New Thai Business Listings july 20th

	July 20th, 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:
Acquisitions (Closing and New Owner Take Over):

Franchise Restaurant in Sukhumvit - acquired for 2,600,000 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 English Language School - offer of 550,000 baht accepted, still in due diligence.
Restaurant in Sukhumvit - offer of 900,000 baht accepted.

Franchises are being offered throughout Thailand in a brand new venture promoting Discount Travel Vouchers in every relevant city. Each franchisee will be provided with display stands and all relevant materials, and will be backed up by a well developed website that will feature sections dedicated to each franchise. This totally new concept provides the latest hot travel deals, incentives and bonuses while giving away free flights, free tickets and free vacations. The website is considered to be an important part of the franchise as it targets people prior to travelling to a city and gets people interactively involved with free membership and prizes to maximise product awareness. Based in Australia, the founding company has a history of graphic design and printing and recently added website design to its range of services.

Provided with each franchise will be individual company registration, all marketing material and stationery, 100 wall, table and floor stands, all printed advertising vouchers (minimum 10,000 of each), all artwork, a dedicated website, website maintenance, content update, city write-ups, a main prize giveaway (usually two round trip air tickets to the city starting from any destination in the world and promoted on the main website), regular monthly giveaways of local prizes (shopping, services, dining, accommodation and travel packages) and support. Franchisee investment is expected to be recouped within two years, but the owners feel that this could be achieved even sooner. As the company is due to launch in December franchisees are eagerly sought for Pattaya, Samui, Phuket and Chiang Mai (other cities are also available), while master franchises for neighbouring countries are also negotiable. (BKK13765)
Total Investment to Own: 9 million baht per franchise.

This Website operated until recently as a fully fledged business that had positive results, but the owner let it slide as he became interested in other projects. Brand name recognition was good two years ago, but would now need building up once again. The website still generates a lot of enquiries, however, and ranks number one on page number one for all relevant keywords with leading search engines. All enquiries are currently outsourced to another company, who pay a flat rate of five per cent of the net profits in commission for each job. Names and information of all the subcontractors will be provided with the website, which has been priced to sell. The owner feels that the sale would interest an investor just starting out in the renovation industry, or an existing company looking to secure more good leads. (BKK13761)
Total Investment to Own: 200,000 baht.

This Bangkok based company specialises in Electronic Commerce (e-commerce) and consists of five well established websites. Over 300 clients have renewed their annual memberships during the last year, helping receipts to total 3,493,532 baht; these yielded net profits of 2,036,377 baht after all deductions were taken into account. Monthly rent of just 12,000 baht is payable for a centrally located office, while salaries total 107,000 baht per month for seven full time employees. There are very few other expenses to worry about however, with utility bills and minor incidentals constituting the remainder. The company is well established after six years of growth, but the shareholders have recently voted to seek a sale as they wish to invest in an unrelated venture. Assets worth around 300,000 baht are included in the sale. (BKK13760)
Total Investment to Own: 3 million baht.

UPDATE! The owner has now decided to return to his home town, and will therefore accept much less to achieve a quick business transfer. The asking price has consequently been reduced from 1,600,000 baht to 1,250,000 baht, even though extra shelving has now been added and the inventory of stock is worth much more (approximately 800,000 baht).
Established eight years ago, this Chain of Fashion Shops has grown to encompass six outlets in prestigious Bangkok shopping malls and department stores. A complete range of designer fashion items are stocked, including handbags, apparel, shoes, jewellery, beauty products and leather goods. The present owner has been in place for the last two years, but has recently realised that the enterprise has now grown too big for him to handle on his own, as he also has other projects to manage. Consequently an investor is being sought to acquire the entire chain. Annual receipts average approximately 3,000,000 baht, but 30 percent of this amount is payable for rent and utilities at the stores. The other major outlay is for staff salaries, which total 50,000 baht per month for seven full time employees and one part time worker. The outlets vary in size, with the largest measuring 96 square metres. A valuable inventory of stock is included in the asking price. (BKK13255)
Total Investment to Own: 1.25 million baht.

UPDATE! The asking price has been reduced from 5,000,000 baht to 4,250,000 baht.
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: 4.25 million baht.

UPDATE! The asking price has been reduced from 2,600,000 baht to 2,400,000 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: 2.4 million baht.

UPDATE! The asking price has been reduced from 5,500,000 baht to 4,800,000 baht, but the owner is keen to sell and will listen to all reasonable offers.
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 negotiable.

UPDATE! The owner is now highly motivated to find a buyer, and has therefore drastically reduced the asking price from 3,200,000 baht to just 800,000 baht.
This Pattaya Property Agency was established three years ago, and has expanded to a stage where it earned net profits of approximately 1,000,000 baht during the last financial year, from receipts totalling roughly 1,600,000 baht. The sophisticated website attains very good search engine rankings and contains details of hundreds of properties for sale and for rent in the Pattaya area. Extensive advertising has been carried out over the last three years to give the company excellent brand awareness, while good customer feedback has led to a very favourable reputation within the Pattaya area. The owner of the company has recently decided to sell so that he can concentrate on his core business interest. (BKK13645)
Total Investment to Own: 800,000 baht.

