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Upscale Classy Cocktail Bar In Phuket Town For Sale

Phuket Town, Phuket
Asking Price:
$79,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
Under $100K (USD)
Cash Flow:
Under $50K (USD)

A great opportunity to take over a cocktail bar with a unique concept. Plays on the speakeasy theme with a bookshelf door that leads to a back room.
In a traditional shop house in the upcoming "Old Town" area. Made a profit since the first month and every month. November shaping up to be the best month ever. Other months profit range between 50,000-120,000 a month
I now have a beach club project so don't have very much time for it anymore.

Has liquor license, (They will not accept any new licenses for the area, very little competition)
food license, Music license, tobacco license and comes with company with one permit for 4 staff.

Asking price is 2.6 million Baht!
That’s under 80,000 USD!

This is negotiable if you want to grow the same “Prohibition” concept it can be slightly cheaper.
I believe the concept will show further significant growth each year. It is common in the area for the bars to only get busier year after year.
Turn key business staff already hired and well trained.
Rent only 17,250 Baht a month till end of year then 20,700 for 2018.
(This includes the land tax)
New 3 year lease terms arranged with owner from 2018. Very reasonable low maintenance landlords. They have never come to check anything.
There is no-one to pay off, Police have never come to check the place.
Has upstairs area which could be converted to apartment for the owner or a lounge bar. Has beautiful high ceilings and is a big space. Could possibly make a hostel if you like.
Fully stocked bar with high end spirits, wines and champagne.
Staff are trained and you don't have to be there all the time. Although makes more money when there is a foreigner the guests can connect with.

Further information available upon request, please contact seller below for more details.

Property information

Real Estate:

Lease

Lease Terms:

Paid monthly to the office one block away
Lease till end of 2018 then 3 year lease already negotiated

Leasehold Rent:

$7,214 (USD) per annum

Living Accommodation:

Upstairs area can be converted to an apartment with beautiful high ceilings

Location:

Old town area of Phuket Town, Phuket. Tourist area due to the beautiful architecture and soon to be heritage listed area.

Premises Details:

With shop front on main road, upstairs area for apartment or extension (maybe a lounge upstairs) has really high ceilings and back room indoor behind bookshelf door.

Size in square feet:
18 meters x 5 meters downstairs and 11 meters x 5 meters upstairs
Planning Consent:

All licenses included plus company, 3 year lease already negotiated then can be negotiated after that with new buyer

Business Operation

Expansion Potential:

Can renovate upstairs

Competition / Market:

3 other bars in the street all with different concepts

Reasons for selling:

I have another project on a beach club in BangTao and want to relocate up there which is quite far from the bar. I can't do both unfortunately

Trading hours:

We trade 5pm-12am however you can open as a cafe all day and night

Employees:
4 including my wife and I, without us there is 2
Years established:
1 year

Other Information

Support & training:

The staff are already trained. I can be there for the first 2 months 3 nights a week to introduce you to all the regulars and teach you how to operate.

Furniture / Fixtures value:
$50,000 (USD) - included in the asking price
Inventory / Stock value:
$3,000 (USD) - included in the asking price
Website:
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Home based:
This business can be run from home.

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