Sunbelt Asia Weekly Column
20 July 2018
Sunbelt Asia will be closed on Friday, July 27 for Asarnha Bucha Day, a major Buddhist holiday in Thailand and Monday, July 30 for the 66th birthday anniversary of HM King Maha Vajiralongkorn Bodindradebayavarangkun.
Thailand’s international tourist arrivals hit 19.48 million for the first six months of the year, a 12 percent year on year rise. Chinese visitors topped the list at 6 million, last year 9.8 million arrived during the year, ASEAN countries followed in number of arrivals. Tourism revenues hit one trillion baht for the first six months and officials believe tourism is on target to reach the predicted 37 million arrivals and two trillion baht in revenues.
The spa industry is a fast-growing market with the overall market value growing 8 percent a year, with the main consumers being international tourists, East Asians make up a large share of that market followed by Europeans. A recent survey of international spas found that hotel spas not only increase the hotel’s revenue per room but also provides more activity options for tourists. Hotel spas with unique experiences for guests can also improve the hotel’s selling points. The survey found that urban hotels with a spa had a 27 percent higher revenue per available room than hotels without spas and 10 percent more for resorts.
Thai Air-Asia is launching a new direct Chiang Mai – Taipei route on September 30, the low-cost carrier will operate four flights a week on the route as it sees the route as having high potential. About 570,000 Taiwanese visited Thailand last year, a ten percent rise from the previous year. Eva Air launched daily direct flights earlier this month from Taipei to Chiang Mai. Thai Air hit the top ten best airlines in the world in the most recent Skytrax Survey, Singapore Airlines came in first, followed by Qatar Airways although Asian airlines dominated the list with Emirates coming in fourth and Lufthansa the only European airline to make the list, no US airlines made the list. Other Asian airlines included All Nippon Airways, Cathay Pacific Airways, and Garuda Indonesia. Bangkok Air came in 21st and AirAsia at 28. Skytrax surveys more than 20 million fliers a year.
Land prices in Greater Bangkok jumped in the first six months of the year, a 32.3 percent rise from the same period last year. The Real Estate Information Center (REIC) reported the top five locations where prices of undeveloped land rose the most in the second quarter compared with the same period last year; Phra Khanong-Bang Na-Suan Luang-Prawet area which saw a 53 percent jump, Nakhon Pathom where prices rose 39.1 percent, Ratburana-Bang Khun Tien-Thung Khru-Bang Bon-Jom Thon with a 38.2 percent rise, Samut Sakhon with a 27.4 percent increase and inner Bangkok where prices rose 20.1 percent. Land near proposed future mass transit lines saw prices rise 52.1 percent higher than those near where no lines are planned. Land prices along the Sukhumvit line grew 26.8 percent while land near the Orange Line from Thailand Cultural Center to Min Buri were 23.5%, and up 21.4 percent along the Dark Red Line from Hua Lamphong to Maha Chai while land prices on the Blue Line route of Bang Sue-Tha Phra-Hua Lamphong-Bang Kae rose 21.3 percent and on the Silom line 21.2 percent.
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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.
Well-known event promotion brand and website
A well-known website and brand is up for sale offering the aspiring event organizer a great entry into the networking business. The sale includes the website, as well as all social media sites, meetups, and a full mailing list and database of attendees, potential events and more. The brand is quite well known in Bangkok and around Thailand for event organization.
Also included in the sale are several event brands and logos along with partnerships with events in Singapore and around Thailand.
The owners are also providing three months of assistance for the buyer in event organizing, strategy, marketing promotion for the first three months of business.
ASKING PRICE: 5 million baht / US$ 150,000
(BKK15799)
Chic French restaurant in popular Siam Paragon mall
This chic new French-apartment style bistro in Siam Paragon opened only this year but has already garnered great reviews for delicious food and a charming atmosphere. Siam Paragon is one of the top luxury shopping malls in Bangkok and known for a variety of great restaurants, and is often a destination just for meals. It’s great for those seeking to avoid the traffic but still want delicious home-style French food.
There are 12 staff with a total monthly payroll of 191,800 baht, rent on the 132 sqm space is 435,1000 baht a month while sales in the first six months have already reached 7.8 million baht.
The owner is moving overseas and so is selling the business.
ASKING PRICE: 16 million baht
(BKK15786)
Popular Silom area fitness center
This popular fitness center is located in the busy Silom area, not far from the MRT and BTS stations. This well-equipped center offers the latest in Pilates, yoga, yoga fly, Zumba dance, aerial hoops and piloxing; all the latest and most popular trends in yoga and fitness.