The owner of this successful Phuket Restaurant has recently decided to relocate for the betterment of his son's education. This means the enterprise is being offered on very attractive terms that equate to approximately one year's net profits plus asset value. An excellent location on the main road in Chalong was secured for the 60 seat 300 square metre enterprise, and a wide ranging menu featuring the best of local and international cuisine was implemented at inception.

The enterprise has proved popular with locals and tourists alike, and in the last financial year saw receipts totalling roughly 2,700,000 baht yield net profits of approximately 1,100,000 baht. These figures include additional income derived from room rentals, as there are also seven guestrooms onsite fitted out with en-suite bathrooms, cable televisions, hot water and safety boxes; from November these rooms are fully booked all through the high season.

The restaurant provides indoor and outdoor seating areas, and the meals are dispensed from a very large professionally equipped kitchen. Four full time employees are retained on salaries that total 55,000 baht per month. A long lease that is renewable every three years has been negotiated on rental terms of 35,000 baht per month, although rent will rise to 55,000 baht per month in 2011. Assets included in the sale have been valued at 1,200,000 baht. (BKK13764)
Total Investment to Own: 2.4 million baht.

This Mexican Restaurant is located on the main road at one of Phuket's most popular tourist beaches. Measuring 90 square metres, and sitting on 1,600 square metres of land, the restaurant incurs monthly rent of just 12,000 baht. There is also a three bedroom house onsite for owner accommodation. A long lease has been negotiated, and permission has been granted by the landlord for the extension of the restaurant or construction of another business property. Six employees have been hired (three of these work part time) and their take home pay normally totals around 30,000 baht a month. Expenses are very low, and consequently last year from 2,500,000 baht in gross sales the owner was left with 1,600,000 baht in net profits.

At present the restaurant is only open for five hours a day, so if the new owner wished to extend the operating hours then profits would almost certainly increase. Assets have been valued at about 260,000 baht. The owner is amenable to financing if required, and feels that the enterprise offers good value and an excellent opportunity for a retired couple. Currently the manager takes care of the business; this is because the owner is busy on another project and consequently feels that a sale is merited. A very attractive asking price that is basically equivalent to one year's profits plus asset value has been set for a quick sale. (BKK13763)
Total Investment to Own: 1.9 million baht.

UPDATE! The asking price has been reduced from 11,500,000 baht to 10,500,000 baht. The owner will also now accept just 50 per cent of this amount as an initial investment, with the balance payable during the ensuing year.
Located just 100 metres from Patong Beach, this two year old freehold Phuket Apartment contains 80 square metres of living space. Featuring one bedroom, a bathroom, a living room, a balcony and a kitchen, the unit sits within a five star apartment block and is furnished to a very high standard. The building has good facilities including a swimming pool and a restaurant, and is considered to be one of Patong's finest. Recently the apartment was rented out during high season for 45,000 baht per month. The owner will soon be relocating however, so an opportunity has arisen for an investor who either wishes to live in the area or has a view to a rental income. (BKK13717)
Total Investment to Own: 10.5 million baht.

Profitable since the second year of trade, this Koh Tao Restaurant has been lucrative ever since. Roughly 8,000,000 baht has been invested; the existing structure has been completely renovated while a garden dining area has been constructed. A very good worldwide reputation has been built up and positive reviews have been printed in several leading guidebooks. During the high season it can often take a three day wait for a customer to reserve a table. The owners feel that the quality of food, beverage and service is second to none and that a unique ambiance has been provided; they take a very hands-off approach to the endeavour these days as expert chefs and employees that have been in place for three years can be trusted to perform their duties to a high standard.

A potential opportunity has arisen for the owners to move on to another exciting project, but they are in no hurry to leave, and have set a two year time limit on selling the restaurant, such has been the enjoyment the project has provided so far. Lifestyle should be the primary motivation for prospective investors, the owners feel, and the restaurant would therefore suit a retiree looking to enjoy the good life, a young chef who's saved enough money to start out on his own or a couple looking for a quality first family venture. In short, the restaurant is a dinner only, high-end, fine dining venue catering to a mainly 30 something crowd of European (predominantly Scandinavian) clientele. There are only two really low months, in May and November. Being a seasonal business most of the cash flow is earned during the high season, however the restaurant is open and profitable all year round.

Annual gross sales have averaged 8,800,000 baht over the last three years. The main overheads, after food and beverage costs and utility bills are taken into account, are rent payable annually in advance (450,000 baht per annum) and salaries that normally total between 70,000 baht and 80,000 baht per month (10 full time employees are supplemented by part time workers as the season demands). Annual net profits normally come in at around 2,200,000 baht.

The three storey stand alone property sits at a prime high foot traffic intersection at the busiest beach on the island. Delivery friendly, the property features a street level dining area, a bar, a lounge, a private dining room, an al fresco garden dining area, a split level wooden dining deck overlooking the garden, a fully equipped garden grill kitchen, a professional indoor kitchen and climate controlled wine storage. The inventory of stock is normally worth between 300,000 and 500,000 baht. (BKK13762)
Total Investment to Own: 9 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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