Sunbelt Asia Weekly Column
9 December 2019
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Concerned about the new excise tax for entertainment venues?
The latest excise tax has many in the food and beverage industry concerned and a little confused. Sunbelt Asia has been retained by some of the largest food and beverage clients in Thailand. We specialize in the excise tax and all related matters, if you are an entertainment venue with concerns regarding the implementation of the excise tax don’t hesitate to get in touch with our senior lawyers who specialize in this area. Please call (+66) 02-662-7004
Looking to start your own business and overwhelmed by the information?
There are quite a few options available to you including BOI, Limited Company and more. We can assist you in finding the right fit for your business ideas.
Community based tourism to get boost
Community based tourism is looking to get a boost from the recent partnership of the Tourism Authority of Thailand (TAT) and the Designated Areas for Sustainable Tourism Administration (Dasta). Dasta will work to develop the potential of local communities while the TAT will promote the destination to domestic and international tourists. Initially five communities will take part in the program; Thale Noi community in Phatthalung, Takien Tia in Chon Buri, Ban Laem in Suphan Buri, Ban Sanuan Nok in Buri Ram and Ban Sun Lom Joy in Chiang Mai. By the end of the project in 2021 the team predicts there will be 80 such communities scattered through Thailand as tourists habits change to smaller groups seeking unique experiences.
AOT plans to add terminal to Suvarnabhumi Airport
The board of the Airports of Thailand (AOT) approved a plan for a second terminal on the northern side of Suvarnabhumi Airport. The agency will submit the plan to the Transport Ministry for approval soon and hope to see the new terminal become operational by 2023 or 2024 in a bid to reduce congestion at the already overloaded airport. The new terminal will be able to serve a maximum of 40 million passengers a year. Once opened, the airport will be able to serve a total of 82 million passengers annually. The board also approved a 50 percent reduction in landing fee for international charter flights at six airports under the AOT for a period of five months. Those six airports are Suvarnabhumi, Don Mueang, Phuket, Chiang Mai, Hat Yai, and Chiang Rai.
24 hour restaurant in busy soi
This unique 24 hour restaurant is located on a busy soi with ten hotels. Selling various Thai and western style food in a popular location on a great corner plot. With seating for over 50 guests and a scalable outdoor space this could easily host over 70. The restaurant is popular as its the only one open in the early hours.
Inventory also includes Coca cola fridge, cash machine ceiling fans and with a decent kitchen which has a triple glass fridge, 4 gas burners a microwave and a large freezer as well as food preparation area and washing up facilities, this is only one of the areas that this restaurant can cook.
The outside lends itself to street style fast food with a salad counter, a corn counter, a BBQ counter, chicken & rice counter and a noodle bar. Offering as many as 8 different burners to cater for the different styles of cuisine available outside for those in a rush.
Supported by Food Panda and Grab, the take away side to this business has been evolving as more customers become aware of their excellent food, choice & service.
ASKING PRICE: 999,999 baht
Budget guesthouse & restaurant near MRT station
?This restaurant and guest house business rents budget rooms in the Din Daeng area of Bangkok a short walk from the MRT station Phra Ram 9
Comprising of beds for guests and a busy Thai restaurant this is a gem of a business could suit someone looking to expand an already operating business. In a nice busy nostalgic location, this is one of those local Thai areas that are sadly in decline as Bangkok heads for the sky with new condo developments. These locations are rich in history so therefore add to their charm.
Scalable, this business advertises in Air BnB only and has good occupancy rates, this current owner has over the last 4 years taken time to install air conditioners in rooms so the guests sleep coolly. The price is negotiable as the owner is keen to sell.
ASKING PRICE: 1.4 million baht
Web and mobile application development
This long-running company operates web and mobile application development business with portfolio of large corporate and public companies. This is a great opportunity to enter a well-established tech business.
There are 7 full time dedicated and experienced employees with a total monthly payroll of 300,000 Baht. Business is located close to an MRT station for ease of access for staff and customers.
The owner is seeking new opportunities and so seeks a sale of this well-known business.
ASKING PRICE: 5 million baht
Chiang Mai restaurant in Night Bazaar
This restaurant has a great location right on the Night Bazaar in Chiang Mai and has been in business since 2008. The restaurant has 220 sqm over two floors with a rent of 250,000 baht a month. The restaurant is in a top location in a very popular area with a lot of foot traffic. The lease on the space is for 3 years. There are 24 full time employees with monthly wages of 250,000 baht. Sales were between 18-22 million baht with a proft of 2-3.5 million baht. Furniture, fixtures and equipment valued at 6 million baht are included in the sale.
