Weekly Column

Sunbelt Asia Weekly Column 21 June 2019

Sunbelt Asia Weekly Column

21 June 2019

The government will allow operators of small hotels of 50 rooms or less to operate while awaiting their Hotel License under a new Section 44 announcement. The order, which was issued on June 12, will enable small hotels currently in the process of applying for a hotel license to allow guests but all operators that changed their properties to hotels must comply with all required legislation such as laws related to town planning and building control by 2021. The Thai Hotels Association (THA) will allow such hotels to get support from the association and domestic guests can use hotel receipts to claim tax deductions.

Thailand is seeking to grow its Halal tourism as the country is considered very Muslim friendly according to the Global Muslim Travel Index (GMTI) 2019, ranking 18th worldwide and second among the top 10 preferred destinations for Muslim travel among countries outside of the Organization of Islamic Cooperation (OIC). An estimated 3.6-3.7 million Muslims visited Thailand last year, accounting for nearly 10 percent of total international arrivals. Globally
the Muslim travel market is expected to reach US$220 billion by 2020 with 160 million tourists, rising 36 percent to $300 billion with 230 million travelers in 2026.

The Department of Land Transport (DLT) is looking at legalizing Grab ride-hailing services involving private cars and motorcycles under the Land Transportation Act as ministerial regulation changes would not be enough. The DLT will also have to consider whether those who provide ride-hailing services also need public driving licenses and how far the agency can regulate them as they study other countries that have legalized ride sharing.

New business registrations grew one percent year on year in May to 5,942 mainly in construction, property and restaurants. The value of registered capital jumped 67 percent from May last year to 35.21 billion baht, however the values leaped 134.8 percent from 15 billion baht in April. In the first five months the number of new business registrations topped 32,636, up 5 percent from 31,034 during the same period last year. Foreign direct investment grew253 percent year on year led by Japanese investments in May, making up 2.75 billion baht, followed by China (790 million baht) and Singapore (60 million baht). Foreign investment for the month totaled 6.59 billion baht.

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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.

Long-running medical tourism agency

This consulting agency provides assistance to medical tourists seeking top quality qualified practitioners in cosmetic surgery, aesthetic treatments and dental work in Bangkok. The agency liaises with medical professionals to set up appointments, guide you through all aspects of the process and translate where needed. The business has established strong relations with Bangkok’s hospitals, clinics, and physicians. Clients are from around the globe, ranging from Australia and New Zealand to Germany and Switzerland, including a large number of expatriates living in Asia. The future owner of the company will have many options to expand the company, such as affiliate marketing, an integrated online shop or expansion to other medical tourism destinations. Ideally best opportunity for German / English speaker as the website is in English and German, it is highly rate on Google with great SEO.

In business since 2008, the agency is well-reviewed with repeat clients and a database of more than 1400 clients. The company has 2 million baht in registered capital and is included in the sale but the buyer must pay the company transfer fees. The business made 1.6 million baht in annual revenues in 2018 and the owner took home 1.5 million baht. The business can be run for a very low cost if the new owner wishes to keep overheads low, the current owner is located in Samui but this business can be run from any location. The owner invested 1.2 million baht in marketing the company over the years.

ASKING PRICE: 1.5 million baht

Top Dive School on Samui

Always wanted to run your own dive business on a tropical island? Well here is your chance to take over a well-established dive school on Koh Samui. The business has developed a good reputation and has seen revenues and profits increase every year for the past five years.

The rent on the premises is 55,000 baht and has two training rooms and a training pool for new divers and is in a central location for tourists and visitors to easily access on the main ring road. There are 11 employees, total annual wages last year were 3.466 million baht and total expenses of 15.6 million baht. The business saw 18.16 million baht in revenues and a total profit of 2.5 million baht last year.

All licenses are included and includes inventory valued around 9 million baht. Furniture, fixtures and equipment are valued at 800,000 baht and included in the sale.

The owner is moving back to his home country so wishes to sell the business

ASKING PRICE: 11 million baht

Restaurant in busy Chaweng Beach on Samui

View this listing on Sunbelt Asia
Located in the most popular area of Koh Samui, this Chaweng bar and restaurant was established in 2017 and has been earning good reviews. The restaurant is over two floors with a total of 600 sqm and a fully fitted out kitchen and restaurant area.

The rent on the location is 375,000 with a renewal in 2022. There are 40 full time employees with a total monthly payroll of 600,000 baht. The business has seen sales of nearly 31 million baht annually and a profit of 500,000 baht.

The current owner is moving back to Bangkok and so is looking to sell this business. This is a turn key business for someone who wants to live on paradise island.

ASKING PRICE: 12.5 million baht

Pattaya Walking Street premises

Located in a top Walking Street location in Pattaya, this A Go Go bar is currently closed as the owner has no time to take care of the business. However, the space is good with two storeys and a long 3 + 3 year lease, rent on the space is 100,000 baht a month. This is a great opportunity for someone to walk into the fully appointed premises and start fresh with their own business idea or continue the a go go business..

ASKING PRICE: 7 million baht

Craft Beer Bar in great Sukhumvit location

Love beer? Then this craft beer bar may be the right business for you. Located in the prime area around Soi 26 this bar was established two years ago and has developed a good name among the growing craft beer aficionados in Bangkok. The space is 350 sqm with a monthly rent of 80,000 baht, a new lease would be started for the new owners. There is a large parking lot that offers customers a place to park but also makes a great location for special events. There bar is decorated in a cool beachy theme and can hold up to 100 people both indoors and out. The draft beer system is large and can hold up to 30 different beers on tap.

Annual sales are at 3.6 million baht and profits reached 1 million baht. Inventory valued at 100,000 baht is included in the sale. The owner is selling as they are ready to go into something different.

ASKING PRICE: 800,000 baht

Pub in trendy Thong Lor

This new pub is located in the very popular and trendy Thonglor neighborhood. Established nine months ago, the business has already started averaging 2.1 million baht a month in sales with a monthly profit of 400,000 baht. This huge venue can seat 60 people inside and 70 outdoors. Lease on the space is 434,991 baht a month with a 3 + 3 + 3 year lease.

The venue has live music on Wednesdays and could easily be grown further. The business currently employs a Western manager and 19 employees with a total monthly payroll of 280,000 baht. Open from 9 am to 2 am the venue is near the site of a soon to be opened shopping mall.

The owner plans on moving to Phuket and so is including the company with license and lease deposit of 1.8 million baht.

ASKING PRICE: 15 million baht

Popular American franchise in busy Bangkok neighborhood

This popular American franchise is in a very busy area near a large international university and has been doing brisk trade since its opening in 2014. The rent on the premises is only 15,354 baht a month, a great deal for this busy area of Bangkok, and it has a 3+3 year lease for the 30sm shop that seats 10. The business does close for the school holidays as the trade drops quite a bit. However, the business still saw sales last year reach 2.8 million with a net profit 538,000 baht. There is one full-time, and two part-time employees with a total monthly payroll of 180,000 per year.

The asking price of 3.5 million baht includes all fixtures, fittings, equipment and stock but does not include the US$10,000 franchise fee or the deposit with the food supplier.

This is a great turn-key business with a popular well-known brand in a busy area.

ASKING PRICE: 3.5 million baht


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