New Thai Business Listings, September 21st, 2009

	New Thai Business Listings
	September 21st, 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:

Real Estate Agency in Bangkok - offer of 2,900,000 baht accepted, still in due diligence.

The owner of this Bangkok Real Estate Agency wishes to sell the company so that he can concentrate on his new unrelated business venture. The agency was established six years ago, and has now accrued over 6,500 listings throughout the city, along with a photographic database of hundreds of properties. Real estate in Hua Hin, Koh Samui, Pattaya and Phuket are also featured however, and the company acts as international relocation agents, having developed relations with local embassies and several multinational companies.

Two well established websites with good search engine ratings are included in the sale, and these dovetail to cover both the retail and the rental markets. The company also offers a property management service and professional property search assistance for investors. Operating from a centrally located office measuring 85 square metres, the agency earned annual net profits of 2,941,000 baht in the last financial year. This is after all overheads were deducted from receipts totalling 5,653,000 baht. Monthly rent of 24,000 baht is payable, along with staff salaries that total 36,000 baht per month for three full time employees. (BKK13810)
Total Investment to Own: 5.9 million baht.
Click Here to see this Listing on the Sunbelt Asia Website.

This Bangkok Publishing Company is seeking investment to raise funds for expansion into retail, with five bookshops planned to open in Thailand within two years. With this in mind 30 percent of the company is being offered for 9,000,000 baht, although the offering consists of three 10 percent parcels priced at 3,000,000 baht each. The owner is prepared to guarantee investors a five percent return on investment for the first three years. Firmly entrenched in the marketplace, the company has run successfully for the last 12 years, building up a good reputation and a reliable customer base along the way. Sales over the last three years have risen from 5,000,000 baht to 8,000,000 baht, while net profits have doubled from 2,000,000 baht to 4,000,000 baht (approximate figures) over the same timeframe. Details of planned locations will be discussed with interested parties. (BKK13809)
Total Investment to Own: 3 million baht for 10 %
Click Here to see this Listing on the Sunbelt Asia Website.

This Exclusive Book and Magazine Distribution Company has become an industry leader since opening for business around 10 years ago. Based in Bangkok, the company has regularly achieved sales that average 5,000,000 baht per annum. A long term exclusive distribution agreement has been secured with a well established 50 year old company, which has built up similar arrangements with distributors in 30 other countries. A large database of over 350 reliable customers has been built up, and excellent relationships have been fostered with many leading brand name companies and exporters found in top retail centres throughout Thailand. Many high profile Thai Government sponsored institutions are also customers.

Sales in 2008 were down from 2007 results of 5,700,000 baht due to the tough economic climate, but are up by around 10 percent in 2009. In fact the first quarter produced record high results, with February sales totalling 1,336,000 baht. End of year forecasts would see sales total 4,250,000 baht.

Excellent opportunities for growth exist as there are untapped markets in Thailand and neighbouring Vietnam, Laos and Cambodia; an online presence could also prove profitable by giving the company extra visibility. The turnkey operation runs out of a centrally located 70 square metre office that incurs monthly rent of 14,789 baht; numerous offices and embassies are located in the area which is considered to be very prestigious. A valuable inventory of stock valued at cost at 1,000,000 baht will be included in the sale.

The European supplier offers generous 60 day terms on invoices and all customers are required to pay in full, in advance, before any orders are shipped to them. Mark up on most products is between 35 and 45 percent. The owner has been very pleased with the success of his enterprise to date, but has recently decided to return to the USA to help in a family related business. Only one employee is retained on a salary that totals 20,000 baht per month. (BKK13808)
Total Investment to Own: 2.1 million baht.
Click Here to see this Listing on the Sunbelt Asia Website.

This Dim Sum Restaurant is located close to Sukhumvit Road in Bangkok. Approximately 2,800,000 baht was spent on assets and leasehold improvements when the establishment was first opened around a year ago, and this amount is now being sought to achieve a business transfer, due to the fact that the owner has another business to run. The asking price is deemed to be highly attractive, as the going concern earned net profits of roughly 600,000 baht in the first year of trade, after all overheads were deducted form receipts totalling in the region of 4,200,000 baht. Monthly rent of 60,000 baht is payable, and this amount covers all electric and water bills. Food and beverage costs and salaries totalling 45,000 baht per month for six full time employees then make up the remainder of the expenses. The property is located in a shopping zone that provides ample parking, measures 80 square metres and provides seating for 46 diners. (BKK13807)
Total Investment to Own: 2.8 million baht.
Click Here to see this Listing on the Sunbelt Asia Website.

Nicely located in one of Bangkok's central nightlife zones, this Sports Bar caters mainly to tourists and expatriates. Easily reached by Skytrain, the three storey bar has operated for the last six years. Fully documented annual audits will be available for interested parties to peruse, but the owners state that receipts totalled 4,200,000 baht in the last financial year. The main overheads are monthly rent of 70,000 baht and salaries for six full time employees. Food and beverage costs then have to be accounted for, along with utility bills and incidental expenses. Assets worth around 1,400,000 baht will be included in the sale, which has only come about as one of the owners intends to move to Australia. All major sporting events are broadcast, while a kitchen provides a range of pub grub for viewers. (BKK13806)
Total Investment to Own: 2.8 million baht.
Click Here to see this Listing on the Sunbelt Asia Website.

