0788 Thong Lor Shop-House – Good Location & Cheap Rent

Thong Lor Shop-House – Good Location & Cheap Rent
Listing No. 66-0788

• Business: Ex Massage Shop
• Location: Thong Lor, Bangkok, Thailand
• Building: Single Shop-House, 3 levels with entry from the ground floor
• Size: approximately 204m2 over 3 levels
• Features: Successfully operated as a Massage for nearly 8 years and more recently as a Noodle Shop, the location is good enough for many F&B/Hospitality businesses. Very close to Sukhumvit Road and the Thong Lor BTS, rent is very reasonable for this area. There are 3 massage rooms on the 2nd floor and 2 air-conditioned rooms with their own shower cubicles on the top floor which would be ideal for staff or owner’s quarters. There is also a small outdoor (under-cover) area on the top floor being used as a laundry room. The ground floor has a kitchen (about 4m x 4m) – kitchen equipment is not included. The main ground floor space is approximately 13m x 4m and has a reception counter/bar, toilet, CCTV, TV, wall fans and an air-conditioner.
• Potential: There could be many uses for this shop-house, but it is probably best suited as a café/restaurant, or as it was – a massage shop. The massage business was quite strong in this location with around 20 patrons a day and many people still coming back looking for the shop! The landlord will not allow it to be used a Japanese restaurant due to the close proximity of the same.
• Tenure: Leasehold, 3 years renewable
• Staff: Operated by owner
• Licenses: Alcohol license is current and comes with the business
• Rent: 15,000 baht a month, rising to 16,500 baht a month upon renewal/new lease
• Utilities: About 8,500 baht a month
• Car Parking: Limited customer car parking is available opposite the shop
• Business Operational: Yes, but only recently converted to a Noodle Shop. Before it was a Massage
• Transition: The owner will assist in transitioning the business for a short period after settlement, if required
• Reason for Selling: Owner’s partner is not well
• Revenue: Not disclosed
• Net Profit: Not disclosed
• Asking Price: 1.2 Million Baht
• Price Negotiable: Yes, near offers will be considered and are expected
• Security Deposit: 49,500 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: 20% 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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