New Thai Business Listings March 23rd, 2009

New Thai Business Listings
	March 23rd, 2009 / Phone: 02.642.0213
	, Welcome to this week's newsletter. Details of our new business listings are detailed below.

Please feel free to phone us if you are in Thailand on 02.642.0213 to discuss any of these listings.

But first we would like to provide you with details of recent business transfer activity:
Offer to purchase submitted awaiting approval or counter offer:

IT Company - offer of 17,000,000 baht, still pending.

Offer to purchase accepted and in the due diligence stage:

Bakery and Restaurant in Samui - offer of 4,000,000 baht accepted, still in due diligence.
Franchise Restaurant in Sukhumvit, Bangkok - offer of 3,200,000 baht accepted, still in due diligence.
Property Agency in Bangkok - offer of 1,000,000 baht accepted, still in due diligence.

This Bangkok Restaurant was established four years ago after 8,500,000 baht was lavished on assets and leasehold improvements. The large venue is well located in a central area of the city close to major transport routes; it measures 150 square metres and provides seating for up to 60 diners. A large workforce of 20 employees has been thoroughly trained to cope with heavy demand, and their remuneration totals 248,000 baht per month. The other major outlay, after food and beverage costs and utility bills are settled, is rent payable at a rate of 165,000 baht per month. The owner is now looking to consolidate his investments and will accept little more than asset value for a quick sale, even though annual receipts are totalling over 13,000,000 baht (a full breakdown of recent financial results will be provided for qualified investors to peruse). A mainly European based cuisine is provided in an elegant setting, and is supplemented by an extensive cocktail menu and wine list; the restaurant is regarded by many as one of the city's finest dining experiences. (BKK13680)
Total Investment to Own: 10 million baht.

Established in early 2007, this Bangkok Manufacturer and Online Jewellery Distributor caters to the wholesale market from two well located offices that sit side by side in a central district of the city. Providing high quality stainless steel jewellery and fashion jewellery at the most attractive, factory-direct prices for customers worldwide, the company benefits from a professional website complete with shopping basket and online payment portal.

Early success has been staggering, with monthly receipts often totalling around US$200,000; this has led to net profits of over US$900,000 in 2008 after the deduction of all overheads. Total receipts for 2008 came in at US$1,842,000 and good profit margins see the company reap approximately 50 percent in pure profit. Results in the current financial year are matching last year's trend, but the owner is now relocating to take up the reins of an unrelated business venture, and must therefore sell.

A very valuable inventory of stock worth approximately US$500,000 is included in the sale, and assets that cost over US$28,000 will also be passed on. The company employs 15 full time employees, pays around 150,000 baht per month in salaries (based on hourly rates) and is responsible for monthly rental amounts that total 54,250 baht. Total floor space measures over 300 square metres, and five parking spaces are provided. (BKK13677)
Total Investment to Own: US$3,350,000 or 120,600,000 baht (whichever is greater at the time of sale).

This Nightclub and Lounge is located inside one of Bangkok's leading five star hotels. The enterprise has only been operational for a few months, but is already seeing significant custom. With around 1,300 square metres of floor space, the large site is manned by a large workforce consisting of 24 full time employees; remunerations are high therefore, totalling 325,000 baht per month. Monthly rent of 580,000 baht forms the other regular major expense. The owner lavished 63,000,000 baht on assets and leasehold improvements when preparing the premises for the recent commencement of operations; he is inexperienced in the industry however, and will accept the same amount as he has invested to achieve a business transfer. The opportunity therefore exists to takeover a lavish enterprise that has the potential to become one of the city's major nightlife venues. As the venture is new it is difficult to predict annual financial results, but early results are highly promising, and full details will be provided to qualified investors. (BKK13675)
Total Investment to Own: 63 million baht.

UPDATE! The owner has become eager to relocate, and has consequently slashed the asking price from 10,000,000 baht to 8,000,000 baht to encourage a business transfer.
The owner of this profitable seven year old Manufacturing and Distribution Company has chosen to retire and move overseas to spend more time with her children. The company produces a range of goods, such as salt, sugar, sesame, cocoa and malt products, both under their own brand name, and under licence for other company brands. Products are distributed to all major department stores, including Big C, Tesco Lotus, Carrefour, Makro, The Mall and Villa Market. Expansion possibilities are good, according to the owner, even though net profits of 1,500,000 baht were earned in the last financial year, from receipts of 15,000,000 baht. All machinery will be included in the sale, with the assets being valued at 8,000,000 baht; there is also a valuable inventory of stock to acquire, which is normally in the region of 2,000,000 baht. The lease is very attractive, with seven years remaining on a 10 year contract, and with monthly rent of only 14,000 baht for a building that measures around 400 square metres. There is a large thoroughly trained workforce to rely on, with 13 full time employees commanding a total payroll of 80,000 baht per month. (BKK12230)
Total Investment to Own: 8 million baht.

