Real Estate for Sale: Chiang Mai, Thailand, Chiang Mai 5 Year Established Bar, Gay Friendly, Prime Area - Night Bazaar, The Peak

Asking Price: $18,500
Location: Night Bazaar, The Peak
City: Chiang Mai
State/Province: Chiang Mai
Country: Thailand
Type: Business

Located in the best prime location in The Peak area in Night Bazaar in Chiang Mai. This bar is well established, in operation for well over 5 years and has a desirable 5 more years on a non-binding lease.
This bar is the envy of its neighboring bars and gets the highest customer traffic. It is situated on an elevated island like platform in the bar area and enjoys high visibility and is on the major foot path to the shopping area and to the toilets area which translates into a lot of customers ending up at the bar for a drink.
The bar also offers a wide-variety food menu leveraged by the surrounding restaurants. A popular pool table (billiards) is also included and is a main activity attraction for customers.
The sitting area of the bar gives the customers an enjoyable elevated view of the surroundings and the seats are hot property at the prime time operation of the bar. In the high season customers stand around drinking and partying while waiting for seats to vacate.
The bar is managed and operated by a staff of 4. The bar is gay and gay friendly. About 30% to 50% are non-gay customers and the rest, sometimes the majority, are gay customers.
The asking price is Negotiable but don't expect a huge discount as this bar is a profitable operation and is a prime location in The Peak area and will not be on the market for long.
Asking Price: 625,000 Baht Somewhat Negotiable
Monthly Lease: 8,000 Baht
Lease Term: 5 more optional years, non-binding, till Sept-2012.
Furnishings: All included, fully operational
Monthly Revenue: Gross 30,000 Baht to 90,000 Baht depending on season. Average 40,000 Baht per month.
Staff: 4 minimum for successful operation, at 2000 Baht each per month. Staff can remain with the bar after sale.
Trainig: 30 days, Will be provided by current owner and staff.