Thread: Another bargain

Yeah, Trebors.
They turn over 100s of millions a year.
Not 3.
Probably turn out there are outstanding invoices on half of it.
I'd love my Pakistani accountant in the UK to get hold of the books.
He'd rip them to bits.

Stock is probably past its use by date...

I am thinking at jumping at this once in a lifetime opportunity before it is snapped up....


A brand new Boutique Hotel has become available for leasehold acquisition in the lower Sukhumvit area of Bangkok. Featuring 26 fully furnished rooms, the hotel is close to a busy BTS Skytrain station and can be rented for 600,000 baht per month. The rolling lease will be renewable every year, and carries a key money stipulation of 500,000 baht per annum. All rooms are modern and bright; they feature private bathrooms, IDD telephones, satellite channel flat screen televisions, refrigerators, safety deposit boxes and hairdryers. A fully functioning website with online room booking is already up and running.
(BKK14060)
Asking price: 500,000 baht key money and 600,000 baht per month.
Click here to see this listing on the Sunbelt Asia website

is it the honey hotel?

Nice deal on that hotel- you'd probably have to run about 80% occupancy year-round and charge over 4K per night just to break even.

Probably....but I am sure SunnyBigBelt asia would be advising all potential purchasers of that.

I was particularly attracted by the long lease terms

Think of the side benefits.

Whats that then ??

And check bins, wages etc etc on top.
These people are cretins.

Another rip snorter.....

(UPDATE! This resort is now offered on a leasehold basis, and is available on a long nine year lease term (three years with two renewal options). The security deposit of 8,000,000 baht will be repaid at the end of the contract. Yearly rent is set at 6,000,000 baht (equivalent to 500,000 baht a month). This must be pre-paid one year up front. In the last financial year this resort made a net profit of 12,000,000 baht after all expenses were paid. Nevertheless, investors need only 14,000,000 baht to take over the business (security deposit plus one year in rent).

This well established Resort was constructed on 28 rai (44,800 square metres) of freehold land on an island near Krabi in 1990. The current owner has been in place for the last five years, but is now leaving to pursue an unrelated business venture. Official valuations have recently been carried out, and the estimated worth of the land, buildings and assets is 685,000,000 baht; only 495,000,000 baht is being sought to prompt a business transfer however, as the owner is eager to move on. Land values are expected to rise for the foreseeable future, especially as there are no vacant plots left on the popular tourist island. Only 15 rai of the resort's land has been developed hitherto, so the new owner will have the opportunity to expand the enterprise from its current total of 105 rooms.

Facilities include two restaurants, a beach bar and a swimming pool, and the sale will also include a registered company, three speed boats, four ferries and seven cars. The small island sits amid pristine crystal clear waters and provides excellent fishing and snorkelling; marvellous views to neighbouring islands are also afforded. Good occupancy rates have been built up over the years, and this leads to impressive annual receipts of 33,500,000 baht and net profits of 17,500,000 baht. A large workforce of approximately 100 employees is in place to assure a seamless ownership transition.
(BKK13307)
New asking price: 14,000,000 baht (security deposit plus one year's rent).

14M THB sounds quite like a bargain,

I wonder if they succeed closing those sales ?

Hay Nawty any bargins in the bar for sale section? You know owner needs quick sale as he needs to leave unexpectedly...

Gogo bar for 8 million....or this one...




Sitting just 200 metres from the beach, this small but lucrative Phuket Bar has become available for acquisition in a busy part of Karon. The 30 seat bar measures 40 square metres and incurs rent of only 12 000 baht per month on a renewable three year lease. Last year the bar earned 1,600,000 baht in gross income and after all expenses were deducted almost 1,000,000 baht was left in net profit. Running the bar are three full time employees with salaries totalling 15,000 baht. Although the bar does not produce a huge income it is more than enough to enjoy an excellent life style. An attractive asking price that is less than annual earnings has been set for a quick sale.
(BKK14066)
Asking price: 850,000 baht.


or....






(UPDATE! The asking price has been reduced from 8,200,000 baht to 6,800,000 baht.) Located in a well known nightlife zone on the island of Phuket, this trendy Cocktail Bar features a minus 20 degrees ice room for customers to drink chilled vodka shots. The bar was established around three years ago after a long six year lease contract was negotiated on monthly rental terms of 30,000 baht. A renewal clause can be triggered on expiry, in 2013, although the rental amount will then rise to 35,000 baht. With 180 square metres of floor space, the state of the art stand alone steel structure features a mezzanine level, and is widely regarded as being the most upmarket venue in the area.

The owner has business interests in Bangkok and Pattaya, and is finding it difficult to handle all three establishments. He will therefore countenance a sale, with asset value being deemed a suitable acquisition amount. The turnkey business has 11 full time employees in place, earning a total monthly salary of just under 80,000 baht. Utility bills normally come in at around 35,000 baht per month. Fully audited accounts will be made available for perusal, but the owner is happy to state that receipts totalled roughly 8,000,000 baht over the last financial year. An initial investment of 4,500,000 baht will trigger the acquisition, with the balance payable over the ensuing 12 months.
(BKK13919)
New asking price: 6,800,000 baht

Second one sounds like he has two other failing businesses.

Err, think theres a typo error in the last paragraph...

The turnkey business has 11 full .....

Think theres one to many n's in the line

I have had 6 business.
I only sell them if it's gone tits up.

Why would you?