From Sunbelt Asia - Nana go-go bar
How do you get a valuation of 22,000,000baht on profits of 300,000 to 500,000baht
Located in a key location in the busiest entertainment district in Bangkok, this go-go bar has been in business for 15 years and has many pretty girls as dancers making it a popular destination.
The premises has 250 sqm over three shophouses with nice decor and a good ambiance. There is a 3+3+3 lease and a monthly rent of 660,000 Baht. There are over 40 staff with total monthly salaries at 280,000 Baht. Last year saw sales of 21 million Baht with profits around 300,00-500,000 Baht.
The owner is forced to move overseas for family issues and so must sell the business.
ASKING PRICE: 22 million Baht