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  1. #51
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    Quote Originally Posted by sabang View Post
    He's doing well in a highly competitive market- good on the bloke.
    The bars are all run by investors. The biggest competition they face is from each other.

  2. #52
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    Quote Originally Posted by tamadah View Post
    Quote Originally Posted by Scottish Gary View Post
    Quote Originally Posted by tamadah View Post
    Quote Originally Posted by Headworx View Post
    ^It's the old O'Neils on SCC. I haven't been there, even when it was O'Neils, but have driven past many times on the way to/from golf.
    Nicely done up place but don't know if they retained any of O'Neils fixtures and furnishing. One this is certain though; having eaten at their Lengkee, Honey and 'dark side' locations, there's consistency in content, quality and presentation which is something that someone is very obviously paying attention to. I though the Honey service was a bit poor compared to the other two though.
    The service in Leng Kee is the worst of the lot especially if its busy. The English guy who they have managing the place gets upset if you raise any objection.
    I haven't had bad service at Lengkee but more like slow service when it is busy. They haven't followed the usual mantra of having extra but mostly unobservant and lazy wait staff like some others in the area. I will do a drive-by first and if it is busy, go elsewhere. But the place is a lot quieter than it was say 18 months ago and the end of the Brit footie season will make it even easier to get faster service.
    Lengkee is run by one of the investors so when Retox on Soi Honey opened and then the Robin Hood it was bound to affect his business. Its like buying a 7/11 franchise then another one opening right next door.

  3. #53
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    They are selling the Robin Hood Bar they opened in the Avenue on second road. The bar has only been open a few months but is doing a roaring trade. According to Big Simon they got the lease for dirt cheap and it was always their intention to get the place profitable then go for a quick sale. In some place this might be called pump and dump but its normal business practise in Dodge.

  4. #54
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    Yours for 8 million baht apparently.


  5. #55
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    A quarter million dollars? LMAO, yeah ok...these guys have got to be dreaming

  6. #56
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    If you had that kind of money, why the fuck would you want to run a bar in Thailand is my question....

  7. #57
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    ^Well for starters, a quarter of a million dollars is not a lot of money to a lot of people. Next thing is, perhaps someone who's been successful in the pub game in their home country wants a change of scenery, or a new challenge.

    Anyway good luck to whoever buys it, that location has been very difficult for the previous 2 owners but it's done ok under the current ownership. I go there quite often (once or twice a week) and there's always bums on seats eating/drinking.

    In other pub news I believe the Lion pub has just been bought by some Scandinavian(s) for somewhere in the 14 Million Baht range.

  8. #58
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    I have met the owners and to be fair they seem to be up front good lads. Many a good nights drink together.

    The Irish lad in charge of the kitchen has his plans and although most do not agree with what he is doing good luck to him.

    Retox to me has little to offer more then 100 other similar bars have to offer but they spend money on promotions particularly on the media networks here.

    Plenty of bars will target their business plan and I know a few who will possibly do it better.

    Only time will tell. Good luck to those that have the balls to have a go at it!

  9. #59
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    ☝☝Oh please, a quarter of a million dollars is a lot of money to anybody, I don't care how much you have. And in Thailand its closer to a million so spare everyone your ridiculous posturing

  10. #60
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    Quote Originally Posted by redhaze View Post
    If you had that kind of money, why the fuck would you want to run a bar in Thailand is my question....
    They get status, just look at the posts about high end Farang business people in Thailand and how common posters fawn over them.

  11. #61
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    Does owning a bar make you a high end business person in Thailand?

  12. #62
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    Good, this will keep the cheap trash off the streets.

    Let the Brexiters munch their mushy peas in Patters.

  13. #63
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    Where you been? I think people thought you were dead or something

  14. #64
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    Quote Originally Posted by redhaze View Post
    Does owning a bar make you a high end business person in Thailand?
    Do you actually know anyone that owns bars/restaraunts/businesses in Thailand?. I'll safely assume the answer is no, because some of the guys involved in local businesses bank some serious coin. The notion that owning businesses - including bars - in Thailand is done as a hobby is something bantered about by people who know fuck all and couldn't afford to try their hand anyway. Sure, some piss-ant bar beer or hamburger stand isn't going to make anyone rich but a top tier Agogo or well known eatery doing hundreds of covers a day will. I know people very well who own both, the money they make when things are running well is ridiculous.

  15. #65
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    Quote Originally Posted by Headworx View Post
    ^Well for starters, a quarter of a million dollars is not a lot of money to a lot of people. Next thing is, perhaps someone who's been successful in the pub game in their home country wants a change of scenery, or a new challenge.

    Anyway good luck to whoever buys it, that location has been very difficult for the previous 2 owners but it's done ok under the current ownership. I go there quite often (once or twice a week) and there's always bums on seats eating/drinking.

