New Thai Business Listings, April 20th, 2009‏

Dear Christopher, 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, 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.
Fruit Juice Shop in Bangkok - offer of 230,000 baht accepted.
Fast Food Franchise Outlet in Pattaya - offer of 2,000,000 baht accepted.

This leading online Asian Property Agency has enjoyed considerable success since being established in Thailand around 10 years ago. Using a website that has been uniquely configured to cover the entire region, the agency has built up a detailed database of residential and commercial properties both for sale and for rent. The day to day business is managed and operated by a real estate team with more than 15 years of experience in managing, letting and selling properties primarily in Bangkok, but also throughout Thailand. A substantial knowledge of the property market has been gained over the years, especially in Bangkok where almost every apartment block is represented. Most of these properties are held off the website for reasons of client confidentiality. The owner now feels the need to concentrate on the development of an unrelated website, and he will therefore listen to offers. He states that one of the most beneficial factors of running the website is the ability to regularly access and update the database from any location in the world. An average income of around 150,000 baht is being garnered and, due to the nature of the business, overheads are kept low. Full financial results will be made available for scrutiny. (BKK13695)
Total Investment to Own: 2 million baht negotiable.

This Bangkok based Pork Goods Manufacturing Company operates from a large factory that sits on five rai (8,000 square metres) of freehold land. A large workforce is necessary to keep the production line running, and normally 80 full time workers are assisted by around 20 part time employees. As there is no rent to pay the payroll therefore forms one of the major outlays, and averages 380,000 baht per month. The company is now firmly entrenched in the marketplace, having operated successfully for the last 16 years. A wide range of products have been favourably received by the public, enjoying a high profile in many leading supermarkets, while certain items have also been successfully exported. This leads to receipts that total approximately 100,000,000 baht per annum, and these yield annual net profits of around 12,500,000 baht after all expenses are accounted for; these include marketing, production, transportation, packaging and raw material costs. Assets to be acquired have been valued at 110,000,000 baht and include all buildings, land and machinery. There are 20 car parking spaces onsite, and the company benefits from owning a professionally designed website complete with shopping basket. (BKK13694)
Total Investment to Own: 140 million baht.

The owner of this very profitable Bangkok Car Rental Firm is looking to retire, but has no heir to succeed him as manager; he is therefore reluctantly placing the business up for acquisition. A fleet of vehicles was acquired when the company was launched around 18 months ago, and a recent assessment placed a value of 14,000,000 baht on all cars, vans and moving trucks. As net profits of approximately 4,000,000 baht are being earned (from receipts totalling around 12,000,000 baht), the owner feels that the asking price of 18,000,000 baht is therefore very attractive, as this equates to asset value plus annual earnings. Monthly rental payments total 45,000 baht for the company office and for the parking site combined. As drivers are available for hire along with the vehicles the workforce is quite large, numbering 14 full time employees who are paid 150,000 baht per month in total. The sale includes a functional website which helps to drive custom. (BKK13692)
Total Investment to Own: 18 million baht.

This Worldwide Accommodation Website has a database of more than 6,000 registered accommodations, and has a further 5,000 or so others on standby ready to be added as new properties are continuously being registered online. The website was established in 2000, under a dedicated management team, with the aim of creating an online directory of worldwide accommodation ranging from bed and breakfasts to five star hotels. As registration costs US$20 per annum the site generates receivable income of over US$120,000 each year, and this amount increases as the database grows. The coding of the booking engine generates another US$50,000 per annum as reservation commissions cost US$10 annually. A proposed business transfer has arisen due to the desire of the owners to re-focus their interests on other parts of their internet business. The enterprise can feasibly be operated from anywhere in the world. (BKK13693)
Total Investment to Own: US$150,000

This Italian Restaurant is located within five minutes walk of the Night Bazaar in Chiang Mai. The 94 square metre property incurs monthly rental payments of 15,000 baht on a rolling annual lease contract. Good financial results are being seen after two years of growth, and the last financial year saw receipts totalling approximately 2,300,000 baht yield net profits of roughly 600,000 baht. The payroll totals 27,500 baht per month for five full time employees who are expected to remain in place to work for the new owner. Although the turnkey enterprise is offered complete with all assets needed to continue operations, the option exists to complete a takeover for just 500,000 baht without any assets (if the new owner wished to set up an entirely different kind of endeavour for example). The proposed sale has arisen due to the owner's recent decision to relocate. (BKK13691)
Total Investment to Own: 1.3 million baht.

Located on busy Huaykaew Road in Chiang Mai, this Restaurant and Bar serves an extensive menu featuring predominantly Thai, Chinese and European fare. The enterprise was only established around six months ago, but the owner has found that he does not have the time to manage it in conjunction with his core business interest. An attractive asking price has therefore been set for a quick sale. Recent months have seen sales average roughly 120,000 baht; monthly net profits of approximately 25,000 baht have then been garnered after all monthly expenses were accounted for. The main overheads, after food and beverage costs, are rent, payable at a rate of 22,500 baht per month, and salaries totalling 21,000 baht per month for three full time employees. It is believed that the landlord is willing to offer a long term lease for the 180 square metre 70 seat property to the new owner, if desired. Assets to be passed on include a projector TV, a stereo system, a secondary TV, an internet connection and kitchen equipment. The asking price also includes a reclaimable security deposit of 40,000 baht. (BKK13690)
Total Investment to Own: 250,000 baht.

UPDATE! The owner is now highly motivated to sell, and will listen to all realistic offers.
Boasting a reputation for serving some of the best food in Hua Hin, this seven year old Restaurant and Pub has developed a strong customer base, and enjoys repeat custom from expatriate residents, locals and tourists alike. Based in large premises measuring 600 square metres, the three storey business will have the option to expand in around 18 months when another 650 square metres of space is expected to become available. At present monthly rent of 60,000 baht is payable for both the pub/restaurant and apartments on the floors above. A long nine year lease contract is in place, and this can be extended on expiry. The payroll totals approximately 70,000 baht per month for nine full time employees.

Valuable assets worth around 5,500,000 baht are included in the sale; the entire package can be acquired for 14,000,000 baht, but the owner is prepared to sell the pub/restaurant for 10,000,000 baht with the apartments then being available separately for 4,000,000 baht. The property is nicely positioned in a beautiful area of the city, on the seafront, and benefits from having a large free car parking area for approximately 100 vehicles directly opposite. The owner is not happy with the standard of education that his children are being given, and therefore feels the need to sell the business to relocate to an area with better schooling.

The interior of the pub/restaurant in very stylish; marble flooring and bench tops are augmented by hardwood bar tops and cast iron and teakwood tables. Around 70 patrons can be comfortably accommodated, and they can make use of a dart board, a pool table and five large flat screen televisions. The kitchen is fitted out to professional standards, and features a walk in chiller and freezer. The apartments are also stylish in the extreme, and benefit from impressive sea views, elevator access and large sun terraces. The entire property is air-conditioned throughout. Fully documented accounts will be made available for interested parties to scrutinise. (BKK13425)
Total Investment to Own: negotiable.

Before we go, we would like to draw your attention to the Bangkok St George's Society Annual Ball on Saturday 25th April at the JW Marriott. Full particulars are shown below, along with booking details:

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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