Weekly Column

Sunbelt Asia Weekly Column 29 June 2018

Sunbelt Asia Weekly Column

29 June 2018

Phuket was in the top ten cities of the 2018 Mastercard Global Destination Cities Index: Play, which rates international destinations with the highest concentration of visitors traveling for relaxation and leisure, not business. Bali, in Indonesia, came in seventh and was the only other Asian destination on the list. In Phuket 93 percent of visitors are there for leisure activity, the majority of which are Chinese travelers who spent around $US 239 on leisure per visitor per day.

New marina projects along both the East and West coasts are expected to boost marine tourism in Thailand; targeted locations for possible new marinas include Chumphon, Trat and Sattahip district in Chon Buri, Koh Samui and Prachuap Khiri Khan. Development is subject to further study and some projects may be built by the private sector. Currently there are four marinas operating in Thailand; three in the Gulf in Pattaya, Koh Chang, and Pranburi and one in the Andaman in Phuket. International yacht visitors have grown after the government allowed them to stay 12 months instead of six months and the lower costs of rental, maintenance and service make Thailand more attractive than its neighbors with fewer berths according to the harbour master of Ocean Marina Yacht Club Pattaya in a Bangkok Post report. The government is working to boos the Thai Riviera scheme promoting marine tourism and Pattaya had more than 14 million visitors in 2017, a number expected to grow with the expansion of U-tapao International Airport.

Ctrip, the Shanghai based travel services provider, is launching gourmet food recommendations to Thailand for its Chinese clients. The company has offered gourmet food ratings in China since 2016 in addition to its one stop services including accommodation reservation, transport ticketing, packaged tours and corporate travel management. The new Ctrip Gourmet List for Bangkok will provide Chinese visitors with a Chinese rating system for Thai restaurants. Already added to the list are over 300 hundred restaurants selected by committee members, judges, and gourmet hunters. According to Ctrip one-fifth of all outbound Chinese travelers visited Thailand in 2017.

Thai Smile airlines will be adding new routes in August and October after the ICAO lifted the red flag on Thai carriers last year. The subsidiary of Thai Airways will be flying to Kolkata, India from Bangkok in August, and will take over the existing Thai Airways Phuket – Hong Kong route in October as well as institute new routes from Bangkok to Hong Kong and Hangzhou. The budget airline is also increasing charter flights to Fukuoka in Japan as well as increasing regularly scheduled flights to Chongqing, Changsha, and Guangzhou in China and Bombay in India. The airline is also looking to increase domestic flights to Khon Kaen, Chiang Rai, and Udon Thani.

In June alone 26 foreign companies were granted business licenses to operate in Thailand, investing a total of 1.522 billion baht and employing 320 Thai nationals. Twenty-two of those companies are in the service industry. So far this year the Ministry of Commerce has issued licenses to 140 foreign firms with a total value of registered capital over 7 billion baht.

Special offer on serviced officesWe are offering two types of serviced offices available at a special promotional deal
Office with space for two staff at 9,500 baht a month

Office with space for three staff at 11,000 baht a month

Happy anniversary from all of us at Sunbelt Asia!!
A “Thank you” gift for our clients new and old!
Sunbelt Asia has been offering our excellent service to our clients for 15 years! As our 15th anniversary gift we would like to offer our professional services on retirement and marriage visa extensions at the very special reduced rate of 7,500 baht as a thank you to our clients new and old for their support over the years.

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.

Online health food store & Sukhumvit showroom

This health store offers both online shopping for wholesome and organic products but also a showroom in a great Sukhumvit location. Taking advantage of the growing trend for healthy food, this online business also gives an opening into the booming e-commerce section in Thailand. The business has been in operation since 2013 and has seen business grow with sales reaching 8.8. million baht.

The showroom has parking for 3 cars and is in a top Sukhuvmit location with a rent of 30,000 baht a month. There are 7 full time employees with a payroll of 100,000 baht a month. The business is working on launching a new interactive site and mobile site.

The owner is looking to exit and start something else.

