Description

Owner relocation has forced the sale of this profitable Pattaya Karaoke Lounge at asset value, even though the venue is functioning as a turnkey enterprise, earning annual net profits of 1,100,000 baht, from receipts of 2,500,000 baht. The business was established five years ago, and has therefore built up a good following over the years. Monthly rent is set at 17,200 baht for the large premises, which measure 210 square metres, set over four floors. There are 10 full time employees in place, and they are paid 20,000 baht per month between them. The bar has been running on a three year plus three year plus three year lease contract.

Posted Jan 26, 2011

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