New Thai Business Listings, June 1st, 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 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 2,600,000 baht accepted, still in due diligence.

This Bangkok Boutique Hotel only opened in 2008, but has become available for freehold acquisition as the owner has no experience in the hotel industry. The hotel is within easy reach of a major BTS Skytrain station, and only about 15 minutes walk from the MRT Metro system. Easy access to the expressway is also provided, meaning that the international airport at Suvarnabhumi can be reached with ease, either by taxi or via the new high speed rai link's city terminal. A total of 62 deluxe rooms and suites are provided in a range of sizes; each is decorated tastefully with high end furniture and features a flat screen TV, a DVD player, an IDD telephone line, a fully stocked mini-bar, a high speed internet connection, an in-room safe, a refrigerator, complimentary tea and coffee making facilities, a hair dryer, bathroom scales and an electronic key card. International haute cuisine is provided by the hotel's restaurant. Two buildings are incorporated in the sale; one is eight storeys tall while the other has five storeys. Freehold land measuring 375 square wah (1,500 square metres) is also included. The turnkey enterprise is staffed by 40 full time employees and augmented by an attractive website complete with an online booking page and parking for 25 vehicles. (BKK13726)
Total Investment to Own: 480 million baht.

This large Bangkok Bar and Grill was only established two months ago, but personal circumstances now force the owner to consider a sale. A long lease contract has been negotiated, and this runs, with contract extensions, until 2017. Monthly rent of 49,000 baht is applicable, but no rent increases are stipulated during the term of the eight year lease. Approximately 4,000,000 baht was spent on assets and leasehold improvements, and everything is still as new. The building was completely renovated; the wiring and plumbing systems were both revamped and top end assets were installed. The kitchen now features a charcoal grill and professional stainless steel fixtures and equipment. Consisting of two double shop houses with five floors, the large property features two bar areas, a restaurant, pool tables, six apartments and a rooftop area. A well attended university sits nearby and the area is regarded as a nightlife zone. Three full time employees and a part time worker have been employed and the business is fully operational. A registered company can be acquired if desired. The owner will introduce the investor to all suppliers to guarantee a smooth transition. (BKK13725)
Total Investment to Own: 9.5 million baht.

Five well located Offices have become available for rent in a prominent Bangkok business zone. Sitting on the 27th floor of a well known commercial building, the offices can be acquired for monthly rent of 575 baht per square metre. The units vary in size, and range from 51.85 square metres to 188.85 square metres (two units measure 94.4 square metres while the fifth measures 62.5 square metres). Sitting close to one of the city's MRT Metro and BTS Skytrain hubs, the offices are air-conditioned and have access to a receptionist and a maid. Common areas feature a reception, a pantry, a refrigerator, a microwave oven and bathrooms. Security cameras are in place and a smart card access system with attendance time reporting has been installed. High speed Wi-Fi internet connections are incorporated in each unit. The building itself has ample car parking, a meeting room with LCD projector, a swimming pool and a fitness centre. (BKK13724)
Total Investment to Rent per Month: 575 baht per square metre.

UPDATE! The asking price has been reduced from 580,000 baht to 380,000 baht.
Other business commitments have forced the owner of this brand new Bangkok Coffee Shop to consider a sale. The café is situated in a recently upgraded building opposite a new development of low rise apartments, and is surrounded by private housing. High quality equipment has been installed throughout, and assets included in the sale include refrigerators and a freezer for the sale of ice cream products. The ground floor consists of seating for 22 customers, a counter area and western style bathroom facilities, while additional seating is provided in a small garden at the rear. A modern staircase leads to the first floor and a beautifully decorated large room that could be utilised to expand the café, as an office or as living space. The main outlays after food and beverage costs and utility bills are taken into account are monthly rent, set at 14,000 baht, and monthly salaries totalling 14,000 baht for two full time employees. (BKK13603)
Total Investment to Own: 380,000 baht.

UPDATE! The asking price has been reduced from 3,750,000 baht to 2,950,000 baht for a quick sale.
This Bangkok based Dining Website offers information on a wide ranging selection of restaurants throughout Thailand and the Asia Pacific region. Comprehensive details and photographs of all establishments are provided online, and a large database has been built up over eight years of trade. The owner is now looking to sell the endeavour as he has another unrelated project in Phuket that requires most of his attention. This is in spite of the fact that yet another development in his native country needs tending to; the website is therefore being left to run under the guidance of a salesman who now performs most of the day to day tasks on a commission basis. An investor who didn't wish to take much of a hands-on approach (the website still needs updating with new information and email communications need to be handled), could therefore let this arrangement continue.

Many travel directories now mention the website as being significant. Very little computer knowledge is needed, and the enterprise can be feasibly operated from any location in the area. Search engine results are excellent, and the site is now considered to be one of the most noteworthy of its type in the world, leading to even greater demand from restaurant owners. Gross sales have risen from 880,000 baht in 2006, to 990,000 baht in 2007, while 2008 produced an amount of 1,215,000 baht. As overheads are very low these figures are almost pure profit, with only around 50,000 to 150,000 baht deductible each year (mostly depending on commissions). The owner feels that the website is a fun way to earn a living in Thailand with as much or as little effort as you may choose, while enjoying good food (often provided free) along the way. (BKK13713)
Total Investment to Own: 2.95 million baht.

UPDATE! The asking price has been reduced from 2,000,000 baht to 1,400,000 baht. The 210,000 baht rental deposit is now also included in the sale price.
The owner of this Bangkok Thai Restaurant has recently decided to relocate with his wife back to his European homeland; he is therefore seeking an investor to purchase the enterprise. Sound financial results have been attained, with receipts of around 3,000,000 baht per annum yielding net profits of approximately 1,000,000 baht. The location is good, close to Sukhumvit Road in one of the leading lower Sukhumvit sois. Measuring 260 square metres, the establishment has seating for 36 customers inside the property and seating for a further 17 in alfresco surroundings. Numerous condominiums are located within walking distance and the restaurant draws its customer base from local Thai and expatriate residents. Assets valued at 180,000 baht are included in the sale. Rent is set at a rate of 70,000 baht per month. (BKK13382)
Total Investment to Own: 1.4 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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