0790 Bar with Rooms Above on Sukhumvit Soi 22 for Sale and Rent

 

 

Bar with Rooms Above on Sukhumvit Soi 22 for Sale and Rent

Listing No. 66-0790

 

 

• Business:  Bar
• Location:  Sukhumvit Soi 22, Sukhumvit, Bangkok.   Close to the old Imperial Queen’s Hotel (soon to be a new Marriott Hotel)
• Building:  Single Shop House – 5 floors with entry from the ground level. 
• Size:  approximately 340m2 over 5 levels
• Features:  The air-conditioned bar, with a small outdoor seating area and toilet are on the ground floor.  There is a double glass front fridge and wall fans.  The upstairs is very much under-utilized.  There are 7 rooms on 4 levels with bathrooms on all floors.  There are 3 bath tubs throughout loaning itself to use as massage rooms or guest accommodation.
• Options:  The landlord of this building also owns the next-door building where the ground level is a bar.  That bar is also for sale, giving a potential buyer the ability to buy/rent both and make one large bar on the ground level.
• Tenure:  Leasehold, 3 years renewable
• Staff:  Currently 3 salaried staff, with a monthly payroll of 26,000 baht
• Licenses:  The bar music license is current and come with the business
• Stock:  Stock is not included in the price
• Rent:  50,000 baht a month
• Utilities:  About 6,000 baht a month
• Security:  2,000 baht a month
• Car Parking:  Limited customer car parking is available in the nearby soi’s
• Business Operational:  Yes, has been operating under this name since 2013
• Transition:  The owner will assist in transitioning the business for a short period after settlement, if required
• Reason for Selling:  Has other business interest outside of Bangkok
• Revenue:  About 180,000 baht a month
• Net Profit:  About 40,000 baht a month
• Financials:  May be made available to genuine buyers, only after inspection
• Asking Price:  600,000 baht
• Price Negotiable:  Yes, near offers will be considered
• Security Deposit:  150,000 baht paid at the time of settlement to the Landlord (negotiable).  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 5pm and 8pm Monday to Saturday
• Agents:  No Agent inquiries please

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