accordingly I think the reason why most restaurants fail is, after a lack of sales, the real estate costs. I know most restaurants are built up using rented premises, but when they are successful, many are up for sale after 2 or 3 years, with 1 or 2 three years options left on the lease. Looks like Sisyphus' work to me. I think non-chain restaurants have the best chance to survive if the restaurant owner also owns the premises or if they are at least on a long term lease registered at the land office. Link to comment Share on other sites More sharing options...
pmugghc Posted January 30, 2015 Share Posted January 30, 2015 (edited) I've sent you a PM. My email is: Edited January 30, 2015 by Rimmer email removed as per forum rules, please use PM function Link to comment Share on other sites More sharing options...
gk10002000 Posted January 30, 2015 Share Posted January 30, 2015 having been involved in two restaurants in the US, blue collar up to excellent steak house, and having been to Thailand and Pattaya over a dozen times over ten years, here is my advice. Buy some dividend paying stocks and bonds instead! If you really want to get involved in Pattaya, then get a place with rooms, a bar etc. You have to get a little complexity in order to make some decent money. However, as others have written, and as I am sure you have a pretty good idea, there are so many headaches there. With the current situation, I think there are just too many bad elements lurking around Pattaya that would be quite a bother to you. Link to comment Share on other sites More sharing options...
crickets Posted January 30, 2015 Share Posted January 30, 2015 U want to go broke? Or maybe just give your wife something to do? Such a risky enterprise in pattaya. Link to comment Share on other sites More sharing options...
boldface Posted January 30, 2015 Share Posted January 30, 2015 The restaurant market is flooded to full capacity already. You need to be pretty sure of yourself to buy someones failed restaurant here if you are offering non fine dining western food (generic) the same as every other one does. Don't do it - you will end up paying someone rent money for a year unless you can buy the building its in. Link to comment Share on other sites More sharing options...
siam2007 Posted January 30, 2015 Share Posted January 30, 2015 I would not recommend to open a Resto in PTY, particularly as the tourist-landscape is indeed changing significantly, but if you INSIST to do so --->>> GERMAN GARDEN RESTAURANT, Naklua Soi 12, is looking for a successor. They have been operating for 9 years and I am sure you could take over the workforce too if that's what you want.... google for the place or show up in person for further inquiries.... Link to comment Share on other sites More sharing options...
manarak Posted January 30, 2015 Share Posted January 30, 2015 (edited) I would not recommend to open a Resto in PTY, particularly as the tourist-landscape is indeed changing significantly, but if you INSIST to do so --->>> GERMAN GARDEN RESTAURANT, Naklua Soi 12, is looking for a successor. They have been operating for 9 years and I am sure you could take over the workforce too if that's what you want.... google for the place or show up in person for further inquiries.... Noooooooooo... the only place in Pattaya where I can get decent grilled pork knuckles ! The grilled chicken is good too! :cry: Edited January 30, 2015 by manarak 1 Link to comment Share on other sites More sharing options...
Basil B Posted January 30, 2015 Share Posted January 30, 2015 The restaurant market is flooded to full capacity already. You need to be pretty sure of yourself to buy someones failed restaurant here if you are offering non fine dining western food (generic) the same as every other one does. Don't do it - you will end up paying someone rent money for a year unless you can buy the building its in. Every restaurateur in Pattaya will tell you that... and they are probably right, but there again if you have something different and original you may just make a gold mine. Link to comment Share on other sites More sharing options...
manarak Posted January 30, 2015 Share Posted January 30, 2015 (edited) The restaurant market is flooded to full capacity already. You need to be pretty sure of yourself to buy someones failed restaurant here if you are offering non fine dining western food (generic) the same as every other one does. Don't do it - you will end up paying someone rent money for a year unless you can buy the building its in. Every restaurateur in Pattaya will tell you that... and they are probably right, but there again if you have something different and original you may just make a gold mine. There is no secret - even in a saturated market, restaurants which consistently deliver good quality and an enjoyable experience for cheap will be successful with locals (and I personally believe being in control of the premises either through ownership or a long term lease is essential). Of course there is also some space on the market for expensive high quality restaurants. Other restaurants are tourist traps, i.e. they can be successful by getting the location, aspect/appeal and marketing right, but customers will just eat there one time, anyway only a small fraction of tourists would come back once or twice during their holidays. These restaurants can tend to close up after a year or two, be for sale, etc. Often located on prime real estate, they also are easy prey for higher rents. Restaurants that are somewhere between the two are IMO doomed to fail. Edited January 30, 2015 by manarak Link to comment Share on other sites More sharing options...
rocketboybkk Posted January 30, 2015 Share Posted January 30, 2015 Too many already imo. Try another business Sent from my iPhone using Tapatalk Link to comment Share on other sites More sharing options...
shirtless Posted January 30, 2015 Share Posted January 30, 2015 Dont do it, at present i see well established restaurants struggling with currencies dropping and a bad high season the odds are stacked against you Link to comment Share on other sites More sharing options...
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