The business was established in 2015 and has an active social media presence with channels on Facebook, Instagram and others. The center has a large 200sqm space with good views over the city. Rent on this prime location is 87,500 baht a month. There are 20-25 part time teachers at the center The fitness center currently has more than 1,000 members of which 295 are active The center has an up to date booking system and profile database of the members well as a mobile phone app.
Sales last year 5,800,000 baht. The sale includes all fixtures, fittings and equipment as well as a company with enough registered capital for one work permit.
Although the current owner has owned it since January 2017 they plan on moving overseas
The current owner has plan to move to abroad with the family. The business could easily increase sales and profit with an owner with more time to dedicate to the business.
ASKING PRICE: 2.75 million baht
(BKK15815)
Silom area guesthouse and cafe
In the popular Bangrak neighbourhood of Silom, this hostel has 90 beds in 20 rooms with an in house café. Potential for this business is quite high but the owner is not able to manage on site, an active manager on site could easily grow this business as this is a popular tourist area and the hostel concept remains popular with travellers. Payroll is currently 100,000 baht a month and rent on the location is 151,750 baht a month with a 9 year lease.
All assets are included in the sale including furniture, CCTT, website and online booking system.
ASKING PRICE: 9.5 million baht
(BKK15810)
Wireless Road salon and nail spa
This long-established hair salon offers waxing and a nail spa for its clients in a top Wireless Road location. Wireless Road is often known as Embassy row due to the many embassies on the street but the street is also home to many office buildings and hotels. The salon has been in business for 12 years and has built up a great reputation and many repeat clients.
Rent on the 142 sqm space is 168,000 baht a month and there are 7 employees that earn about 200,000 baht per month in commissions. All of the staff are long-term, well trained technicians. Sales last year is 7,405,242 and net profit 1,628,301. The equipment and furniture are good quality and included in the sale.
ASKING PRICE: 3.5 million baht
(BKK15816)
American restaurant franchise in busy Bangkok mall
This top American franchise business is located in the food court of a popular and busy mall in Northwestern Bangkok. The business has been opened for a year now but the owner needs to sell as his other businesses take up too much of his time to manage this one. Located in a top spot int he food court of a busy mall this business is great for someone who wants to take up a well-known and popular franchise in a busy area.
Rent is 17 percent of gross profit and the space is 25.60 sqm There are four full time employees with a total monthly payroll of 25,000 baht a month. A new owner with more time to dedicate to this business could easily grow sales which topped 3 million in the first year. The sale price does not include the franchise fee or deposit with the supplier
ASKING PRICE: 2.5 million baht
(BKK15819)
Large classically decorated restaurant near Terminal 21
Just off Asoke Montri Road and near Terminal 21, Health Land and many office buildings and hotels this restaurant is on the ground floor of a hotel and has a booming lunch trade and is very popular with the locals in the area as well as tourists.
The restaurant can seat 85 people comfortably and a classically decorated private ventilated cigar room or VIP room. There are 7 full time staff with excellent team work, and food and beverage contracts with the hotel in the same building or provide breakfast service and room service offering a guaranteed income every month.
There is a cool room which stores wine and beer kegs, new kitchen equipment in cluding charcoal grill, wok stove, oven, deep fryers, cooker, refrigerators and freezers included in the sale price. Rent on the 280 sqm space runs 155,000 a month with no key money. The lease runs until 2022 with a fixed rate. All construction maintenance is supplied and paid for by the hotel above.The website, email, Instagram, Facebook page (15k followers) are all included in the sale.
Total income is around 400,000 – 500,000 baht a month but can go higher with an owner with more time to spare for the business. The owner doesn’t have time to manage the business and so is looking to sell the business.
ASKING PRICE: 2.9 million baht
(BKK15802)
Guesthouse & restaurant at Samui’s Fisherman’s Village
This clean and quiet guesthouse and restaurant in Koh Samui is located near the beach in the popular Fisherman’s Village area of Bo Phut. Well-rated on Trip Advisor the business was established in 2015 and has garnered good word of mouth in that time. There are 15 rooms (air conditioned and fan rooms) both singles and doubles to cater to every guest’s needs.
There is also a restaurant and bar in the guesthouse as well as laundry rooms. This is a turn key business for someone wanting to step in to a guesthouse business on the booming island of Koh Samui. The lease on the business runs until 2020 and rent is 100,000 baht a month. There are two staff with a total monthly payroll of 21,000 baht. Sales have reached 3 million baht with a profit of 1 million baht.
The owner is moving and so must sell this guesthouse in a really great location.
ASKING PRICE: 7 million baht
(BKK15808)