The owner is changing his focus and so seeks to sell the restaurant.
ASKING PRICE: 4.5million baht
Rayong factory with established clientele
Located in Rayong with easy access to nearby factories and businesses in the EEC, this firm provides power generation equipment as well as acoustic enclosures, stainless exhaust mufflers and generating set load banks. The current owners are selling as one is retiring and returning to his home country while the other partner wishes to focus on his own consulting business. Both partners will help the new owner to better understand the product and transfer customer relationships. The major sales market is currently in Australia. New markets have been targeted, such as the Middle East.
Annual sales have been at 35 million baht with a profit of 5.6 million baht. There are 20 full-time staff with a total monthly payroll of 530,000 baht. The factory is 1500 sm on land that rents for 94,500 baht a month.
The business needs a full-time factory manager to help the business grow. All equipment, fixtures and fittings are included in the sale.
ASKING PRICE: 22 million baht
Kanchanaburi resort near the River
The owner’s of this lovely resort have dropped the price as they are looking for a quick sale. The resort is fully licensed and within walking distance of the famed River Khwai or Khwae, as its known in Thailand, and 1.2 km from the famed Bridge, a major tourist destination not only for visitors but for local Thais as well. With a gorgeous garden and pool there are 15 bungalows, 3 family bungalows, 5 deluxe bungalows and 6 standard bungalows, all air conditioned. The resort also books tours, and offers motorbike and bicycle rentals. There is a charming restaurant as well as a large 2 bed room house complete with full western kitchen.
The resort is one of the top-ranking in Trip Advisor and has an excellent feedback score on Booking.com. With the right PR and marketing this resort could see much higher occupancy due to its high ratings. There are 9 full time employees and total monthly wages of 100,000 baht. The hotel has a lease contract to 2020, and pays rent of 240,000 baht every 6 months. Annual sales reach 5-6 million with profits of 1.5 to 3 million. The owner is retiring and believes the business could grow with a dynamic new owner.
NEW ASKING PRICE: 3.5 million baht
Licensed Phuket resort hotel
This is a rare and unique opportunity to take over a fully licensed boutique hotel on the beautiful tropical island of Phuket. Situated in a quiet road in Cherng Talay, this villa is an oasis of tranquillity, only 10 minutes away from Boat Avenue and Laguna.
The hotel offers 4.5-Star accommodation to guests seeking peace and quiet in a beautiful setting. The hotel sits on just under 1 rai of land (approximately 1,590 sqm). Including the spacious office, entry hall, fully equipped kitchen and laundry room. The main buildings are in a traditional Thai architectural style, and have been constructed to an extremely high standard. The roofs are all tiled with traditional Thai sturdy green handmade glazed ceramic self-cleaning tiles.
The patio area around the pool currently serves as seating for the restaurant, but there is also room inside for additional tables. There are 7 rooms in total (one of which is currently used by the owner), and every room overlooks the large swimming pool. Each room is exquisitely decorated with high quality finishings, and the bathrooms all have stylish baths/jacuzzis and WiFi.
There are two fully trained professional staff who have worked at the hotel for some time. The hotel uses littlehotelier.com reservation and booking software and all bookings/accounts over the last 12 months are available on request.
Additionally there is land around the side of the hotel that the new owner could add additional accommodation, potentially doubling the hotels occupancy. In addition to the hotels own land, there is also a land surrounding the hotel, which could be acquired for yet further expansion.
ASKING PRICE: 30 million baht
Wood manufacturing business and yacht service in Phuket
This wood manufacturing business is located in Phuket and produces wooden blinds, kitchen cabinets, garden furniture, flooring, and decking.
The business also provides repair and maintenance options for clients and tiling and cement work. There are also stainless kitchen fittings, and welding services. Additionally the company offers yacht services, repairs, maintenance and boat storage.
The business has a thriving online presence and has been in business since 2005.The business has registered capital of 4 million baht and the premises covers over 2,000 sqm plus a workshop of 550 sqm. Stock valued at 500,000 baht is included in the sale price.
Sales have reached 700,000 baht to 1 million baht per month with a profit of 30 percent. There are 15 staff and wages of 200,000 baht a month. Rental fees for boats at the boatyard are 8,500 baht a month.
ASKING PRICE: 6 million baht