New Thai Business Listings October 5th, 2009 / Phone: 02.642.0213

New Thai Business Listings
	October 5th, 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 submitted awaiting approval or counter offer:

Thai Restaurant in Bangkok - offer of 1,550,000 baht, still pending.
Language School in Bangkok - offer of 3,250,000 baht, still pending.
Real Estate in Bangkok - offer of 3,400,000 baht.
Hotel Project in Khon Kaen - offer of 4,000,000 baht.

The owners of this new Bangkok Cocktail and Ice Bar are searching for a partner to take over 30 percent of the business for expansion purposes. Sister branches are located in the tourist hot spots of Pattaya and Phuket, and the brand name is already gaining good recognition. Ice rooms are currently proving trendy, with patrons knocking back chilled vodka shots in chilly surroundings. The Bangkok branch has a second floor that is considered to be a VIP area, and the balcony here gives good viewing of the live music area below, while also providing better acoustics. Although the music is predominantly live, disc jockeys fill in during band sessions, playing a wide ranging variety of music to suit most tastes. The bar is very spacious, measuring over 300 square metres, and has been secured on a long six year renewable lease contract on a monthly rental agreement of 90,000 baht. Financial projections will be discussed with interested parties. (BKK13818)
Total Investment to Own: 3 million baht for 30%
Click here to see this listing on the new Sunbelt Asia Website.

This Online Hotel Booking Company can be run from anywhere, as it is purely internet driven. As the business can be run from home, with few if any staff, overheads are low, and the developer feels that income of between 5,000,000 baht and 8,000,000 baht per annum is attainable after suitable marketing. Around 18 months has been spent perfecting the system, and the investor will acquire a fully functional real time website with access to hotels throughout Thailand with agreed allotments and therefore instant booking confirmation, and on request bookings for hotels in Malaysia, Cambodia, Singapore, Bali, the Philippines, Sri Lanka and Vietnam, through online credit card payments. An overseas bank account has been opened, and overseas company registration has been acquired. The enterprise is fully licensed, has a corporate structure in place, and bears no business liabilities. Optimisation of the complex website has recently been activated. (BKK13816)
Total Investment to Own: 2 million baht.
Click here to see this listing on the new Sunbelt Asia Website.

The owner of this Bangkok Flower Shop runs a similar store in another part of the city, and is encountering trouble trying to manage both at the same time. She has therefore decided to sell this three month old establishment, which is the newer of the two. Around 86,000 baht was spent on assets and leasehold improvements when the shop first opened. Overheads mainly consist of monthly rent of 14,000 baht and a monthly wage of 10,000 baht for one full time employee. The shop is well positioned close to Sukhumvit Road, and can be reached by both the MRT Metro and the BTS Skytrain transport systems, although a short walk is also entailed. Projections for year end financial results have been made, but these are dependant on very early trade results, and could improve over the ensuing months, especially with a more dedicated owner in place. (BKK13821)
Total Investment to Own: 180,000 baht.
Click here to see this listing on the new Sunbelt Asia Website.

Two different investment options are being proposed for the takeover of this Pattaya Language School. Interested parties have the choice of purchasing the school outright, on a freehold basis, or acquiring it on a lease contract that would see monthly rent of 15,000 baht being payable. In either scenario the five year old business must be purchased on top. The school consists of three floors measuring 50 square metres each containing a total of five classrooms of varying sizes. Three employees are currently retained on salaries totalling 40,000 baht per month. If the leasehold option is followed up the current owner, who now wishes to concentrate on his core business interest, will become the landlord; he will help in the transfer of the school license whichever selection is pursued. Fully audited financial records will be provided for prospective buyers to examine. (BKK13824)
Total Investment to Own: 3 million baht (plus 3.5 million baht for the building if required).
Click here to see this listing on the new Sunbelt Asia Website.

This modern Franchise Noodle Shop is located in a well known shopping mall in Chonburi, where it sits close to a busy cinema. Approximately 1,900,000 was spent on assets and leasehold improvements when the shop first opened, about a year ago, but the owner will now sell for much less due to other business commitments. Receipts to date have totalled 2,150,841 baht, with the main expenses, after food and beverage costs are taken into account, being rent, payable at a rate of 108,405 baht per month, and salaries totalling 44,843 baht for eight employees (six of these work on a part time basis). Profits are therefore negligible, but the owner feels that these could be boosted with a full time owner in place, especially as the location is considered favourable. (BKK13822)
Total Investment to Own: 1 million baht.
Click here to see this listing on the new Sunbelt Asia Website.

