Sunbelt Asia Weekly Column
10 August 2018
The National Legislative Assembly has voted to pass a new version of the Copyright Act, basically an amended version of the 2015 changes that brought in online infringement of copyright. The 2015 changes proved difficult to enforce so the new bill introduces a new scheme similar to the US copyright law the “Digital Millennium Copyright Act” which requires that a service provider must have a policy that provides for the termination of subscribers and account holders who have repeatedly infringed copyright law.
Under the new bill if a copyright owner has reasonable grounds to believe that their work has been on a computer system he or she can send a notice to the service provider to remove it. The owner must provide the notification in writing and contain information such as the name and contact information of the owner of the copyrighted material, identification of the copyrighted material as well as of the material that appears to be infringing the copyright and a statement that the information in the notification is correct. Once the online service provider receives this notice they must remove or disable access immediately and then notify the alleged infringer of the action. If the alleged infringer disputes the charge then the copyright owner has 15 days to file a lawsuit in court or the service provider must restore the content.
Additionally, the bill also introduces a new offense for a person who manufactures, sells, offers for sale, rents or offers for rent, imports or otherwise traffic in any technology, product, or service, that is primarily designed or produced for the purpose of circumventing a technological measure and has only limited commercial significance or use other than to circumvent a technological measure, or the technology is marketed for use in circumventing a technological measure.
The Eastern Economic Corridor project has seen the combined value of investments leap 122 percent year on year during the first half of 2018 to 180 billion baht. The Eastern Economic Corridor Policy Committee approved the expansion of the project from U-Tapao Airport to Rayong, Chanthaburi, and Trat, currently the feasibility study and design phase, and also approved the establishment of a committee to select private firms to co-invest in the digital park development project. The committee also reported that the aircraft maintenance center approved for U-Tapao will be sending out bidding invitations by September.
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Please feel free to contact us if you are in Thailand on (+66) 02-662-7004 to discuss any of these listings.
Chic Sathorn area bar & bistro
If you are looking for a great casual restaurant and bar then this chic bistro in a great Sathorn location surrounded by many residences and condos may be just the place for you. The business was established in 2015 and has been doing well with sales averaging around 600,000 – 700,000 baht per month. There are currently 4 full time staff with a monthly payroll of around 100,000 baht a month.
The owner invested more than 10 million baht in this chic and fun restaurant. Rent on the space is 72,000 baht a month with a 3+3 year lease option. The owner is selling as he has no time to manage the business and a new owner could easily see this business grow.
ASKING PRICE: 4.5 million baht
(BKK15843)
Trendy Ekkamai restaurant & bar
Ekkamai is really starting to come into its own for food and fun for Bangkokians and this new bar and bistro fits right in with that chic, cool vibe. Located within a short walking distance from the BTS station, the restaurant has both indoor dining and a terrace for al fresco dining. Beautifully decorated with new fixtures and fittings that the owner spent more than 16 million baht to fit out, he now finds himself forced to sell as he needs to return to his home country.
The business has been doing well since it opened and earned a good reputation for delicious food. There is a 9-year lease on the 353 sqm property, with a monthly rental of 230,000 baht. There are 10 full time staff with a total monthly payroll of 203,000 baht. A bonus for busy Bangkok, the restaurant also has car parking.
The owner needs to move and is offering a very attractive price for a quick sale
ASKING PRICE: 8.2 million baht
(BKK15842)
Bangkok furniture factory with land
This factory makes massage tables and other furniture in Bangkok and sells their furniture to hotels, resorts, and spas overseas and in Thailand. In business since 2000 the company has built up a good reputation for quality items and a good client list.
The business has 11 full time and 3 part time staff with a total monthly payroll of 145,000 baht. Sales are around 8-10 million baht a year with a profit of around 40 percent. The business owns the land which is included in the sale. The 300 sqw property holds the factory and a building with a total of 560 sqm. The price of land and rents in Bangkok continue to so this is a great opportunity to own your own property.
The owner is retiring and so wishes to sell the business as well as the land and property.
ASKING PRICE: 35 million baht
(BKK15823)
Software business seeks investors for expansion
This leading specialist software provider is seeking investors to expand the business. Providing logistics and supply chain businesses with key software in Thailand, India, Malaysia and Indonesia for the past 12 years, the company is looking to expand further into Thailand and a total of eight countries and is seeking a committed investor to fund the centralized team that will manage the expansion The company already has joint venture partners in every country show share 49% – 50% in those countries. By the end of 2017 the company should be operation in 8 – 10 countries.