UPDATE! The asking price has been reduced from 5,500,000 baht to 5,000,000 baht.
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 million baht.
Click Here to see this Listing on the Sunbelt Asia Website.

A Unique Transit Hotel, which caters almost exclusively to single-night customers from the adjacent Phuket International Airport, has become available for acquisition because the Thai owner is relocating to care for her family. Not only is the hotel just 600 metres from the airport terminal, it is also a similar distance from a beautiful beach where it is safe to swim 365 days a year.

Constructed in 2006 from the ground up to provide access for both able-bodied and wheelchair guests, the resort consists of five air-conditioned bungalows providing 10 rooms, a swimming pool, a laundry and staff building, private parking, and a reception building complete with restaurant and bar. Just three years old, the hotel is in pristine condition, and cost 10,000,000 baht to build. Agreements are in place with international, national and local travel companies, and many bookings are secured via the company's website, which is ranked number one on the Google search engine.

The majority of customers book their stay via pre-paid, online booking, but there is a daily flow of walk-in customers from the nearby airport. The resort is open 24 hours a day and many guests spend the first night and last night of their holiday at this transit hotel, as it is located close to the airport but away from flight paths; guests never have to suffer from any intrusive aircraft noise.

The hotel is highly rated on hotel review websites and is popular with foreign and Thai customers. Every room has a super fast and free wi-fi connection, along with all mod cons, and the hotel is often fully booked even in low season, due to its unique location at the airport. The first year of trade (2006/7) was very successful, and net profits of 4,800,000 baht were earned. Similar profits were achieved in 2007/8 and profits for the past 12 months are just over 3,500,000 baht, in spite of the downturn in tourist numbers to Phuket.

Whilst disruptions at the airport are a major headache for other hotels in Phuket, this transit resort becomes fully booked within minutes of any major flight delays. A three phase electricity supply covers not only this area, but the airport as well, so any power cuts are immediately resolved. The hotel also has its own water well, which has never run dry, while six septic tanks provide more than adequate waste disposal. A 70 channel cable TV system with many foreign language channels is provided in each guest room. Sitting on one rai (1,600 square metres) of land that is planted with mature trees and bushes, the hotel enjoys the benefits of a long and renewal land lease that still has 12 years remaining, with monthly payments of 55,000 baht being applicable. (BKK13805)
Total Investment to Own: 10 million baht.
Click Here to see this Listing on the Sunbelt Asia Website.

UPDATE! The owner is now highly motivated to sell, and has consequently slashed the asking price from 2,400,000 baht to just 1,100,000 baht, for a quick sale.
This one year old Indian Restaurant sits on Chaweng Beach Road, the busiest road on Koh Samui. The owner is considering a sale as he has other businesses to concentrate on, and cannot afford the time to manage the restaurant to his satisfaction. Decorated with taste, while providing fine cuisine from an extensive menu, the business draws customers from nearby resorts, and has built up a good reputation in a short space of time. This has led to financial forecasts that would see annual receipts of around 5,000,000 baht yield net profits of approximately 1,800,000 baht, based on results to date. The owner feels that there is serious potential to boost these figures with even greater market awareness. Monthly rent of 29,000 baht has been pre-paid until January 2010. The restaurant can seat 54 diners in comfort, and four full time employees have been hired to serve them. Assets that only recently cost 700,000 baht are included in the sale. (BKK13249)
Total Investment to Own: 1.1 million baht.
Click Here to see this Listing on the Sunbelt Asia Website.

UPDATE! The asking price has been reduced from 28,000,000 baht to 22,000,000 baht.
A partnership split forces the sale of this beautiful Koh Samui Resort, which is located on 2.2 rai (3,520 square metres) of land. Eight Balinese style guestrooms are onsite, along with two family villas, each containing two bedrooms and two bathrooms, and a 50 seat restaurant. The landlord has agreed to allow the construction of further accommodation on the huge property, which sits in well maintained tropical gardens. Only 50 metres from the beach, the resort has a good reputation, and a website helps to attain an occupancy rate that averages 80 percent. This leads to annual receipts of approximately 8,200,000 baht, and net profits of around 4,200,000 baht. A long lease is in effect, lasting for 28 years, and it is possible to extend this for a further 30 years on expiration. Monthly rent of 60,000 baht is applicable. (BKK13162)
Total Investment to Own: 22 million baht.
Click Here to see this Listing on the Sunbelt Asia Website.

UPDATE! The asking price has been reduced from 3,300,000 baht to 2,500,000 baht.
Established over three years ago in a prime tourist location on Koh Samui, this dynamic Discotheque and Cabaret Lounge has been successful ever since. Sitting on one of the islands busiest main roads, the establishment is surrounded by resorts, restaurants, bars and shops, and consequently benefits from busy foot traffic all year round.

The owner recently added brand new decorations along with tasteful furniture, while modifying the 120 square metre air-conditioned location by changing all the light and sound systems to provide a fresh experience. The cabaret area is now overlooked from the bar and provides fantastic nightly show performances.

A 2,000,000 baht registered company is included in the sale, and this provides one work permit. In the last financial year receipts totalling approximately 3,600,000 baht produced net profits of roughly 1,020,000 baht, with the main overheads being monthly rent of 15,000 baht and salaries for 14 full time employees. The lease does not expire until October 2011, and this can be renewed for a further three year period. (BKK13535)
Total Investment to Own: 2.5 million baht.
Click Here to see this Listing on the Sunbelt Asia Website.

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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