0002 Large Inside/Outside Roof-top Club & Restaurant in Khao San

Large Inside/Outside Roof-top Club & Restaurant in Khao San
Listing No. 66-0002

• Business: Night Club and Restaurant
• Location: Khao San, Bangkok
• Building: Top Floor (3rd floor) of a main-road facing 3-story building with pavement/road space for customer seating, out the front of the building. Located literally 1 minute walk from Khao San Road, the foot traffic in this area is excellent.
• Size: approximately 500m2 on the rooftop and another 15-20m2 out the front of the building
• Features: Inside and outside seating (some under-cover and some not) for around 250 patrons, this club offers a bit of everything for those wanting to party hard, or just chill-out. There is a pool table, various types of seating – bar, table, low-table, etc and a fully functioning and equipped kitchen. There is a stage for live music, DJ booths, an island bar, a secondary bar and even a management office and large store-room. Downstairs, it’s like an additional business where the Club has exclusive use of the road-side space for passing drinkers and diners – they routinely set-up 9 sets of tables and chairs in this space. Appropriate lighting throughout produces two distinct venue in one – the inside night-club and the outside lounge and restaurant area. Turn-key ready for a new active owner or partner to make it even more successful.
• Options: This business is being sold primarily because the owners cannot devote time to it. The owners are comfortable with an out-right sale of 100%, or they will consider a 50% sale to an active buyer.
• Potential: The owners quite readily admit that their interest in this business has been affected by them having to devote more time to their other businesses and that current revenue is down as a consequence. With the right owner, this business has the potential to make considerably more
• Tenure: Leasehold, 12 months renewable with automatic renewal and unlimited renewal period and NO increase in rent
• Staff: Currently 13 salaried staff, with a monthly payroll of 120,000 baht
• Licenses: Food and alcohol 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. Additionally, it has been reviewed extensively and favorably online in many ‘night-time venue’ websites like clubbingthailand, siam2night, thai2night and trip advisor.
• Rent: 123,000 baht a month
• Utilities: between 20,000 and 23,000 baht a month
• Security: 25,000 baht a month
• Car Parking: Limited customer car parking is available at a nearby hotel and also at nearby temple
• Business Operational: Yes – same owners since August 2014
• Transition: The owners will assist in transitioning the business for a short period after settlement, if required
• Reason for Selling: Owners have other business interests that prevent them from devoting time to this business
• Revenue: About 600,000 baht a month
• Net Profit: About 300,000 baht a month
• Financials: May be made available to genuine buyers, only after inspection
• Asking Price: for 100% purchase – 10 million baht, for 50% purchase – 5 million baht
• Price Negotiable: Yes, near offers will be considered
• Security Deposit: A security Deposit of 400,000 baht has already been paid to the landlord and is included in the asking price if purchased outright.
• 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 1700 and 20000 Monday to Saturday
• Agents: No Agent inquiries please

from Latest listings added - Thailand Property Services http://ift.tt/1FUaPvq
via IFTTT