ASKING PRICE: 2.5 million baht

All-natural beauty products business seeks investors

This all-natural beauty products business is seeking to expand its export business and so is seeking investors to help the company grow its already existing market in the US with new products and to launch its products in China. The owner of this Thai-Amity company is planning on a major roll-out of new products and a massive marketing campaign to launch the new products of its already successful beauty line of organic products. Fully licensed with FDA approval from both the USFDA and Thai FDA the business already exports products to its US warehouse as well as promoting them on the radio in the US and an online shop. The company already has a major marketing campaign in the works for its launch in China but needs further capital so that the new products will go viral on the organic beauty market.

The owner is offering shares at $1.00 usd (equity/debt) — the investor would get 50% of their investment back off the top of sales with interest and end up with their balance of 1 million equity stocks at $.50 cents per share. The total 1 million shares is 33 percent interest in the company and would include the US corporations future profits. This is a very lucrative investment when figured over 7-10 years and beyond projections of huge potential global sales.

ASKING PRICE: 32 million baht for 33 percent shareholding

Restaurant in great Sukhumvit location

Set in a great location on Sukhumvit soi 31, a busy soi with many hotels and guesthouses, this restaurant and bar has earned a great reputation for its food and ambiance, even winning a restaurant award in 2015.

The restaurant has 200 sqm and a good rental price of only 45,000 baht a month. There are 7 full time and 7 part time staff with a total monthly salary of 145,000 baht. Annual sales are around 12-14 million baht and the business made a net profit of 4.6 million baht last year.

The owner is selling the business as he has no time to manage it.

ASKING PRICE: 9.5 million baht

Silom area hostel and cafe

In the popular Bangrak neighbourhood in 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

Popular American franchise in busy mall

Located in a busy mall in a popular Western suburb of Bangkok this American franchise is well-known but the owner is forced to sell as he has no time to manage and grow the business. A new owner could easily grow sales and profits with this popular franchise.

The 18 sqm restaurant is set in the food court of a busy mall and has a rent of 17 percent of gross profit. The business sold over 4.1 million baht in its first year and could easily grow with a dedicated owner/manager. There are three full time employees with a monthly payroll of 29,300 baht. The business has made a profit of around 20,000 baht a month.

The franchise fee and deposit with the suppliers is not included in the sale price.

ASKING PRICE: 2.5 million baht

Marine services & sales business in Chonburi marina

Located in one of Asia’s largest marinas with full facilities for yachts and boats, this business provides marine services supported and backed by the worldwide leader in sail making. Offering standing sail storage, canvas and trimming work, service and sail repair as well as sales of brand name sails, this business caters to a popular and growing market in Asia.

The business has a great potential for growth with a well trained staff and easy operating system. The business has protected product lines and established accounts. The loyal clientele create a lot of sales and referrals. This is a great opportunity for someone who loves the sailing lifestyle and can make money out of it.

The business is located in Chonburi with a 108 sqm upstairs sail loft for inventory, canvas work, and retail sales. Merchandising and marketing would boost this company further. The business has been operating for 6 years and there are four full time employees. The company has no real competition at this quality level. The owner is looking to sell as he is ready to “sail away”.

ASKING PRICE: 3.9 million baht

Vacation rental villas & land in Cha-am

Set in the beautiful district of Cha-Am and just a short drive from the beach, this business offers a unique opportunity for a buyer interested in getting into the resort and development business in a tropical paradise and owning 25 rai of chanote title land as well. There are 9 beautifully furnished villas, each offering two rooms for rent as resort style accommodation. The resort can cater for up to 40 people at a time. The 9 villas offer beautiful views of the mountains, lake and rice paddies near by. With such a large area, there is plenty of room to grow this business, either with more resort rooms or more villas. The resort has a large pool set in beautifully landscaped gardens and a lovely lake.
There are 15 employees with a total monthly payroll of 260,000 baht. Sales have grown continuously in the first four years of business as the place becomes more well known, reaching 24 million million baht in 2017 with a gross profit in excess of 10 million baht.

Twenty five rai of freehold land is included in the sale, along with a 240sqm meter clubhouse, dining and drinking area with 40 covers, and 14 hardwood salas, as well as staff quarters for 4 people.

The owner is looking to sell due to personal reasons

ASKING PRICE: 100 million negotiable

Dive school & boat tour business on Samui

Updated with new price as the owners are keen to sell!

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

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