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dirtydog · 24-06-2007, 10:23 PM

THIS WEEK'S NEW LISTINGS
PATTAYA

Central Pattaya Landmark Bar For Sale

When you hear the old timers going on and on about how great Pattaya was in the "good old days" of 10-15 years ago, they're probably remembering the good times they had in this very bar, now available for sale. It's a local fixture, having survived 15 years in the fast lane of Pattaya's emergence from a sleepy weekend getaway for harried Bangkok businessmen to one of the major entertainment and vacation centers of the world. It may or may not be THE very oldest surviving bar in this city of bars, but it's certainly one of the oldest still carrying on today.

Monthly rent is still a modest ฿13,000 for a 60-seat facility, and the 5 F/T staff draw a modest salary total of ฿30,000. So, the monthly "nut" won't break the bank. The offer to sell includes all furniture and fixtures, valued by the seller at ฿200,000, along with stock of approximately ฿20,000. The current owner is ready to move on after a successful 3-year run, and hopes to find a buyer who will appreciate and continue the great tradition of fun and hospitality. Buy ฿1-million. (EE0706036)
More details Total Investment To Own: 1,000,000 Baht

One of Jomtien's Major Beachside Hotels Offered For Sale

Successful for 10 years and positioned for many more years of future successes, this Jomtien landmark is being sold "freehold", which is to say, the sale includes the hotel and the land on which it sits. It is a rare occurrence for a property of this size and distinction to come on the market, particularly in an area like Jomtien where property values are soaring. Certainly, there is no comparable offer to sell in the region at this time.

The basic statistics are as follow:
. Land size: 210-sq. wah.
. Building footprint: 5,868-sq. meters
. Building height: 5 floors
. # of Rooms: 76
. Parking provided: 20 spaces
. # of Employees: 10
. Monthly payroll: ฿58,000
. Value of furniture & equipment included: ฿45-million
. Inventory at cost: ฿425,000
. Annual sales: ฿8-million
. Annual profits: ฿6-million

The property is a jewel in any portfolio, and likely to offer both substantial operating profits and future appreciation. Buy ฿130-million. (EM0706022) More details Total Investment To Own: 130,000,000 Baht

Freehold Guest House, Café & Internet For Sale

South Pattaya is very likely the most desirable location imaginable for a tourist-oriented business offering lodging, food, and entertainment. Even in "down" years hundreds of thousands of visitors come to the central entertainment district for holidays. They need rooms, food, drink, and entertainment. If arrivals from the USA or Europe slump, they're replaced by new visitors from Russia, India, China and Korea. South Pattaya's "Walking Street" is perhaps the best-known adult entertainment district in the world.

This transaction for a South Pattaya business enterprise will include a registered Thai company name (a necessary ingredient in getting a work permit for farang owner or manager), land, and a single shop house containing six large guest rooms, a ground-level café, and several internet stations for the use of guests and for attracting visitors. All furniture and fixtures are included in the offer. Mix in your imagination and hard work and all the ingredients are present for a highly successful business supporting a highly desirable life style. Land, building, business, and company name are included. Buy ฿15.5-million. (EE0706016)

More detailsTotal Investment To Own: 15,500,000 Baht

Soi Buakhao Bar, Restaurant & Guest House For Sale

Right now one of the hottest real estate markets in Pattaya, Soi Buakhao is a very busy street with lots of vehicle and pedestrian traffic. Running from South Pattaya Road (terminating across from the Friendship market) around to 3rd Road, this street is acknowledged by real estate insiders as one of the best areas for investment in the current market.

Here's a 3-pronged business consisting of a bar, restaurant, and rental rooms, offering symbiotic opportunities. That means that customers in the rooms have to eat, and most will drink, and not a few customers who come to eat or drink will also find use for a room, so all parts of the business contribute to the success of the whole. Eight air/con, furnished rooms draw rents of up to ฿1,000 daily, or perhaps ฿15,000 monthly. That would represent monthly revenue potential of ฿120,000. Estimate ฿250,000 in restaurant sales potential, and perhaps ฿500,000 in monthly potential from the bar, and you'll see that current annual sales of ฿400,000 are just "scratching the surface" of what this business is capable of producing. Even so, the current owners report profits of ฿190,000/year; an attractive opportunity. Buy ฿5.5-million. (EE0706008) More details Total Investment To Own: 5,500,000 Baht

Thank you for your interest in Evans Marketing. Please contact us to get more information on any of the new listings above, or take a look at our websites for many more new business and real estate investment opportunities.