They are seeking a 49% investor for 122.5 million baht
ASKING PRICE: 122.5 million baht for 49% shares
(BKK15742)
Newly renovated Pattaya hotel & restaurant
Recently renovated, this long-running hotel and restaurant has a new, modern look. Located on Pattaya 2nd road, the hotel now has an up to date, modern kitchen, bar, and restaurant with classic decor. There is an outdoor dining space as well and the entire restaurant seats 50 people.
The hotel has 14 rooms over 4 floors, in a three unit shophouse. Rent on this large space is only 100,000 baht per month. The hotel has income from a tour company of 15,000 baht a month, reducing the total overall rent to 85,000 baht a month. The lease is set for 4 years plus 3. There are 6 staff with a total monthly payroll of 70,000 baht a month. Located right on the main road and with good lease terms, this is a deal.
The owner is moving to Bangkok and so must sell the business. The sale includes all new equipment and the fully renovated restaurant and bar as well as a Thai company with work permit.
ASKING PRICE: 5 million baht
(BKK15804)
Pattaya fine furniture showroom, design center & factory — with land
Located in Pattaya, this high-end furniture factory offers not just top quality fine furniture but also full service interior design for residential and commercial projects. The company has earned a reputation for attention to detail, unique and interesting design solutions and high-quality products. Offering a wide variety furniture, including stand alone and built-ins, the company has a full – service interior design solution for its customers.
The business has a 600 sqm showroom in a busy Pattaya area and a 2500 sqm factory on the outskirts. The company owns the land and showroom in town. There are 45 employees and the monthly payroll of 1 million baht includes the owner’s salary. The business is open 6 days a week.
Sales last year reached 50.8 million baht and net profit over 2.6 million baht. The owners have spent a great deal reinvesting in the business including property to continue its growth.
The sale price includes the company with showroom, factory and land
ASKING PRICE: 60 million baht
(BKK15797)
Tropical luxury resort with beach access on Samui with chanote title land
Have you always wanted to live the life in paradise? Now is your chance! This exclusive luxury resort has direct access to the beach on the peaceful and idyllic west coast of Koh Samui. Koh Samui has developed a reputation for top luxury resorts that attract people from around the world.
Established in 2008, the resort has two villas and four apartments, a pool and a large private home, guest villa and gym. The total land area is 3200 sqm fronting the beach with a full chanote title for the new owner.
The villas are large, at 118 sqm each, while the four apartments are 32 sqm each. The private mansion is an enormous 760 sqm while the guest villa is 75 sqm. There is a fully fitted 75 sqm gym as well.
Sales last year reached 3.8 million baht and there are four full time employees. The valuation of this project has been set at 195 million baht but the owners are keen to move off island for their children’s education so are selling it at a must buy price of 150 million baht.
ASKING PRICE: 150 million baht
(BKK15798)
Top-rated dive school & marine tour business on Samui island
This top -rated and highly reviewed dive school is located on Koh Samui and has been offering high quality, environmentally aware dive and marine tours and dive classes since 2002. Well reviewed on TripAdvisor the business offers exclusive high end daily joint trips and private charter snorkelling and diving speedboat tours to the best destinations in the Gulf of Thailand. The region’s first Scubapro Partner Centre, the award winning PADI 5 Star Dive center has garnered rave reviews and great word of mouth over the years.
This business could see growth by tapping into the expanding Chinese market as well as by increasing the private charter side of the business.
There are 25 highly trained dedicated staff with a monthly payroll of 580,000 baht. Annual sales are at 20 million baht with a net profit of 3.75 million. Approximately 60 to 65% of sales income comes from internet sales with 30 to 35% from resorts and remaining income coming via direct walk in and retail. The split between diving/non diving revenue is around 35% / 65%. The monthly rent is 35,000 baht for the 400 sqm building. The premises has space for reception/retail, office administration, classroom, store, garden areas for guest arrival/departure and a kit room containing high spec’ and well maintained dive & snorkelling equipment. The property also has a substantial 2 storey, 2 bedroom detached house with storage and an engine service workshop.
The business is fully licensed and assets valued at 10.5 million baht are included in the sale.
The owners are retiring and wish to sell this thriving high end business
ASKING PRICE: 16 million baht
(BKK15820)
