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Pattaya Forum Pattaya travel forum including Jomtien, Naklua & Koh Larn (Coral Island), the forum to ask about Pattaya hotels, GoGo Bars, bars, Pubs, restaurants, the nightlife, the beach and watch or post videos and pictures of Pattaya and the local area, or just check out whats happening in Pattaya on the Pattaya News page.

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Old 08-07-2017, 11:35 AM   #76 (permalink)
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The old Shenanigans, renamed Robin Hood, was a good bar in a fine location but it died for several reasons: it was too big, it was too nice, the shopping mall in which it was sited died the moment Central Festival became a reality, the demographic of Brit prepared to pay reasonable prices in aircon splendour without whores fell out of bed and in order to frequent the place you had to climb stairs - anathema for any farang bar in Thailand.
The best they could do with the Avenue is to demolish it and build another condo/hotel.
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Old 08-07-2017, 11:59 AM   #77 (permalink)
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Originally Posted by Fondles View Post
@ 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.
They won't of course only be selling breakfast, nor will the profit on it be anywhere near 100%

But...umm...thanks anyway.

I guess.
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Old 08-07-2017, 02:05 PM   #78 (permalink)
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That flew straight over your head, eh simple.
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Old 08-07-2017, 02:47 PM   #79 (permalink)
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It's an utterly pointless calculation.

But hey, you're only here to annoy anyway.

I get it.

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Old 08-07-2017, 03:48 PM   #80 (permalink)
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It's an utterly pointless calculation.

But hey, you're only here to annoy anyway.

I get it.

So given 3 year leases and an investment of 8 million baht that's a shit load of turnover needed so as not blow the initial outlay, let alone make a profit.

The Avenue opened 10 years ago and Robin Hood Tavern is the 3rd (or is it 4th) business to take over this location.

Am curious as to why that is. It is either a shit overpriced location that is difficult to turn a profit in or those 3 year (renewable) lease are not really all that renewable.

If it was my 8 million I would spend it elsewhere.
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Old 08-07-2017, 04:01 PM   #81 (permalink)
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agreed



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Originally Posted by cyrille
But hey, you're only here to annoy anyway.
Hey, isn't that what they say about you?
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Old 08-07-2017, 04:06 PM   #82 (permalink)
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Quote:
Originally Posted by cyrille View Post
It's an utterly pointless calculation.

But hey, you're only here to annoy anyway.

I get it.

So given 3 year leases and an investment of 8 million baht that's a shit load of turnover needed so as not blow the initial outlay, let alone make a profit.

The Avenue opened 10 years ago and Robin Hood Tavern is the 3rd (or is it 4th) business to take over this location.

Am curious as to why that is. It is either a shit overpriced location that is difficult to turn a profit in or those 3 year (renewable) lease are not really all that renewable.

If it was my 8 million I would spend it elsewhere.
Yeah, the f+b business in Pattaya is a tough game, no doubt about that. Loads of competition for a price sensitive market.

True of Chiang Mai too...and if you do get to a point when you're starting to do well then the rent has a habit of going through the roof.
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Old 08-07-2017, 04:27 PM   #83 (permalink)
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Originally Posted by cyrille View Post
and if you do get to a point when you're starting to do well then the rent has a habit of going through the roof.
Which given the turnover of this particular venue those "rent adjustments" happens when the 3 year lease is due for renewal.
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Old 11-07-2017, 01:20 PM   #84 (permalink)
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@ 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.
Your 86,000 number nearly hit a mark. This was something posted today on a Pattaya food group that I often look at by Simon;

While your on Facebook try this. ... search Retox Breakfast
The search results will give you an idea of the amount of "bahtbusters" we sell... here's a few facts and a fraction of reviewers photos
98 baht Breakfasts now sold in 2 Retox locations
Retox Lengkee and Retox Darkside
Last week in just these 2 locations (in low season)
We sold 1610 breakfasts. If we average that out and assume it's low season year round that's 87,000 breakfasts a year
The most breakfasts we have sold in One day in Retox Lengkee. High season was 349 breakfasts

Here's one myth i would like to dispel. Shite Ingredients? Absolutely fcking no way. We buy top quality ingredients from Prime Foods and swimpex. Best. Sausage , bacon , beans , bread from continental bakery. pg tips tea even.
And Credit to all the staff. The 3 main staff have worked for us for 7 + years (how many breakfasts is that ?). They work extremely hard at it , every now and then yes they will get 1 wrong. Egg over cooked , undercooked ,beans too hot/cold , not enough, too many. Etc etc. Less than 1 % however
It got me thinking ... forget the huge hotels breakfast buffets (that mainly are not actually English Breakfasts) Do we sell the most number of plated English Breakfasts in Thailand ?
If not. Who Does ?


And while we're talking breakfasts, here's one I have occasionally at a nice little place called The Sports Lounge which is quite close to home. Comes with tea/coffee/cappaccino/espresso but the price is up there, 99 baht . Just the right size for me on the way home from golf.

Last edited by Headworx : 11-07-2017 at 01:38 PM.
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Old 12-07-2017, 06:17 AM   #85 (permalink)
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Ohhh, so the RHT don't even sell 99b brekkies !!

I'll bet both the Lengkee and Darkside joints are commanding a lot more than 8 million if they came onto the market.

Unless one is purchasing a business freehold then one would be better standing at the oceans edge and tossing 1000b notes into it.
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Old 12-07-2017, 06:30 AM   #86 (permalink)
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You're probably right. You better the land or don't bother because the more money you make the bigger target you represent
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Old Yesterday, 09:26 AM   #87 (permalink)
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The Robin Hood is now off the market and is no longer for sale. The group have now purchased The Coins on Bukaow. I was in the RH on Friday morning for my breakfast about 11am and there was 5 customers including me. Without the 98 baht fry ups which the RH doesn't do they would be just another leaseholder of low season empty pubs.
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