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Bangkok Residential Property Agency For Sale |
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Business Location: Country / City, |
Thailand / Bangkok |
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Business type: |
Business Services |
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Years in Business: |
5 |
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Years with Current Owner: |
1 |
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Number of employees: |
4 |
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Lease / Real Estate Information |
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Monthly Rental: |
85,000 Baht |
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Size in Square Meters: |
140 |
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Parking: |
Yes - in back |
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Terms & Conditions: |
extension negotiable |
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Lease Term: |
3 years |
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Lease Expiration Date: |
March 2011 |
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Option on Lease: |
negotiable |
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Year Acquired: |
2008 |
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Hours / Days Open: |
9am-6pm/ 5 day |
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Annual revenue: |
4,000,000 Baht |
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Annual Profit: |
1,500,000 Baht |
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Estimated Asset Value: |
1,400,000 Baht |
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Monthly Rental: |
85,000 Baht |
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Monthly Payroll: |
60,000 Baht |
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Real Estate Included: |
No |
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Real Estate Available: |
No |
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FF&E Asking: |
1,400,000 Baht |
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FF&E Included: |
Yes |
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Liens: |
No |
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Asking Price: |
2,900,000 Baht |
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Owner relocating abroad for family reasons.
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EBT1057- An opportunity to acquire a well known real estate sales and leasing agency in a prime Bangkok location has arisen due to one of the owner's desire to relocate overseas. In business since 2004, and with the current owners since 2008, the agency enjoys both walk-in clientele and good website traffic from individuals looking to lease and purchase Bangkok homes and condominiums each and every day. A large database of over 4,000 properties for both rent and sale are included in the sale as are all the forms, agreements, and other tools necessary to continue bringing revenues immediately after a new buyer takes over. 2008 revenues topped 4,000,000 Baht and after rental payment of 85,000 Baht (set to be reduced), salaries of 60,000 Baht for 4 Full-time staff, and other expenses the business brought 1,400,000 Baht to the owners in profit. The lease runs through the beginning of 2011 and an extension is negotiable with the landlord. There is a professionally designed website included in the acquisition and the seller is willing to assist the new owner during a transition period. Including all furnishings and fixtures, the seller is asking a reasonable 2,900,000 Baht to transfer the business to a new owner.
Asking Price: 2.9 Million Baht
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