Bangkok Sports Bar And Grill For Sale

[SunbeltAsiaAdvisor]

This Bangkok Sports Bar and Grill has become well known amongst the expatriate community after over six successful years of trade. Located in a dedicated night life soi, the bar is housed in a four storey property that has a monthly rental of 60,000 baht. Assets included in the sale are valued at roughly 3,000,000 baht, and include two large flat screen TV’s, four regular sized TV’s, six air-conditioners, three computers, a Bose sound system and a pool table.

The bar is affiliated with a leading golf club; many golfers attend the bar before and after rounds, and an annual event is also staged on the premises. Fifteen full time employees are on the monthly payroll, which totals 65,000 baht. After all expenses are subtracted from annual receipts totalling approximately 6,000,000 baht, the bar earns annual net profits of around 2,700,000 baht.

The owner is now looking to sell the bar so that he can take care of other business interests. An attractive asking price that is roughly equivalent to one a half times earnings, plus asset values, has been set for a quick sale.

Asking price: 5.5 million

Listing ID# BKK14005