Sukhumvit Psycho

Wanna buy a gogo bar? Seems like all Pattaya is for sale now (I mean the shops). Here are a few offers from a famous business broker in BKK. I am pretty sure that prices are negotiable!

- Located on the ground floor of a five storey property in Central Pattaya, this Go-Go Boy Bar has operated profitably for the last 14 years. The building underwent a complete overhaul last year; the façade was re-painted, new ceramics were added to seating areas on the terrace, the bar’s bathroom was upgraded and the water and drainage system was revamped to provide four brand new bathrooms on the upper floors. The two unit corner building provides five storeys, with approximately 100 square metres of floor space on each. The upper floors feature nine rooms, two fully furnished apartments, five bathrooms and a rooftop with a fully equipped kitchen and laundry. The bar itself features an outstanding JBL sound system and a futuristic lighting display. A relaxed ambience has been created with the usage of sofa seating, while a cocktail menu has been introduced for a more upmarket approach. The present owner is relocating after six months in charge; he will pass on the turnkey enterprise plus all assets worth approximately 2,500,000 baht. The main overheads are monthly salaries totalling 70,000 baht for 25 employees, and monthly rent of 30,000 baht. Full financial details will be detailed and provided for interested parties to examine.
Total Investment to Own: 5 million baht.

This one seems to be far from Walking Street (“Central Pattaya”, they say). 70,000 baht for 25 employees: wow! that’s an average of only 2,800 baht per head. Maybe that’s why this bar struggles.

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- Completely refurbished in 2008, this cosy Pattaya Go-Go Boy Bar provides a unique design and great sounds. The bar sits in Central Pattaya, measures 50 square metres, has an additional 16 square metre area outside, and incurs monthly rental payments of just 5,000 baht. A long lease was negotiated and this is renewable every three years. Assets in place have been valued at 1,600,000 baht. A large workforce numbering 30 has been employed and their monthly remunerations total 70,000 baht. Full financial records will be provided for the scrutiny of serious potential buyers.
Total Investment to Own: 4 million baht.

Same as above. But worse! And “Cosy”, does that mean small and empty???

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- This well located Pattaya Nightclub and Go-Go Bar is currently closed, and is therefore offered as an asset sale. Everything is in place to re-open for trade, except a workforce. Previously 40 employees were on the books, with salaries of 150,000 baht per month being paid. A long lease contract can be taken over, and this can be extended every three years, with rent payable at a rate of 60,000 baht per month. An expensive custom designed sound and lighting system is in place, consisting of 40 speakers, nine lasers, a strobe and a smoke machine. The disc jockey booth is also well provided for, and is fitted out with top class Pioneer equipment and vinyl disc spinners. Centrally located, the business is close to well known and highly regarded nightlife sois, and sits within easy reach of one of the city’s major shopping malls. The air-conditioned property benefits from two entrances, thereby attracting walk-by trade from two different directions. Total floor space measures over 135 square metres and is divided into a bar, a dancing area and a relaxation zone.
Total Investment to Own: 5 million baht.

“Well located”. But “closed”! Sounds like a good deal! What is a relaxation zone? a BJ Bar???

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If you are interested in any of these offers, take the next bus to Pattaya. Hang around on Walking Street, you should find more for less!

Related posts:

1. Wanna Buy a Go-Go Bar?