Weekly Column

Sunbelt Asia Weekly Column 19 April 2019

Sunbelt Asia Weekly Column

19 April 2019

Special offer for annual audits

Have you done your annual audit yet? Time is running out, annual audits are due April 15. Start now with our new special packages starting at 20,000 baht- show us a written quote that is lower and we will beat it! Please contact us today at 02-6420213 from 09.00 a.m. to 6.00 p.m., Monday to Friday or via email at
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Thai New Year or Songkran will be from Friday Saturday April 13 to Tuesday April 16. Sunbelt Asia offices will be closed to mark this major Thai holiday. Government offices are also closed during this period.

Thailands six major airports predicts over 3 million inbound and outbound tourists during the Songkran holiday period. The Airports of Thailand says about 3.2 million passengers will pass through its six airports; Suvarnabhumi will be the busiest with 1.7 million passengers, followed by Don Mueang International Airport with 970,000 and Phuket with 458,000 during the 7 day period. Chiang Mai is expected to see 286,000 followed by Hat Yai with 87,000 and Chiang Rai with 80,000.

The Immigration Bureau is expected to ask the Cabinet to extend the visa on arrival waiver fees for visitors from 21 countries for another three months. The original program was scheduled to end April 30 but the Tourism Council urged Immigration to ask for an extension of the waiver. The waiver attracted additional foreigners from its inception on November 15, 2018. From November15 to March 31 there were 2,346,971 foreign visitors, up 892,376 from 1,454,595 during the same period the previous year. There were 1,704,539 Chinese visitors, up by 709,434, and 467,435 Indians, up by 139,069. Other foreign visitors totaled 2,346,971, up by 892,376.

The Tourism Authority of Thailand has signed an MoU with three leading insurance companies to provide an online travel insurance package for tourists to Thailand. The new project, titled Thailand Travel Shield, will enlist Muang Thai Insurance, Krungthai Panich Insurance and South East Insurance to provide visitors with travel insurance for FIT (free independent travelers) visitors. The project is expected to sign up 10 million visitors, of which one-third is predicted to be Chinese tourists. The insurance will be active 24/7 and tourists will be able to contact staff who are able to speak 40 languages at the call center to assist in the event of accidents, sickness or death, flight cancellations or lost luggage.

Sunbelt Asia Legal Advisors can handle all your legal and business needs; from visas to work permits, prenuptial agreements to divorces, condo purchases and wills.

Be sure and contact our English speaking
legal advisors
for all your legal needs

We at Sunbelt Asia see many of our clients regularly ask us legal questions regarding living and running a business in Thailand. To help out we have set up a FREE Expert Answers for Your Questions in Thailand Facebook page;
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.

School offering diplomas and short term courses in media and technology

Fully compliant with Ministry of Education regulations this school offers diploma courses and short-term courses in media technology and entertainment. The school has been in business for 16 years and has earned a name in the entertainment business but the current owner wishes to retire and has not been able to market or grow this school in the past few years.

The business needs a cash investor with business and marketing skills to return the business to profitability. The school has two fully equipped recording studios and a green room. All fixtures, fittings and equipment are included in the sale.

This business could easily be turned around with a strong sales and marketing leader in charge. The current asking price is negotiable.

ASKING PRICE 30 million baht

Online expat directory and guide

Walk in and take over a small one-person business perfect for someone who wants an online business. This online expat directory and guide website is for sale and has been in operation since 2017.

This is easy to run from a home office or anywhere! And requires one person to update and sell advertising. The only expenses are the accountant monthly fee of Baht 5,000 (60,000 Baht for 1 year) and the website yearly payment of US$ 697 (about 24,000 Baht for 1 year ). Other expenses include the CRM customer data program costs about 985 Baht a month (11,820 Baht for 1 year.), all other revenue was profit which can be taken as a salary. Revenues are raised from selling advertising, banners, featured listings etc.

The website updates are simple to do with the back-office system, no coding skills are needed. there is a great support team available in USA for any technical issues, included is a CRM system that has all records of clients and contacts.

ASKING PRICE 2.2 million baht

Cloud services, web hosting business

This long-running web-hosting and domain registrar also offers cloud services and apps. The business has a large database of clients including many well-known companies. Clients include top hotels, restaurants, insurance companies and banks. This is a great opportunity to enter a well-established tech business.

There are 11 full time dedicated and experienced employees with a total monthly payroll of 400,000 baht. Located in a prime central Bangkok location rent on the premises is 120,000 baht for 145 sqm.

Sales in 2017 topped 14.6 million baht, earnings around 2.9 million. Assets are valued at over 4.65 million baht. The owner is seeking new opportunities and so seeks a sale of this well-known business.