This Franchise Noodle Shop is being sold by the same owner as listing BKK13822, and is also well located in a similarly well known shopping centre near Chonburi. Around 1,900,000 baht was also spent to open these very modern premises, but they can also be acquired for much less due to the owner's busy lifestyle. In the nine months of trade so far financial results have almost mirrored the results of the other shop. Outlays are slightly cheaper however, with rent payable at a rate of 87,680 baht per month, while salaries total 43,071 baht per month for eight employees (again six of these are part time workers). (BKK13823)
Total Investment to Own: 900,000 baht.
Click here to see this listing on the new Sunbelt Asia Website.

Located in one of Thailand's most idyllic areas, on the tranquil upper banks of the River Kwai, around 50 kilometres north of Kanchanaburi, this three year old Resort has become available for acquisition due to imminent owner retirement. Land purchase and construction totalled approximately 15,000,000 baht, and the freehold offering includes over two rai (3,200 square metres) of land, two main buildings with 23 rooms and seven bungalows, all facing the river, surrounded by beautiful well maintained gardens.

In the last financial year the resort earned net profits of 1,282,716 baht after all deductions were taken into account; receipts totalled roughly 2,000,000 baht and profit margins were good as there was no rent to pay. Cash flow was also boosted by a delightful restaurant that provides traditional fare to diners as they gaze across the meandering river, and wedding packages have recently proved popular.

Two golf courses can be reached in less than 30 minutes, and the resort is also handily placed for guests wishing to visit the nearby waterfalls. Kayaks are provided and elephant trekking, fishing, hiking and rafting activities can be undertaken with ease. A nicely designed website is fully operational and this also helps to build up occupancy rates. (BKK13820)
Total Investment to Own: 25 million baht.
Click here to see this listing on the new Sunbelt Asia Website.

Boasting a reputation for serving some of the best food in Hua Hin, this seven year old Seafront Restaurant and Pub with Studio Apartments has developed a strong customer base, enjoying 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 nine months when another 650 square metres of space will become available. At present monthly rent of 55,000 baht is payable for the entire property. A long nine year lease contract is in place, and this can be extended on expiry. The payroll totals approximately 50,000 baht per month for seven full time employees.

Valuable assets worth around 5,500,000 baht are included in the sale, along with a registered company with 4,000,000 baht of registered capital which provides two work permits. The property is nicely positioned on the seafront, and benefits from having a large car parking area for approximately 100 vehicles directly opposite. The owners are not happy with the standard of education their children are receiving, due to the lack of an international school in the area, and therefore have no option but to relocate to an area with better schooling.

The interior of the pub/restaurant is old English Tudor in style, and features teak wall panelling, hardwood floors, a heavy bar top with a black matt marble floor bar surround and cast iron, teak wood and marble topped tables. Around 70 patrons can be comfortably accommodated, and can make use of a dart board, a pool table and five large flat screen televisions. A full stainless steel professional kitchen, featuring a large walk in chiller, a Hobart convection oven, and many other professional kitchen machines, appliances and utensils, is included in the sale.

The apartments are beautifully furnished and benefit from impressive 360 degree mountain and sea views, elevator access and a large private sun terrace with tropical garden. The entire property is air-conditioned throughout and also has Wi-Fi. Fully documented accounts will be made available for interested parties. Viewing is highly recommended. (BKK13817)
Total Investment to Own: 9.5 million baht.
Click here to see this listing on the new Sunbelt Asia Website.

UPDATE! The owners are now highly motivated to sell, and have drastically reduced the asking price from 185,000,000 baht to just 43,000,000 baht, for a quick sale. The spa and six apartments are now constructed, and will be sold for less than land value and construction cost combined.
This unique Phuket Resort has grown substantially over the last eight years, and has evolved from a dream home for the owner into a substantial complex featuring three properties set on four rai of land.

A sizeable villa, with a built-up area measuring 1,500 square metres, was originally built on 3,000 square metres of land next to a waterfall, and this provides absolutely spectacular sunset views over the bay of Karon and its tropical headlands. Facilities include a private swimming pool and Jacuzzi, a large sundeck, corporate training facilities, sauna and steam rooms, an entertainment area, a bar, a pool table room and an outdoor dining area with a barbecue and landscaped gardens.

