0911 Mixed Business in Ban Amphur south of Pattaya

 

Mixed Business in Ban Amphur south of Pattaya

Listing No. 66-0911

 

• Business:  Bar, Restaurant, Massage and Laundry Business
• Location:  Ban Amphur, Thailand.  Approximately 100m from the beach
• Building:  There are three buildings surrounding a pool in a village of about 100 villas
• Features:  This business has been created to operate with minimal owner participation.  Staff work on commission only and virtually operate the business on their own.  The clientele comes largely from the occupants of the villas who are mainly ex-pats and Western tourists. The villas are generally full during high season and somewhat emptier during the low season.  The pool-side bar and restaurant cater for breakfast, lunch and dinner opening at 8am and typically closing around 10pm daily.  The kitchen is outdoors and comes with standard equipment – fridge, freezer, microwave, etc.  The pool is maintained by the complex owners.  The laundry has 2 washing machines and the massage room has 1 foot massage station and 3 massage tables – two for oil massage and one for Thai massage.  Upstairs, above the massage and laundry is an owners room with en-suite bathroom and air-conditioning.
• Tenure:  Leasehold, 3 years renewable (3 + 3)
• Staff:  Currently 2 staff who work on commission only
• Licenses:  An alcohol license is current and comes with the business
• Stock:  Stock remaining at time of settlement is included in the price
• Rent:  10,000 baht a month rising to 15,000 baht a month from 1 July 2016 (then 3% rises every renewal from 1 June 2018).  Rent is currently paid through to December 2015 and is paid 6 monthly in advance
• Utilities:  between 1,800 baht and 2,300 baht a month
• Car Parking:  Limited customer car parking is available nearby
• Business Operational:  Yes
• Transition:  The owner will assist in transitioning the business for a short period after settlement, if required
• Reason for Selling:  Owner wishes to seek new investments
• Revenue:  undisclosed
• Net Profit:  undisclosed
• Asking Price:  650,000 baht
• Price Negotiable:  Yes, near offers will be considered
• Security Deposit:  60,000 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:  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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