0701 Successful Boutique Wine Bar in Central Thong Lor

Successful Boutique Wine Bar in Central Thong Lor

Listing No. 66-0701

 

 

• Business:  Wine Bar
• Location:  Thong Lor, Bangkok
• Building:  3 connected retail shop spaces with large covered verandah.
• Size:  approximately 108m2 inside, plus a generous out-door under-cover seating area
• Features:  Lovingly decorated and located perfectly in central Thong Lor.  The clientele is a mix of westerners and Thai.  The selection of wines, cocktails and food, along with the ambiance of this boutique bar and the expertly trained staff, clearly contribute to its success and popularity.  There is seating inside for 44 and another 25 outside.  The food on offer is cooked off-site and then final prepped and served from the kitchen.
• Options:  This business is operated within a 4 mil baht Thai limited company, which may be transferred to the new owner if required.  Currently, one work permit is on offer with the business.
• Potential:  Food sales are significant and could be improved upon if the new owner made greater use of the kitchen
• Tenure:  Sub Leasehold, 3 years renewable (commenced March 2013)
• Staff:  Currently 4 salaried staff, with a monthly payroll of 72,000 baht plus service charges and tips.  2 other staff work part time when required, typically over the weekends and for functions.
• Licenses:  Alcohol, import/export and music licenses are current and come with the business
• Stock:  Stock remaining at time of settlement is included in the price
• Online:  The business has its own website and face book page which may be transferred to the new owner if required.  It has been reviewed favorably in Trip Advisor, BK Magazine and other online forums
• Rent:  121,000 baht a month
• Utilities:  About 15,000 baht a month
• Security:  5,000 baht a month
• Car Parking:  There are 3 allocated car parking spaces directly outside and about 15 others nearby
• Business Operational:  Yes – began in March 2013
• Transition:  The owner will assist in transitioning the business for a short period after settlement, if required.
• Reason for Selling:  The owner has another non-food related project he must attend to in 2016
• Revenue:  About 1 million baht a month
• Net Profit:  About 400,000 baht a month
• Financials:  May be made available to genuine buyers, only after inspection
• Asking Price:  15 million baht
• Price Negotiable:  Yes, near offers will be considered
• Security Deposit:  187,000 baht paid at the time of settlement to the Lessee.  Subject to compliance with the rental agreement, refundable upon termination of sub lease agreement.  With a new lease, the lessee can ask for 3 months deposit (negotiable)
• Key Money:  N/A
• Sale Terms:  10% deposit (to secure the business and remove it for sale) and the balance within 30 days.  Ownership does not transfer until payment has been received in full
• More Information:  Further details will only be provided after inspection
• Inspections:  24 hours’ notice is required to inspect this business.  Inspection times are between 1000 and 1700 Monday to Friday and between 1000 and 1300 Saturday.
• Agents:  No Agent inquiries please

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