Bar for Sale in OTOP Market Patong

Commercial Bar for sale in Patong, Phuket Everything is walk in walk out so what you see including everything in a detailed list below is included in the sale price. This bar has been operating now for 5 years and is now up for sale as the owner is wanting to retire. This opportunity does not come around that much with a bar this size and the quality fitout it has. This bar started as one bar and has grown into 6 bars all rolled into one big bar. This bar since opening has gone from strength to strength and will only continue to grow profit wise as time goes on. Nestled in a position in Patong with other bars around it this bar has resulted since opening to generate its own following with just on 2,000 people liking and following the page on facebook. No expense has been spared with this quality fitout and being two levels the upper level has been finished but not opened yet so can either turn the upstairs into a vip section with bottle service or a go go bar section or private function area the opportunities are endless.In the high season this bar generates between $500,000 - $800,000 Thai Baht per month gross and in the low season still sits at a healthy $200,000-$400,000 Thai Baht per month gross earnings. this bars annual gross turnover is between 4 million to 5 million thai baht per year and has proven figures to show this. The current rent per month inlcuding electricity and security and also garbage removal is $46,350 Baht per month and this rate is locked in for 3 years so wont go up until current lease expires. Key money per year payable is $150,000 Baht paid to the office. The detailed list is as followed that is included in the sale also : The bar is 11 meters long with a matching overhead. 2 sinks behind the bar, All tiled and new. Sound system has 2 main amplifiers , mixer box of 8 channels and 10 x 500 watt speakers.A complete stage construction is steel and 35mm compressed concrete top. Comes with lighting and a complete upgraded drum kit. Microphones and cables, mike stands and guitar stands ready to go.Some, but not all, of the fittings are as follows, 2x3 door fridges. 1 single door fridge, 2 ice chests, 34 nip poures attached to overhead.4 slate top pool tables. Approximately 30 fans throughout. 1 freezer. All alcohol will remain in the sale. Approximately 80 bottles of hard alcohol, 2 fridges full of beers and soft drinks and beers and cold towels in the ice chests.This bar is a huge money earner so the sale price is for a quick sale . Now to give you an idea 1 standard mushroom style bar in the area is selling for $800,000-$1,000,000.00 Thai Baht so this being 6 bars rolled into one bar should have a selling price of $6,000,000.00 Thai baht but the owner is not greedy and is looking for a quick and effortless sale. The selling price is $4,200,000.00 Thai Baht walk in walk out. The only cost paid on the sale is the exchange of contract fees paid directly to the office by the buyer of upon settlement of $50,000 Thai Baht.Now the liquor licenses need to be put into a thai persons name as well as the contract being thai law but that being said the real estate agency selling this bar we also specialize in helping people open up a thai company and can also help with the contracts and finding a thai business partner to put the paperwork in there name all secure so whoever buys the bar will still be the bar owner.