This was followed by the construction of a second swimming pool with sundecks, a reception area with a 'raw food restaurant', a pool bar and 14 luxury apartments; these were completed two years ago and were sold on a leasehold agreement, with the company managing property rentals and maintenance. Each apartment has been tastefully fully furnished and is equipped with air-conditioning, a television with satellite programming, a DVD system, a telephone, an internet connection, a western style kitchen and an en-suite bathroom with a shower and a Jacuzzi. Magnificent views over the swimming pool and the sea can be observed from the balconies, the living area and the bedrooms. One year ago a 150 square metre fully equipped fitness centre was added.

Currently under construction are six one bedroom apartments and a Detox Health Spa; this will feature a flotation/isolation room, a colon-hydrotherapy suite, male and female far infrared sauna and steam rooms, two treatment rooms with Jacuzzi baths, five other treatment rooms, an office and reception area and a third swimming pool with Jacuzzi and sundecks. The apartments can be sold leasehold or retained to fully optimise rental income from the residential detox health spa programmes.

All three properties are covered by separate Chanote freehold land title deeds, for ease of transfer. Ideally the resort will be sold as a whole, incorporating the three properties, however offers for each of the three separate properties, or any combination of the three, will also be considered. There are also many different scenarios as to the potential uses, and the owner will discuss these in detail with interested parties, and discuss financial results to date. Additionally, there is currently approximately one rai of land on the roadside next to the properties which could be used for management offices, accommodation and additional car parking. A further one and a half rai of land sits adjacent to the properties; although this could not be built on, it would make wonderful jungle gardens with spectacular views, and is separated from the three properties by a waterfall. (BKK13624)
Total Investment to Own: 43 million baht.
Click here to see this listing on the new Sunbelt Asia Website.

UPDATE! A family emergency has forced the owner of this business to close down. Consequently the asking price has been drastically reduced, from 2,600,000 baht to just 950,000 baht. The new owner will only need to hire a new workforce before re-opening. Everything is in place otherwise, and goodwill will be retained as the enterprise has only just been closed.
This Koh Samui Italian Restaurant was opened around 18 months ago just 50 metres from the beach at Bang Rak. Many resorts and guesthouses sit close by, and the ferry terminal brings travellers to the doorstep. Trade is brisk therefore, with the 115 square metre 40 seat establishment often at capacity. Custom benefits nicely from tourist traffic, but the mainstay of the business is the island's resident expatriate community, who can be counted on for significant repeat patronage.

Rent is considered very reasonable for the location, and is payable at a rate of 30,000 baht per month. The payroll forms the other major outlay, after food and beverage costs are taken into account, and totals 69,000 baht per month for eight full time employees. After all expenses were paid, the last financial year saw receipts totalling 6,143,000 baht produce net profits of 3,016,000 baht. The owner is now prepared to listen to offers however, as he contemplates embarking on a larger unrelated project, although a suitable period of consultation will be provided during the handover period. A brand new lease is in effect, and this runs until January 2012, at which point a three year option can be taken up. (BKK13599)
Total Investment to Own: 950,000 baht.
Click here to see this listing on the new Sunbelt Asia Website.

Located near the Night Market and a major hotel, this Chiang Mai Restaurant is showing good early signs after opening for business around six months ago. The 200 square metre two storey property includes a mezzanine level and contains, besides the restaurant itself, four bedrooms, three bathrooms and a kitchen. All assets needed to continue are included in the sale, which has come about as the owner lacks the time to manage all his business interests properly. Although the property has been secured on a three year lease contract, it is believed that the landlord is amenable to providing a much longer term if required. The main overheads are monthly rent of 20,000 baht and monthly salaries that also total 20,000 baht for four full time employees. Food and beverage costs and utility bills also need to be considered. (BKK13819)
Total Investment to Own: 350,000 baht.
Click here to see this listing on the new 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

Transforming Entrepreneurial Visions into Reality
Sunbelt Facts:
. Rated #1 Business Brokerage by Entrepreneur Magazine
. Over 350 Offices in 16 Foreign Countries
. Largest Business Brokerage Organization in the World