Franchise opportunities are being offered by a well established Thai Quick Service Restaurant (QSR) Franchise Company. Eight outlets have already been opened in five countries around the globe. Master Regional Franchise (MRF) rights are available worldwide, along with Single Restaurant Franchise (SRF) rights in Asia. The menu includes a wide variety of healthy, delicious meals that are affordable, convenient and in demand. Regional Master Franchise rights can be acquired for 200,000 Euros per region. A Single Restaurant Franchise can be purchased in Asia for 20,000 Euros and/or in Thailand for 10,000 Euros. A deposit of 50 percent is required at contract signing and the balance due before the first restaurant is opened. Minimum asking price: 10,000 Euros. (BKK13676)
Minimum Investment to Own: 10,000 Euros

Measuring 120 square metres, this large Pattaya Bar can accommodate 35 customers with ease, and is manned by six full time and seven part time employees. The bar sits in bustling Soi Buakhao, where it benefits from good visibility and a top reputation after around six years of profitable trade. A good customer base has therefore been developed, and this leads to regular cash flow; full financial results have been well documented, and the books can be examined by interested investors. All assets will be incorporated in the sale, and include two pool tables and fridges. The bar operates on a rolling annual lease contract, with monthly rent of 44,000 baht stipulated, along with an annual key money payment of 130,000 baht. (BKK13672)
Total Investment to Own: 1.7 million baht.

A rare opportunity has arisen to rent a five storey Commercial Property on busy Soi Buakhao in Pattaya. The building sits in a prime position, contains floor space of approximately 250 square metres, and can be rented for key money of 100,000 baht (applicable at each renewal every three years) plus monthly rent of 25,000 baht. There is a shop on the ground floor, plus a bedroom, bathroom and kitchen, while the upper floors all contain fully furnished studio apartments (one 50 square metre apartment per floor). (BKK13671)
Total Investment to Rent: 100,000 baht (key money)

This small Resort sits in the Khao Lak region of Phuket. Located on two rai (3,200 square metres) of land with a Chanote freehold title deed, the resort features 16 high standard bungalows and has permits for the construction of a further 12 bungalows. It is predominantly families that are drawn to the resort due to the 70 metres of clean beach front, the attractive swimming pool and the suitably affordable restaurant. As rent is not a factor overheads are kept to a minimum, and this means that receipts of approximately 9,300,000 baht are yielding net profits of around 6,000,000 baht each year. Maintenance costs are low, salaries total just 65,000 baht per month for 10 full time employees, and utility bills are considered reasonably inexpensive. As the resort was only established in 2007 all the buildings and assets are in very good condition. (BKK13679)
Total Investment to Own: 80 million baht.

The family of the owner of this Phuket Real Estate Agency recently moved to another city, and he is therefore eager to sell the business at the earliest opportunity so that he can join them. Based in a 145 square metre building with an office and a two bedroom apartment, the agency lists over 100 plots of land, over 90 houses for sale and over 70 properties for rent. As overheads are low the company earned net profits of approximately 1,500,000 baht last year, after monthly rent of 15,000 baht, salaries totalling 10,000 baht for two employees and utility costs were taken into account. A registered company that has a work permit proviso is included in the sale. A very attractive asking price has been set, for a quick sale, and the owner is prepared to accept just 50 percent of the amount as an initial investment, with the balance then payable during the ensuing three months. (BKK13678)
Total Investment to Own: 600,000 baht.

This Sailboat is based in Phuket, where it previously operated on day tours, charter cruises and romantic evening dinner cruises around the Andaman Sea. The recently constructed vessel has links to a thousand years of sailing history; she is a traditional two mast schooner carrying a mainsail, a mizzen, two top sails and up to four foresails. Constructed from iron, wood and teak, the 29 metre long vessel provides generous space below decks, where accommodation consists of four double cabins and one cabin with four berths. Each cabin is air-conditioned and complete with an en-suite bathroom with shower. The ship also boasts a modern galley and a comfortable dining room, while open deck spaces provide good tanning and relaxation areas. Specifications include a powerful diesel engine and top of the line navigation equipment, including radar, global positioning and satellite communications. (BKK13673)
Total Investment to Own: 16 million baht.

UPDATE! The asking price has been reduced from 3,950,000 baht to 2,950,000 baht due to the owner's impending return to Germany due to health problems.
Recent health problems have forced the owner of this well known highly successful Construction Company to listen to offers. Valuable construction equipment worth around 3,900,000 baht will be passed on, along with details of all pending contracts. New agreements have already been secured for 2009 and these should yield gross receipts of approximately 28,000,000 baht. This is a significant increase from last year, when receipts totalling 13,000,000 baht produced net profits of roughly 5,000,000 baht. All financial results are documented and fully audited. Overheads are kept to a minimum by only employing five full time workers; the balance of the workforce is made up of casual labour, hired as needed. As the owner feels an urgent need to find a buyer, he has set a very attractive asking price for a quick sale. Investors can email our Phuket representative miros@sunbeltasia.com for more details. (BKK13621)
Total Investment to Own: 2.95 million baht.

