New Thai Business Listings, June 15th, 2009‏

New Thai Business Listings
	June 15th, 2009 / Phone: 02.642.0213
	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 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.

Investors are being offered the opportunity to build up the Master Franchise of an international, multi-award winning franchise specialising in an extensive range of Unique and Creative Beverages. The idea was first launched in a nearby Asian country in 1992, and approximately 700 stores are now operational around the world. Recently arrived in Thailand, the brand aims to establish 30 stores in upmarket shopping malls within five years (it is believed that at least 200 stores can be opened throughout the country during the ensuing years). An input of capital is now needed, as 15,000,000 baht has been spent to date to create a Bangkok headquarters and three recently opened outlets (Bangkok, Pattaya and Chonburi).

Two options are on the table: a 50 percent acquisition for 15,000,000 baht or a full buyout for 18,000,000 baht. The first option would mean an active or passive investor would be matching the initial development investment to date; he or she must also be prepared to match any future investments, although this would only be by mutual consent, and at this stage would probably be limited to 5,000,000 baht. The second option would require an active investor who would need to invest a minimum of a further 18,000,000 baht on the concept; a total of 36,000,000 baht would therefore be necessary.

The product range is considered healthy, clean and ethical, providing fun and energetic drinks that are not overly trendy, thereby appealing to a wide ranging customer base. An import license has been obtained, and employees have been trained in the product's country of origin. The first shipment of raw materials arrived late last year, in ample time for the launch of the first three shops. A very accessible location was found in a three storey property in Bangkok, and this expandable property acts as the company base (a house next door can be built to the same specifications if needed).

A well proven highly efficient point of sale system has been implemented, and this tracks stock and provides sales information in real time via the internet. All shops, although new, are experiencing very good repeat custom. Almost 1,000,000 baht has been spent on marketing, and plans are afoot to launch more outlets in Bangkok's shopping malls. Brand recognition is expected to grow as the year progresses, leading to increased sales. The cost of raw materials is destined to decrease as local sourcing is currently being undertaken. (BKK13733)
Total Investment to Own: 18 million baht (or 15 million baht for 50 percent).

This five storey Bangkok Guesthouse sits in a lower Sukhumvit soi, close to a major hospital, a Skytrain station and an abundance of nightlife venues. A long renewable lease contract has been negotiated, and this does not run out until 2020. Planned owner relocation forces the sale after four successful years; detailed financial results will be provided for interested parties to examine. Rent is payable at a rate of 80,000 baht per month, while salaries totalling 30,000 baht are payable every month to four full time employees. The seven room air-conditioned guesthouse is augmented by a massage salon with four rooms for Thai massage, foot massage and herbal massage. A beauty salon sits on the ground floor, along with an internet area. Capacity is at 90 per cent almost all year round, mainly due to the excellent location close to the hospital. Assets worth approximately 1,500,000 baht will be included in the sale. It would be possible for the new owner to open a bar and restaurant on the ground floor as there is already a small kitchen in existence. (BKK13738)
Total Investment to Own: 5 million baht.

The owner of this Bangkok Guesthouse is planning to move overseas, and must therefore listen to offers for her brand new enterprise. The guesthouse sits in a quiet residential area near Sukhumvit Road, close to a BTS Skytrain station and a major shopping centre. In the immediate vicinity are numerous restaurants, bars and spas. Many customers have already been attracted to the stylish residence, even though trading only began a few weeks ago. Nevertheless, the owner feels that a marketing campaign needs to be undertaken for maximum awareness. The property features 12 uniquely styled air-conditioned rooms with en-suite bathrooms. Flat screen television sets, key card security and free Wi-Fi internet connection is provided in each room. Rent is payable at a rate of 30,000 baht per month on a long nine year lease contract (three years with two renewal options for three years each). A website with online booking has already been developed and is attracting interest. (BKK13737)
Total Investment to Own: 2.6 million baht.

