0786 Prime Location Sukhumvit Soi 33 Bar

Prime Location Sukhumvit Soi 33 Bar Listing No. 66-0786 • Business: Bar, with small kitchen • Location: Sukhumvit Soi 33, Sukhumvit, Bangkok • Building: Single Shop-house with 3 floors plus a mezzanine level. Building fronts the main street and has ground level customer access from the front and staff/supplier access at the back • Size: approximately 244m2 over 4 levels including the mezzanine • Features: This bar is situated right in the middle of the Sukhumvit Soi 33 night-time entertainment area. Surrounded by other bars and restaurants, the soi is popular with tourists and ex-pats alike. It is inviting and full featured with a pool table, inside and outside seating, a large bar counter, sound system, computer and 6 TVs. There is even a gas BBQ and Pop-corn machine included, which are both winners on function nights. The mezzanine (overlooking the main bar area) houses the pool table, kitchen and staff lockers. The next level up (3rd level) is the owners’ suite (complete with bath-tub), a very large partly-furnished staff room and shower/toilet. The top level is the laundry (washing machine included) and storage, including a large lockable storage unit. The kitchen is air-conditioned and is equipped with deep fat fryer, microwave, chest freezer, oven, etc. Parking is available behind the bar for a small fee, and there is rear access leading into the staff kitchen and store-rooms on the ground floor. Toilets and bathrooms through-out are clean and tidy and to Western standard. • Potential: There is a well-equipped kitchen located on the mezzanine level which is currently under-utilized. This feature could quite easily add significantly to the viability of this business in the hands of the right owner • Tenure: Leasehold, 12 months renewable (this is common in this area) • Staff: Currently 3 salaried staff, with a monthly payroll of 30,000 baht. • Licenses: Alcohol and music licenses are current and come with the business • Stock: Stock may be valued at time of settlement and transferred to the new owner at cost price • Online: The business has its own website and face book page which may be transferred to the new owner if required • Rent: 80,000 baht a month • Utilities: About 10,000 baht a month • Security: 2,000 baht a month • Car Parking: Limited customer car parking is available behind the bar and in the nearby soi’s • Business Operational: Yes – trading under its current name since April 2015, and prior to that under a different name • Transition: The owner will assist in transitioning the business for a short period after settlement, if required • Reason for Selling: Owner has been offered a job he would like to pursue • Revenue: About 300,000 baht a month • Net Profit: About 50,000 baht a month • Financials: May be made available to genuine buyers, only after inspection • Asking Price: 1.5 million baht • Price Negotiable: Yes, near offers will be considered • Security Deposit: 240,000 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 1700 and 2000 Monday to Saturday • Agents: No Agent inquiries please

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