TizMe · 25-06-2007, 06:05 PM

Annual profits: ฿6-million

Total Investment To Own: 130,000,000 Baht

That's a crappy return on capital, less than 5%.

Is that normal?

dirtydog · 25-06-2007, 06:36 PM

It's freehold, most times your lucky if you get to own the building for 3 years.

klongmaster · 25-06-2007, 07:52 PM

Quote:

Originally Posted by dirtydog

Eight air/con, furnished rooms draw rents of up to ฿1,000 daily, or perhaps ฿15,000 monthly. That would represent monthly revenue potential of ฿120,000. Estimate ฿250,000 in restaurant sales potential, and perhaps ฿500,000 in monthly potential from the bar, and you'll see that current annual sales of ฿400,000 are just "scratching the surface" of what this business is capable of producing. Even so, the current owners report profits of ฿190,000/year; an attractive opportunity. Buy ฿5.5-million.

what about this for a load of sales bullshit...monthly revenue of 120,000 from the 8 rooms means the rooms are turning an annual income of 1.44 million...then 250,000 in restaurant sales = 3mil...topped off by 500,000 from the bar x12 =6mil... so from a total revenue of more than 10 million baht they can only turn a profit of 190.000 or 15,000 per month...

looks like they talked themselves out of a sale with their own verbosity...

Spin · 25-06-2007, 08:58 PM

lots of talk about potential. Means nothing.

TizMe · 26-06-2007, 06:55 PM

Quote:

Originally Posted by dirtydog

It's freehold, most times your lucky if you get to own the building for 3 years.

There are far easier ways to urn much higher returns than this.

dirtydog · 29-06-2007, 08:44 PM

Anyway please disregard the prices that are listed from Evans as some have gone up and some have come down, quite amazing what can happen in 5 days, dont think I shall bother posting anymore of their emails as I know I cant be bothered changing the prices every 5 days.