This Bangkok Bar and Restaurant sits in busy Ratchadaphisek Road. Modern styling was utilised when the bar was designed, with the doors opening for trade roughly two and a half years ago; numerous offices are located in the vicinity and office workers and expatriates have proved to be the most reliable patrons. Planned relocation now forces the owner to consider a sale. Receipts for the last financial year totalled 9,578,000 baht, and the main overheads, after food and beverage costs and utility bills have been taken into consideration, are monthly rent of 118,438 baht, and monthly salaries totalling 233,000 baht for 11 full time employees. The property measures 200 square metres and provides seating for 80 customers. An initial investment of just 800,000 baht is required to facilitate a business transfer, with the balance (90 per cent) payable in instalments. Assets worth almost 5,500,000 baht are included in the sale. (BKK13736)
Total Investment to Own: 8 million baht.

An Apartment in a prestigious inner city condominium has become available for acquisition. Measuring 176 square metres, the fully furnished unit has two bedrooms, a living room, a kitchen and three bathrooms. The property sits high up in the 36 storey block, providing sweeping views of Bangkok. Parking spaces are provided (the building has 277 car bays) and the contemporary building features an elegantly appointed lobby, a landscaped garden, full time receptionists, offices, a swimming pool, a fitness centre and meeting facilities. (BKK13735)
Total Investment to Own: 22 million baht.

UPDATE! The owner has reduced the asking price from 4,000,000 baht to 3,000,000 baht.
Impending owner relocation forces the sale of this Bangkok Fashion Outlet. Located in the fashion dedicated Platinum Shopping Centre in Petchburi Road, the shop has run successfully for four years, and currently earns annual net profits of approximately 1,750,000 baht after all deductions are subtracted from receipts that total roughly 4,800,000 baht. The shop occupies two units, measures 30 square metres and incurs monthly rent totalling 84,000 baht (42,000 baht per unit); this has already been pre-paid until the end of 2009 however. Three employees are in place and their remuneration totals 20,000 baht every month. The owner feels that the shop is perfectly positioned in a highly visible area of the shopping centre; no vacant units are currently available in Platinum as the centre has experienced increased popularity over the years. Revenues have increased every year since inception, and the owner feels that this is a trend that is destined to continue. The shop specialises in a popular range of bags, shoes, belts and accessories. Assets worth 300,000 baht will be included in the sale, along with an inventory of stock that is currently worth 483,000 baht. (BKK13652)
Total Investment to Own: 3 million baht.

These two Luxury Two Storey Apartment Houses are located close to the Banyan Tree Resort in Laguna on the island of Phuket. Featuring wooden floors, exquisite furniture, four poster beds and high quality fitted kitchens, the properties were purchased for 15,000,000 baht each; the owner is now looking to sell and will accept the same price for a quick sale. Beautiful landscaped gardens are augmented by ornate swimming pools, and there is freehold land measuring 90 square wah (360 square metres) incorporated in the sale. Each unit has a parking space. (BKK13734)
Total Investment to Own: 15 million baht per unit.

UPDATE! The asking price has been reduced from 5,500,000 baht to 4,800,000 baht.
BKK13729RP-This Pattaya enterprise consists of a number of Serviced Apartments and Mini-Marts. The main building is a serviced apartment hotel with nine fully equipped rooms decorated in European style. Only renovated four months ago, the four storey hotel features brand new assets; all rooms are now air-conditioned, and equipped with cable television, hot water, mini-bars and refrigerators, while entrance is protected using a security key card system. Early results have been positive, with receipts increasing by the month. The ground floor is home to one of the company's mini- marts, while another is located nearby on a busy soi. Both mini-marts are well equipped and supplied by the same contractor used by well known brand name franchise mini-marts in the area. The second mini- mart sits on the ground floor of a building with another three freshly renovated serviced apartments; this building sits close to condominium complexes and a leading hotel, and foot traffic is consequently always high. Over 3,500,000 baht has been spent in total on renovations and assets in both buildings. Projections for the first year of trade would see receipts total around 5,000,000 baht for the mini-marts alone (not including apartment revenue), and these are expected to produce net profits of almost 1,300,000 baht. Stock worth approximately 700,000 baht is included in the sale, along with a registered company. (BKK13729)
Total Investment to Own: 4.8 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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