Sunbelt Asia Weekly Column
9 November 2018
The Thai government lifted fees on visas on arrival for 21 countries for December and January in a bid to attract more tourists. The 21 countries are China, Taiwan, India, Maldives, Bhutan, Saudi Arabia, Andorra, Bulgaria, Cyprus, Ethiopia, Fiji, Kazakhstan, Uzbekistan, Latvia, Lithuania, Malta, Mauritius, Papua New Guinea, Romania, San Marino, and Ukraine. The government has already set up special lanes for Chinese nationals at Immigration in a bid to boost Chinese arrivals that slumped after the Phuket boat disaster in July.
Terminal 2 at U-Tapao International Airport near Pattaya will be opened fully in February, it has been opened partially for inbound international passengers and domestic flights but more toilets will be added and the outbound immigration booths will be completed. Bidding will be opened for commercial management so that shops and restaurants can begin construction and installation. The second terminal building, which is about 80 per cent complete, covers 22,000 square meters and can accommodate 3 million passengers a year but could accommodate up to 5 million passengers a year with effective management. Overall 2 million passengers used the airport last year and the number could climb to 2.5 million this year.
Phuket budgeting 40 million baht to improve beach safety on 12 popular beaches. Karon beach will be receiving 11 million baht to buy six rescue boats and hire 35 lifeguards, Rawai beach will be hiring 15 lifeguards and 7 lifeguards will be stationed at Nai Yang and 5 at Nai Thon beaches. There will be 15 lifeguards posted to Surin and Bang Tao beaches, 12 at Kamala, eight at Mai Khao and 26 lifeguards for Patong beach. Last month the Marine Department assigned 26 more officers to perform safety checks on all boats, passengers, and pilots before taking tourists off-shore. Regular checks of equipment are being held to ensure each boat has enough safety devices and all boats must register the boats name, specifications, tour destination, and exact number of passengers before each departure. Passengers are being asked to supply identification information and destinations.
Thai Immigration has begun taking applications for Permanent Residency applications will be accepted until December 28, 2018. Applications are limited to 100 people per nationality, those countries with several states, such as the United Kingdom, are considered as one country. Sunbelt Asia legal advisors can assist you in collecting all required documents showing your contribution to society, ensure all your Thai-language company documents are correct and complete and handle translation of documents. The process is rather complex so if you are interested in obtaining Permanent Residency contact us now to get the process started;
Special offer on serviced officesWe are offering two types of serviced offices available at a special promotional deal
Office with space for three staff at 11,000 baht a month
A “Thank you” gift for our clients new and old!
Be sure and contact our English speaking
for all your legal needs
Sunbelt Asia Facebook Expert Advice Page
Please feel free to contact us if you are in Thailand on (+66) 02-662-7004 to discuss any of these listings.
New Concept Pizza restaurant in Pattaya
The owners of this brand-new concept pizza restaurant in Pattaya are forced to sell due to the loss of their key manager and the imminent retirement of the owner. They believe strongly in the brand and the owner is more than happy to stay on and train the new owner and manager in this new concept of pizza restaurant.
Located in a popular tourist area of Pattaya, the business is set in 112 sqm with a low monthly rent of 30,000 baht. There are currently three full-time staff. They have an active social media presence, which the owner will help new owner to maintain and promote. The restaurant has proved to be popular with locals, tourists, and expats. A new dedicated owner with plenty of time to invest in the business could easily see it grow.
The owners invested around 3 million baht in the business and will sell all new recipes, business plan, as well as all brand-new fixtures, fittings and equipment.
ASKING PRICE: 5 million baht
Bottled-foods factory in Chainat with nationwide distribution in place
This well-known bottled foods factory was established in Chainat in 2006 and distributes to major grocery store chains in Bangkok and across the country.
With a presence in every region around Thailand, this well-known food production business has new products on deck and offers huge growth potential for the energetic new owner.
There are four full time and four part-time employees with sales around 1.8 million a year and a profit of 600,000 baht a year. All licenses are included in the sale as well as distribution arrangements.
The owner is selling due to personal reasons unrelated to the business.
ASKING PRICE: 5.5 million baht
Phang Nga resort includes 44 rai chanote title property
Located in the popular and growing tourist destination of Phang Nga on the Andaman Coast, this resort complex is set on 44 rai of land, of which only 3 rai have seen development, making this a tremendous opportunity to grow this business.
