Profitable Massage in Excellent Sukhumvit Location
Listing No. 66-0721
- Business: Massage
- Location: Sukhumvit Soi 23, Bangkok
- Building: Single front shop-house with 6 levels including the roof-top. Entry from street level
- Size: approximately 340m2 over the 6 levels, plus a small outside seating area at the front of the building
- Features: The ground level has 2 private oil rooms, one with a bathtub and one with a shower. There is also another separate bathroom and toilet, and a curtained off area with 4 massage beds for Thai massage. The reception area has a reception counter, 4 massage chairs, a fridge and sound system. All rooms on the ground level are air conditioned. The 2nd level is a large mezzanine level and has 3 air conditioned private Thai massage rooms, and a bathroom. The 3rd level has a front balcony, bathroom and washing machine. The current owners live ‘rent-free’ on the 4th level. Their room is air conditioned and has a front balcony. There is a bathroom on this level also. The 5th level has 2 rooms and a bathroom. One of the rooms is air conditioned. The rooftop also has a room and a bathroom. Beer is sold on the premises and accounts for about 450,000 baht in revenue per annum. This initiative, the long daily trading hours (1030 till 0600), and the fact that staff work only for commission, makes this massage very profitable
- Potential: The daily trading hours were only recently extended till 6am and already this is producing very good results. Revenue figures shown below are expected to rise over the coming months as the new trading hours become better known
- Tenure: Leasehold, 3 years renewable
- Staff: currently 14 staff who all work on a commission basis
- Licenses: Massage and Alcohol licenses are current and are provided with the business
- Stock: Stock remaining at time of settlement is included in the price
- Online: The Massage has its own one page website which may be transferred to the new owner if required. It also features in some online reviews of massage shops and businesses in Soi 23
- Rent: 68,000 baht a month
- Utilities: between 5,500 baht and 10,000 baht a month
- Security: 5,000 baht a month
- Car Parking: Limited car parking is available in the nearby Soi’s
- Business Operational: Yes – same owner for past 2 years
- Transition: The owner will assist in transitioning the business for a short period after settlement, if required.
- Reason for Selling: Current owners are starting a new family
- Revenue: between 300,000 and 350,000 baht a month
- Net Profit: between 190,000 and 220,000 baht a month
- Financials: The Massage Register may be viewed by genuine buyers, only after inspection
- Asking Price: 4.6 million baht
- Price Negotiable: Yes, near offers will be considered
- Security Deposit: 136,000 baht paid at the time of settlement to the Landlord. Subject to compliance with the rental agreement, refundable upon termination of lease agreement
- 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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