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Nana Go-Go Bar For Sale


Ckrisg

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First Rule of Nanaplaza.com circa 2002 - Do *not* buy a bar

Second Rule of Nanaplaza.com circa 2002 - Do *not* buy a bar

Third Rule of Nanaplaza.com circa 2002 - See rules one and two

 

Aah, and some of the cunts on this board say I'm an arrogant arsehole who has learnt nothing from my time on the board. :neener:

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Well, with those fixed costs, and assuming beer purchased at 30 baht per bottle, and selling for 170 baht per bottle (similar ratio for mixed drinks), 30 days per month, 6.5 hours per night, you need to sell 34 beers per hour (every hour) to recover fixed costs, and then another 11 beers per hours to make 10,000 baht per day profit (= 300,000 baht per month). 45 beers per hour. In a decent go-go bar, that rate can certainly be done fairly easily some days, for maybe four or five hours per night. 15 customers at a time, drinking three drinks per hour will do that. So - it pretty much depends on which bar.

 

3.6 million baht profit on 22 million baht investment = 16.7% = 6 year payback. But - the investor has to watch that investment like a hawk - basically work the business.

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Rent and salaries take away 11.28 million baht of the 21 million baht pie.

Also subtract profits which might be .........................500,000 baht.

That leaves about ..................9 million for expenses.

 

If half of the staff does ST or LT and they get laid 50% of the time each night................

that adds up to a lot of money!

 

Even in the USA if a business grosses $21 million

some would say the business is worth $21 million dollars.

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So much blue sky in the arithmetic in this thread. How many would buy into a bar in Farangland if they knew

 

- the off season could easily be 8+ months

- finding staff would be a constant challenge, some leaving with zero notice and others attempting to steal from the business

- the constant threat of political unrest could turn that long-awaited 'high season' into the land of broken dreams

 

All of the above are out of the owner's control, but the big trapdoor seems to be the prospect of drinking one's own profits. Obviously, some bar owners make it work, but they dont publish the percentages in the Bangkok Post. If Nana's Golden Bar can make money purely on the basis of alcohol sales, fantastic, but they have a location that most bar owners would kill for.

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