0700 New Bar in Major Hotel in Sukhumvit for Sale and Rent

New Bar in Major Hotel in Sukhumvit for Sale and Rent

Listing No. 66-0700

 

• Business:  Bar
• Location:  Sukhumvit, Bangkok
• Building:  Large ground level retail space in new hotel complex
• Size:  approximately 120m2
• Features:  This bar is new and spacious; it seats 15 at the bar counter and over 30 in high-tables and lounge/chair seating.  It is air-conditioned and has ceiling fans, down lights and 4 wall mounted TVs (connected with TRUE, Astro and CTH).  Behind the bar is a double glass-front fridge, under counter fridge, tap (draft) beers, espresso machine and a stainless steel ice chest.  Currently opening at 10am and closing around 3am daily, the bar can (contractually) actually trade till 4am.  Business comes from the passing foot traffic, hotel guests and long time customers of the former bar owned by the current owner nearby.  Many of the airline staff who stay at the hotel, including JETSTAR, OMAR and BA, use this bar as their ‘local’ when in Bangkok.
• Tenure:  Leasehold, 3 years renewable
• Staff:  Currently 5 salaried staff, with a monthly payroll of 36,000 baht
• Licenses:  Alcohol 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 face book page which may be transferred to the new owner if required. 
• Rent:  240,000 baht a month increasing 2% per annum
• Utilities:  About 20,000 baht a month
• Security:  3,000 baht a month
• Car Parking:  Car parking is available in the hotel under-ground car park
• Business Operational:  Yes – current owner is the first tenant in this location and previously traded nearby under the same name
• Transition:  The owner will assist in transitioning the business for a short period after settlement, if required.
• Reason for Selling:  Lifestyle change
• Revenue:  About 600,000 baht a month during low season, and 900,000 baht a month in high season
• Net Profit:  About 200,000 baht a month
• Financials:  May be made available to genuine buyers, only after inspection
• Asking Price:  7 million baht
• Price Negotiable:  Yes, near offers will be considered
• Security Deposit:  1 million 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 1900 Monday to Saturday.
• Agents:  No Agent inquiries please

 

 

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