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Anybody have any news about the Sugar Shack, It's still closed and I can't access their website.

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They have merged with Lewinsky's across the road.

The lads are still there & the warm Manchester welcome is still there 🙂

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19 hours ago, SidJames said:

The l warm Manchester welcome

Is that anything like a Manchester kiss ?

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19 hours ago, TaaSaparot said:

Its done and dusted.

Care to elaborate? 

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Posted (edited)
1 hour ago, Leaver said:

Care to elaborate? 

From their FB page back in March:

 

The owner confirmed today that he has agreed to a significant reduction in the key money for the next 3 years which makes it more viable to stay in the current location.

We also have a plan to further leverage the remaining key money which should lead to improving the bar.

The options now are to advertise the bar for sale and hopefully find a buyer who can take over running the bar or take on additional partners.

Edited by TaaSaparot

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The owner confirmed today that he has agreed to a significant reduction in the key money for the next 3 years which makes it more viable to stay in the current location.

We also have a plan to further leverage the remaining key money which should lead to improving the bar.

The options now are to advertise the bar for sale and hopefully find a buyer who can take over running the bar or take on additional partners.

Provided we can find suitable partners Jon will continue running the golf and I will remain until the bar is running well.

Due to the current financial climate, we will reduce the value of the bar to 800,000 Baht which works out as 200,000 for a 25% share. Though there may need to be a further payment depending on the remaining key money negotiations.

As everyone is aware the exchange rate and coronavirus are having a serious effect on the Thai economy and particularly in Pattaya nightlife and it would seem likely that many bars will not be able to survive. Therefore we believe that any bar that can stay afloat for the next year or 2 will have a lot less competition once the world economy improves and with a few changes to the bar we expect the bar to turn a decent profit.

We have a few ideas on how to improve the bar and if we get any serious interest from potential partners we will sit down to create a plan before moving forward.

There is also still the option to move to another location in the future. Whilst the location of the bar is not the best, the convenience of being close to Walking street and being reachable from Beach rd and Jomtien, plus the fact that the road is easy enough to pick up and drop off golfers and is an open corner are benefits, though if a more suitable location becomes available at the right price we will consider it.

If anyone is interested in being a partner or knows someone who might be a suitable partner we would appreciate it if you could pass the details on.

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Did they raise some capital, or is it finished?

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2 hours ago, Leaver said:

Did they raise some capital, or is it finished?

 

23 hours ago, TaaSaparot said:

Its done and dusted.

 

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The problem is golf bars only really have customers for golf days, usually 3 days a week and often dead straight after the presentation when everyone legs it, so they struggle to stay afloat

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7 hours ago, scubascuba3 said:

The problem is golf bars only really have customers for golf days, usually 3 days a week and often dead straight after the presentation when everyone legs it, so they struggle to stay afloat

You obviously don't know the Sugar Shack then.

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48 minutes ago, TaaSaparot said:

You obviously don't know the Sugar Shack then.

You suggesting they were busy? so why did they fold? in trouble before Covid

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8 hours ago, scubascuba3 said:

You suggesting they were busy? so why did they fold? in trouble before Covid

A bar that is over 30 years old has a lot of history.

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On 7/4/2020 at 10:56 PM, TaaSaparot said:

A bar that is over 30 years old has a lot of history.

"History" doesn't pay the bills.  

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On 7/4/2020 at 1:23 PM, TaaSaparot said:

You obviously don't know the Sugar Shack then.

And of course you do. As usual you're just a history lesson with little relevance to Pattaya these days. When was the last time you actually  had a beer in the Sugar Shack?  

 

 

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