Patong

Commercial Property: for Sale

Location: Patong

Description: The bar has been completely renovated to the highest standard. It has been closed for low season but could open TONIGHT if you want.
Located just 120 metres from Bangla Road, entry is from Rat-U-Thid Road where there is a terrace area with seating, tables and TVs. Inside, there is a fully equipped bar, 2 dancing platforms (one in the centre and one against the back wall), DJ corner with audio equipment and mixer desk, ladies toilet, gents toilet and separate managers office. Upstairs there is more seating and 2 top of the line pool tables, air cons and TVs.

The current owners bought the business 2 years ago and have spent a further 5/6 million renovating. They are selling due to work commitments.

The rolling 3 year lease is in a company name and the new owners could take over the company if buying outright. There are 7 months remaining on the current lease period and NO key money.
Overheads will depend on staffing but electric runs at 20,000 baht per month with air and fridges/chillers running.

Option 1. Buy the business outright - negotiable at 8.5 million Baht - a substantial discount on what they paid. This includes the one year remaining on the current lease and all equipment.
The owners would also consider installments of say 30% down and the balance over 12 months.

Option 2. Sub-lease for 3.5 million Baht for 3 years at a time.

I recommend you take a look to see how good it is and can meet you there any time.