New Thai Business Listings, April 6th, 2009‏

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.
English Consultancy - offer of 3,600,000 baht.

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.

Nicely located in one of Bangkok's premier inner city shopping malls, this new Restaurant has only been operational for about three months. The owner has invested around 3,000,000 baht on assets and decorations, but must now reluctantly return to his European homeland due to unforeseen events. The enterprise has been experiencing good growth and has seen cash flow rise from 75,000 baht in January to 206,000 baht in February on the way to 320,000 baht in March. The owner feels that customer awareness will see these figures continue to grow in the ensuing months. A unique menu has been implemented using original recipes from all over the world. Rent is understandably high due to the high profile location, and is payable at a rate of 160,000 baht per month. Food and beverage costs must be taken into account, along with the monthly payroll of 100,000 baht for 10 full time employees. The restaurant is already reaching the break even point however, and the owner is confident that current trends will see the outlet become cash positive in the short term. The shop measures 135 square metres and can accommodate up to 45 diners. (BKK13689)
Total Investment to Own: 5.5 million baht.

This Pattaya Beer Bar has been run by the present owner for the last two years, although the bar itself was established around five years ago. Sitting in the Naklua region of the city, the small outlet would suit a first time investor with limited funds, according to the owner. This is because monthly rent is very reasonable at just 8,000 baht, with key money of just 60,000 baht applicable at each annual lease contract renewal. Staff costs are the other major expense, with eight full time employees commanding a total monthly wage bill of 29,000 baht. All assets are incorporated in the sale, including a music system and a television with UBC satellite broadcasting. The owner has made a steady if unspectacular living on the 80 seat premises, but now wishes to move on; he will discuss detailed financial results with interested parties. (BKK13688)
Total Investment to Own: 1.2 million baht.

UPDATE! The asking price has been reduced from 2,300,000 baht to 1,500,000 baht for a quick sale, but all serious offers will be considered.
This well known Business Consultancy Franchise is based in Pattaya, and has become available due to owner relocation. The company was established two years ago in a four storey building in the centre of the city. Monthly rent of 30,000 baht is payable, plus monthly salaries of 70,000 baht for five full time employees. Financial results will be provided for interested parties to examine. (BKK13607)
Total Investment to Own: 1.5 million baht.

Well established after eight years of good trade, this Chiang Mai Restaurant and Bar sits surrounded by apartments, and is close to a university in an area mainly frequented by locals. Housed within a two storey building, the business also provides owner accommodation and consists of the restaurant area, three bedrooms and a bathroom. The 100 square metre enterprise usually earns net profits of around 300,000 baht each year, after all expenses are deducted from receipts that average approximately 1,400,000 baht. The owner has now decided to relocate overseas, and has set an attractive asking price of just over annual earnings for a quick sale, even though all furniture, fixtures and equipment are included in the sale. Monthly rent is set at 10,000 baht, and salaries total 11,500 baht per month for two employees. (BKK13686)
Total Investment to Own: 330,000 baht.

Two Commercial Properties in Chiang Mai are being offered on a freehold basis. Located in the Loy Kroh region of the city, both buildings sit on 74 square wah (296 square metres) of land that is just five minutes walk from the tourist friendly Night Market. The first property has three storeys: the ground floor could by rented out as an office, shop or restaurant, for example, as it has a Thai style kitchen and a bathroom; the other two floors feature three bedrooms (one large and air-conditioned) and three bathrooms. The second structure has two storeys, is built using teak, is fully air-conditioned and furnished throughout, and provides seven bedrooms and seven bathrooms. Both buildings were constructed around two years ago, have around 350 square metres of living space and provide parking spaces on two sides. (BKK13687)
Total Investment to Own: 14.5 million baht.

UPDATE! First Quarter results for 2009 continue to show rising cash flow, with sales totalling 2,482,145 baht yielding net profits of 373,100 baht after the deduction of all overheads.
This two year old Hua Hin Restaurant offers a unique menu that differentiates it from the crowd. Established two years ago, the enterprise measures roughly 240 square metres, operates on a three year plus three year lease contract and incurs rent set at 80,000 baht per month. A clause has been inserted in the lease contract that sees the restaurant provide breakfasts for a leading hotel in the city, and this helps to boost the profit margins. Over 85 customers can be accommodated with ease, in air-conditioned comfort and in al fresco surroundings. A very favourable location has been secured directly across the street from a branch of a major chain of globally known hotels, while several other five star, four star and three star hotels are within easy walking range. Staff have been fully trained to provide an authentic atmosphere; salaries total between 75,000 and 90,000 baht per month depending on season, with 13 full time employees forming the mainstay of the workforce. The sale includes pre-paid rent totalling 178,000 baht, a rent deposit of 480,000 baht and an inventory of stock currently valued at approximately 250,000 baht. All furniture, fixtures and equipment will be passed on, and it is believed that the employees will be very keen to remain and work for the new owner. Financial results for 2008 saw a 40 percent jump in profits, with total receipts of approximately 6,400,000 baht yielding net profits of roughly 800,000 baht. (BKK13653)
Total Investment to Own: 4.5 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

Transforming Entrepreneurial Visions into Reality
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