0825 Lucrative Bar in Downtown Silom, Bangkok for Sale & Rent

 

 

Lucrative Bar in Downtown Silom, Bangkok for Sale & Rent

Listing No. 66-0825

 

•Business:  Bar & Thai registered Company.

•Location:  Silom, Bangkok

•Building:  3 storey single shop-house 

•Size:  approximately 300m2 over 3 levels plus mezzanine & rooftop

•Features:  This single shop house bar is located in a thriving part of Silom only a 2 minute walk from Sala Daeng BTS Station. Outside there is a small terrace area with room for 20 people which is currently used as an overflow from the bar. The interior layout is your standard single shop-house, high ceilings, with a mezzanine level.  To the right is the bar area, rear left is the customer WC and at the back of the premises is the kitchen. On the ground level we have 2 air curtains, 2 wall mounted air con units and numerous fans. There is a mix of seating arrangements, enough for 50 patrons including bar stools, dining tables & chairs and relaxed sofas. Currently there are 2 refrigeration units & 1 Jagermeister unit in the bar area. The mezzanine level is currently used for cabaret shows and comes equipped with a full surround system, including amps, mixer & speakers wired to both the ground and the 2nd floor. There is also stage lighting around the mezzanine and ground level. On the 2nd floor there is currently a private function room which can easily accommodate 50 customers. The 3rd floor consists of a private studio (40 m2 in size) along with 2 WCs & a bathroom. The 4th floor is used for storage and leads out onto the roof.  

•Potential:   Currently a bustling bar which could be improved by extended opening hours, supplying meals, expanding the Cabaret shows to a nightly event and advertising the bar and the events via social media.  

•Tenure:  Leasehold, 12 months renewable

•Staff:  Currently  3 salaried staff, with a monthly payroll of 30,000 baht

•Licenses:  Alcohol, tobacco, music & signage 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:  11,700 Baht a month

•Utilities:  About 20,000 baht a month

•Security:  5,000 Baht a month

•Car Parking:   restricted in this area.

•Business Operational:  Yes – same owner since 2011

•Transition:  The owner will assist in transitioning the business for a short period after settlement, if required

•Reason for Selling:  Re-location

•Revenue:  About  550,000 baht a month

•Net Profit:  About 350,000 baht a month

•Asking Price:   9.5 Million Baht

•Price Negotiable:  Yes, near offers will be considered

•Security Deposit:  N/A

•Key Money:  300,000 Baht payable each year

•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:  A Non-Disclosure Agreement is mandatory;  24 hours’ notice is required to inspect this business.  Inspection times are between 1300 and 1600 Monday to Friday.

•Agents:  No Agent inquiries please

 

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