UPDATE! This resort was previously priced at 450,000,000 baht, but the owner now has two different proposals at cheaper prices. The entire project can be acquired (34 rai plus plans and building permits for more rooms) for 365,000,000 baht, or the existing resort on 19 rai of land can be purchased for 300,000,000 baht.
This Five Star Luxury Freehold Resort is built on 13 rai (20,800 square metres) of land on a hillside on the island of Phuket. With a panoramic view that is widely regarded as one of the best in Thailand, the resort sits 53 metres above sea level, and comes complete with Chanote land title deeds.

Designed to provide relaxing getaway holidays, the retreat offers the best of both worlds, with a free shuttle bus transporting tourists to the nearby beach in just six minutes. The name has been successfully introduced into the world travel market, and has become well known especially in Europe, the Middle East and throughout Asia. The resort has over 40 villas, but has the potential to operate with over 100; it was officially five star rated by the TAT and THA in 2005, and is a Diamond Collection member of Boutique Hotels International.

Financial results have been improving annually since opening, and even during the SARS outbreak and the tsunami disaster, the resort proved popular. Recently, however, the owner has been trying to develop the property in terms of the number of rooms and improved facilities, in order to make it interesting for management companies, and to keep the venue popular in the face of increased competition. The owner feels that he cannot grow the business fast enough on his own however, and is looking for a joint partner to infuse a cash injection and to help in the day to day running of the business. If no joint partner is forthcoming then the resort can be purchased outright. Interested parties will be directed to the professionally designed websites, and will be provided with a detailed financial breakdown of results to date.

Two real estate projects are included in the sales price, and these consist of a development that has been designed to complement the resort, and a planned managed compound consisting of 29 villas. Detailed plans can be scrutinised on application. Building permits have been granted and environmental studies have been completed; on completion the whole project will then consist of over 100 luxury rooms, villas and suites. A unique combination of five star hotel villas with private Jacuzzis, and luxury designer suites with private pools, will then be complemented by two and three bedroom pool villas with the trendiest design in Asia. (BKK12923)
Total Investment to Own: 300 million baht (or 365 million baht.

Owner retirement has prompted the offering of this five year old School. Located in Phetchabun Province, in the north of the Kingdom, the school contains nine kindergarten classrooms, 14 elementary level classrooms and six classrooms for secondary pupils. The proposed freehold sale includes all buildings and land measuring 36 rai (57,600 square metres). A recent assessment placed a value of 42,918,000 baht on all buildings, land and assets, so the owner feels that an asking price of 45,000,000 baht is very reasonable, especially as the school is earning annual net profits of 5,221,000 baht after all overheads are subtracted from receipts totalling 13,227,000 baht per annum. A large workforce is in place, with 57 full time employees earning a monthly payroll that totals 320,000 baht. (BKK13674)
Total Investment to Own: 45 million baht.

UPDATE! The asking price has been reduced from 9,000,000 baht to 8,000,000 baht.
This Beach Bungalow Resort was established on Koh Chang around six years ago, but has only been run by the current owners for approximately two years. The resort consists of 25 bungalows, a large 50 seat restaurant with bar, a well equipped kitchen, an office, three shower blocks, a massage centre, a two storey house and a pier with two bungalows. Also onsite are a four vehicle car park, a work shed and a storage room. Monthly rent is payable at a rate of just 10,000 baht, but will rise to 20,000 baht in November 2009.

The secluded property is highly picturesque, and is totally unaffected by any other resorts or developments; it sits on land measuring five rai (8,000 square metres), though currently only approximately three rai is being used. Just five minutes walk away is a local village and a pier used for boats travelling to other islands, for day trips and for diving trips etcetera. The land has a large beach frontage and is built within a private cove. All bungalows have either a cliff top sea view or a beach side view of the village. Permission has been granted for the construction of a further 15 bungalows if required.

Total asset value has been estimated at 3,000,000 baht, and an inventory of stock worth around 500,000 baht is on hand. Sales have risen appreciably during the second year of trade, rising from 503,636 baht to 2,020,251 baht; accurate and detailed cash flow and occupancy spread sheets will be made available to a potential buyer. The owners have been very happy the success of the project so far, but want their young son to have the best possible chance of a top education, and that reluctantly means moving away from Koh Chang. New asking price: 8,000,000 baht. (BKK13625)
Total Investment to Own: 8 million baht.

Thank you for your interest in Sunbelt Asia. Please contact us to get more information on any of the new listings above, or take a look at our website for many more new business opportunities.
Sincerely,
Greg Lange. Managing Director
Sunbelt Asia

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