24-06-2007, 10:23 PM	#1 (permalink)
dirtydog The Dog Last Online: Today 06:20 AM Join Date: Jun 2005 Location: Pattaya Posts: 34,415	Pattaya and Jomtien Businesses For Sale and Lease THIS WEEK'S NEW LISTINGS PATTAYA Central Pattaya Landmark Bar For Sale When you hear the old timers going on and on about how great Pattaya was in the "good old days" of 10-15 years ago, they're probably remembering the good times they had in this very bar, now available for sale. It's a local fixture, having survived 15 years in the fast lane of Pattaya's emergence from a sleepy weekend getaway for harried Bangkok businessmen to one of the major entertainment and vacation centers of the world. It may or may not be THE very oldest surviving bar in this city of bars, but it's certainly one of the oldest still carrying on today. Monthly rent is still a modest ฿13,000 for a 60-seat facility, and the 5 F/T staff draw a modest salary total of ฿30,000. So, the monthly "nut" won't break the bank. The offer to sell includes all furniture and fixtures, valued by the seller at ฿200,000, along with stock of approximately ฿20,000. The current owner is ready to move on after a successful 3-year run, and hopes to find a buyer who will appreciate and continue the great tradition of fun and hospitality. Buy ฿1-million. (EE0706036) More details Total Investment To Own: 1,000,000 Baht One of Jomtien's Major Beachside Hotels Offered For Sale Successful for 10 years and positioned for many more years of future successes, this Jomtien landmark is being sold "freehold", which is to say, the sale includes the hotel and the land on which it sits. It is a rare occurrence for a property of this size and distinction to come on the market, particularly in an area like Jomtien where property values are soaring. Certainly, there is no comparable offer to sell in the region at this time. The basic statistics are as follow: . Land size: 210-sq. wah. . Building footprint: 5,868-sq. meters . Building height: 5 floors . # of Rooms: 76 . Parking provided: 20 spaces . # of Employees: 10 . Monthly payroll: ฿58,000 . Value of furniture & equipment included: ฿45-million . Inventory at cost: ฿425,000 . Annual sales: ฿8-million . Annual profits: ฿6-million The property is a jewel in any portfolio, and likely to offer both substantial operating profits and future appreciation. Buy ฿130-million. (EM0706022) More details Total Investment To Own: 130,000,000 Baht Freehold Guest House, Café & Internet For Sale South Pattaya is very likely the most desirable location imaginable for a tourist-oriented business offering lodging, food, and entertainment. Even in "down" years hundreds of thousands of visitors come to the central entertainment district for holidays. They need rooms, food, drink, and entertainment. If arrivals from the USA or Europe slump, they're replaced by new visitors from Russia, India, China and Korea. South Pattaya's "Walking Street" is perhaps the best-known adult entertainment district in the world. This transaction for a South Pattaya business enterprise will include a registered Thai company name (a necessary ingredient in getting a work permit for farang owner or manager), land, and a single shop house containing six large guest rooms, a ground-level café, and several internet stations for the use of guests and for attracting visitors. All furniture and fixtures are included in the offer. Mix in your imagination and hard work and all the ingredients are present for a highly successful business supporting a highly desirable life style. Land, building, business, and company name are included. Buy ฿15.5-million. (EE0706016) More detailsTotal Investment To Own: 15,500,000 Baht Soi Buakhao Bar, Restaurant & Guest House For Sale Right now one of the hottest real estate markets in Pattaya, Soi Buakhao is a very busy street with lots of vehicle and pedestrian traffic. Running from South Pattaya Road (terminating across from the Friendship market) around to 3rd Road, this street is acknowledged by real estate insiders as one of the best areas for investment in the current market. Here's a 3-pronged business consisting of a bar, restaurant, and rental rooms, offering symbiotic opportunities. That means that customers in the rooms have to eat, and most will drink, and not a few customers who come to eat or drink will also find use for a room, so all parts of the business contribute to the success of the whole. Eight air/con, furnished rooms draw rents of up to ฿1,000 daily, or perhaps ฿15,000 monthly. That would represent monthly revenue potential of ฿120,000. Estimate ฿250,000 in restaurant sales potential, and perhaps ฿500,000 in monthly potential from the bar, and you'll see that current annual sales of ฿400,000 are just "scratching the surface" of what this business is capable of producing. Even so, the current owners report profits of ฿190,000/year; an attractive opportunity. Buy ฿5.5-million. (EE0706008) More details Total Investment To Own: 5,500,000 Baht Thank you for your interest in Evans Marketing. Please contact us to get more information on any of the new listings above, or take a look at our websites for many more new business and real estate investment opportunities. __________________ To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts. To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.

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25-06-2007, 06:05 PM	#2 (permalink)
TizMe Golden Triangle Last Online: Today 08:19 AM Join Date: Mar 2007 Location: Singapore Posts: 795	Annual profits: ฿6-million Total Investment To Own: 130,000,000 Baht That's a crappy return on capital, less than 5%. Is that normal?

25-06-2007, 06:36 PM	#3 (permalink)
dirtydog The Dog Last Online: Today 06:20 AM Join Date: Jun 2005 Location: Pattaya Posts: 34,415	It's freehold, most times your lucky if you get to own the building for 3 years.

25-06-2007, 08:58 PM	#5 (permalink)
Spin Senior Member Join Date: Jul 2006 Posts: 7,976	lots of talk about potential. Means nothing.

29-06-2007, 08:44 PM	#7 (permalink)
dirtydog The Dog Last Online: Today 06:20 AM Join Date: Jun 2005 Location: Pattaya Posts: 34,415	Anyway please disregard the prices that are listed from Evans as some have gone up and some have come down, quite amazing what can happen in 5 days, dont think I shall bother posting anymore of their emails as I know I cant be bothered changing the prices every 5 days.

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