Currently there are three buildings on the property but the opportunities for villas, hotels commercial offices or condominiums is available. The business offers accommodation and a restaurant along with adventure activities, a popular tourist activity. Hosting events such as conventions and weddings has been a major source of income along with leisure tourists.
There are 40 full time and 10 part time employees with a monthly payroll of 500,000 baht. The property includes 44 rai of chanote land not far from the airport. Annual sales have reached 20 million since its inception in 2015 and profit reached 3 million per year.
The owner wishes to retire and so is seeking to sell this development with great potential.
ASKING PRICE 375,000,000 baht
New restaurant in heart of busy Sukhumvit soi
This Sukhumvit restaurant is in a great location and offers Middle Eastern food and seafood in a new, fully equipped kitchen. The business opened last year and has seen sales reach 18 million with profits of 1.8 million baht.
There are 16 full time staff with monthly wages of 400,000 baht. Rent on this 264sqm top location is 600,000 baht and the business has parking, a rarity in this part of Bangkok.
The new owner can take over the current concept or institute their own in this busy touristic location. The owner invested 18 million baht in setting up the restaurant but has too many other businesses that take up his time and so is selling this business.
ASKING PRICE 14 million baht
Healthy drinks e-tail and retail shop
Taking advantage of the healthy lifestyle market, this business offers vitamin water enhancers in 18 small retail shops as well as in major online retailers. The company has also been involved in marketing the business widely at booths and other events and has received great feedback from customers.
The business was established in 2016 and has two full time and three part-time employees with a total monthly payroll of 18,000 baht. The business is in a 200 sqm space with a monthly rent of 14,000 baht.
The owners found themselves stretched after such a rapid expansion and are selling as they find they do not have enough capital to expand into the supermarkets and hypermarkets despite having the connections and interest. The sellers are willing to support the new owners after the sale.
ASKING PRICE: 3.5 million baht
New Asking Price for large hostel near Terminal 21
Updated with a new asking price, this 21-room hostel is in a prime location near Terminal 21 and the BTS and MRT stations, is set in 3 commercial buildings and can hold 102 people. There are five floors including the rooftop in each building. With five private rooms and dorm rooms with bunk beds, each building is equipped with lockers and separate male and female shower rooms and toilets. Every room is air conditioned and there is WiFi on each floor. There is also a rooftop water tank ensuring a steady supply of water. There is also a Southern Thai restaurant on the ground floor with a chef who is willing to stay on and work the restaurant.
The business has contracts with Agoda, Booking.com, HostelWorld, Airbnb, Expedia, Traveloka and other booking sites. The rent on the entire property is 270,000 baht a month and a 9 year lease contract. The owner invested around 16 million in the business. All equipment, fixtures, and fittings are included in the sale including televisions, computer systems and restaurant equipment.
The owner is moving and so needs to sell the business.
ASKING PRICE: 10.5 million baht
Import & Distributor of wholesale high quality foods
This import and distributor of wholesale foods was established in 1999 and provides high quality imported products for Thai retailers, wholesalers, and industrial users. The business is a direct importer and distributor of fresh produce and other unique food products from both local and overseas manufacturers and suppliers. The business also has four company-owned retail outlets located in wholesale markets.
The company has seen local gross sales average 360 million baht a year, export gross sales average 50 million baht a year .The owner will assist the new owner for one month and would be willing to be on call for a mutually agreed upon extended period of time to introduce all customers, suppliers, and business prospects as well as provide all information and documentation.
The owner is retiring and so is selling this profitable company, the new owner could see a return of investment in 4 years.
ASKING PRICE: 70 million baht
Large restaurant on top Sukhumvit soi
This restaurant and bar is in a great location on Sukhumvit soi 31, a busy soi with many hotels and guesthouses and has earned a great reputation for its food and ambiance, even winning a restaurant award in 2015.
The restaurant has 200 sqm and a good rental price of only 45,000 baht a month. There are 7 full time and 7 part time staff with a total monthly salary of 145,000 baht. Annual sales are around 12-14 million baht and the business made a net profit of 4.6 million baht last year.
The owner is selling the business as he has no time to manage it.
ASKING PRICE: 3 million baht