    In other pub news I believe the Lion pub has just been bought by some Scandinavian(s) for somewhere in the 14 Million Baht range.
    I think the Robin Hood was busy on the back of Retox and their shit hot advertising on social media. I think the new owners will struggle as they are buying a bar with very little trading history in a location that is considered a bit of a graveyard.

  16. #66
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    Quote Originally Posted by Headworx
    Sure, some piss-ant bar beer or hamburger stand isn't going to make anyone rich but a top tier Agogo or well known eatery doing hundreds of covers a day will.
    Who was arguing that there aren't successful restaurants in Thailand? Last I checked we were talking about a bar that sells 99 baht breakfast.

    A quarter million dollars is an absurd asking price. Show me a man who doesn't take that amount of money seriously and I'll show you a man who won't have money for long.

  17. #67
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    ^Well Retox Game On sells 99 Baht breakfasts too, along with other dishes that keep that kitchen churning out hundreds of meals per day. Some good pub style food it is too.

    Offer Simon quarter of a million for that place and see how you go, that number would be laughable to him (or anyone else who owned that particular "99 baht breakfast" business) based on its cash turnover per day.

  18. #68
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    It is clear that Retox have the best media representation and food promotions and all their bars are done nicely maximizing comfort for the customers with mostly good service staff.

    One of my good friends here has a share in one of the bars and he seems content enough.

    I particularly like the wine drum based tables they have which enables more bums on seats in a limited floor space.

    A lot of thought put into what is becoming a successful business chain.

  19. #69
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    Quote Originally Posted by Headworx
    Offer Simon quarter of a million for that place and see how you go, that number would be laughable to him (or anyone else who owned that particular "99 baht breakfast" business) based on its cash turnover per day.
    Ok, given that I owned a restaurant about that I built from the ground up and that was (moderately) successful and that I later sold, I think I have enough experience to at least firmly make the following statement: You have no clue.

    Here's the first thing: An offer of a quarter of a million dollars for a restaurant in Thailand that relies on an extremely high volume, low profit per basis model would absolutely not get laughed at.

    Point two is that it is clear you don't have any idea how much volume it takes to turn a profit at that level. The restaurant industry is a hard one, and nearly all of it has to do with outgoing costs. Your food is like 50% of every bill out the window (more on the cheaper stuff like beer in LOS and 99 baht meals). Then you've got rent, utilities, labor, supplies, shit breaking, staff stealing (in LOS I'm sure this is an issue that gets accounted for). All kinds of other stuff. The list really goes on.

    I bet it would shock you to see what they net yearly per establishment. It isn't nearly as much as you think it is.

  20. #70
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    Quote Originally Posted by redhaze
    It isn't nearly as much as you think it is.
    Until they try to sell it to you, naturally.

  21. #71
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    I remember when Simon bought the Irish Rover on Lk Metro. It was a mediocre run of the mill bar and within a few months they had done the place up, big screens, 24 hour sport, waitresses in bikinis, windows, good air con and the all important 99B breakfast. All of a sudden they had the punters lining up wanting their bargain basement fry ups and then back again at night to watch the football.
    Needless to say it was sold at profit and Retox was opened around the corner based on exactly the same model taking the I Rovers customer base with them.

  22. #72
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    Quote Originally Posted by Headworx View Post
    ^Well Retox Game On sells 99 Baht breakfasts too, along with other dishes that keep that kitchen churning out hundreds of meals per day. Some good pub style food it is too.

    Offer Simon quarter of a million for that place and see how you go, that number would be laughable to him (or anyone else who owned that particular "99 baht breakfast" business) based on its cash turnover per day.
    @ 99b per breakfast would need to sell 86,000 to break even on the 250k USD purchase price assuming they are 100% profit that is.

  23. #73
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    ^TBH I've never had a 99 Baht Retox breakfast. If I'm in a Retox bar, it'll likely be late afternoon to early evening and I'll get something else of their menu that typically costs 200-300 Baht + have a dozen drinks while I'm there. Me and a lot of others do the same thing, if there's a decent sporting event on you need some luck getting a decent seat and the kitchen/bar have trouble keeping up.

  24. #74
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    Quote Originally Posted by Headworx View Post
    ^TBH I've never had a 99 Baht Retox breakfast. If I'm in a Retox bar, it'll likely be late afternoon to early evening and I'll get something else of their menu that typically costs 200-300 Baht + have a dozen drinks while I'm there. Me and a lot of others do the same thing, if there's a decent sporting event on you need some luck getting a decent seat and the kitchen/bar have trouble keeping up.

    I dont even know where a Retox bar is !!

  25. #75
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    So this Robin Hood Tavern is leasehold on a 3 year lease (advert says rolling lease but that can change at the drop of a hat if the landlord is a [at][at][at][at]) so to recoup your investment within that 3 years its gunna have to turn a net profit of Bt.73,000 per day............. good luck with that !!
    Quote Originally Posted by Butterfly View Post
    let me explain simply 100MB != 1GB RAM

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