ASKING PRICE 10 million baht

Asoke area hotel & pub for sale or rent

This well-reviewed hotel is in the heart of the Asoke area, a few minutes walk from Terminal 21 and both the MRT and BTS. The owner of this hotel has put in a lot of effort to boost its visibility in the year that it has been open and it generally reaches 85 percent occupancy. This is a great opportunity to walk into a turnkey business. The location cannot be beat, and the rooms are comfortable and tastefully decorated. Every room has air conditioning and a safe, deluxe rooms have refrigerators, there are two family suites out of the 33 total rooms so the hotel can cater to every need. The ground floor size is 145 sqm and Floor 1-4 is 790 sqm. Total space is 935 sqm.

The rooms are soundproofed from the restaurant downstairs which has earned a reputation for good food, friendly staff, and a chic industrial style. The business has a serviced apartment license and offers rooms by the month. Each room has key cards and a POS system. There are 7 more years on the lease with a monthly rental of 300,000 baht. There are 12 employees and wages of 180,000 baht.

The owner is also looking at rental options: Hotel: Key money of 4 Million baht.+ deposit 2 Month and 3 month rent in advance. Rent 550,000 baht.
Gastro pub: Key money of 2 Million baht + deposit 1 Month and 3 month rent in advance. Rent 250,000 baht.
The owner has invested much time and effort in the business and is ready to try something new.

ASKING PRICE: 44 million baht or
RENT: 550,000 baht for hotel or 250,000 baht for gastro pub.

High end party & event bus and business

Interested in event organization, love to have a good time and meet new people? This may be the business for you. This one of a kind party bus is now available! This is only the second owner of this amazing bus, it has been lovingly cared for and maintained so the new owner can walk (or drive!) into an already established business that can be set up anywhere.

This top of the line mobile entertainment and luxury vehicle was imported from the US and comes fully equipped and modified inside as a luxurious club set up. The party bus has a DJ booth with premium Pioneer console, VIP seating, Laser LED, dance poles, 2 LED televisions and 8 small displays, digital light controllers, a minibar, and even a private VIP area. This bus is equipped to go anywhere as it has its own toilet and bathroom. The bus can hold 30 people in air-conditioned comfort and is going strong with about 7-10 bookings per month at a cost of around only 15,000 baht per trip. Sales in 2018 reached 1.9 million baht. This could easily grow with a dedicated owner seeking out new markets. There are two employees with a total monthly payroll of 30,000 baht. With no rent, the costs to run are low.

The entire set up including vehicle and equipment, is valued at 2.5 million baht. The owner is selling as he is looking to move into another area of business. This is a great opportunity for a unique business.

ASKING PRICE: 2 million baht

Chiang Mai pub in top area with freehold title

You won’t just be purchasing this long-running well-known pub, located in the heart of the busy tourist district of the Chiang Mai Night Bazaar, but also property that has grown and will continue to grow in value in this booming city.

The bar and restaurant has earned a reputation for good food and good drinks both with tourists and locals and is well-rated on Trip Advisor for its authentic atmosphere and great location.

Included in the purchase are two units of property covering 4 floors with a total of 400 sqm of area. The restaurant seats 90 people and is fully fitted out. There are 15 staff with a total monthly payroll of 200,000 baht.

The value of the property alone is already 45 million baht. The owner is retiring from the business and so wishes to sell this popular bar.

ASKING PRICE 49 million baht

Newly renovated Pattaya hotel in busy area

This long-running hotel and restaurant was fully renovated just this year for a new, modern look. Located on Pattaya 2nd road, the hotel now has a 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

Samui hotel in top Chaweng beach location

Located in one of the top locations in Chaweng near Soi Green Mango on Koh Samui, this hotel has 28 rooms with four different room types all fitted out with TVs. Catering to all kinds of travelers, the hotel also has 8 hostel rooms with bunk beds and 1 dorm room. Fully fitted out with an elevator, generator, water tanks, storerooms, emergency stair exit, and reception the hotel does have a hotel license. Fully renovated in 2017 the sale includes all equipment, fixtures, and fittings as well as the Thai company and the hotel license. This allows the new owner to walk in, take over the premises with a new name and run it right from the get go.

The owners are selling as they are focusing on their franchise business and are looking to reduce operations on Samui.

The hotel has a lease contract through 2031 with the annual rental set for each period starting at 2.4 million baht per year-, rising to 2.56 million this year to 2022, then 2.74 million for 2022-2025, 2.94 million for 2025 to 2028 and 3.14 million from 2029 to 20131.

ASKING PRICE: 18 million baht


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