Partner Sought for Successful Walking Street Go Go Bar Pattaya
Listing No. 066-12-02-016
• Business: Gogo Bar
• Location: Walking Street, Pattaya, Thailand
• Features: What a fantastic opportunity this is for a personable and talented active partner. Not only is the gogo located on the most famous street in Thailand for night-time entertainment activities, Walking Street, but it has also got enviable prime position and is well-established, well-signed and well-known. And if that isn’t enough, your partner is one of Pattaya’s most successful gogo bar owners and has been in this business, and business in Pattaya in general for many years. He himself started out in a partnership, but due to the personal circumstances of his long-time partner had to resume full ownership recently. Of course, running a full-on operation like this is not easy for one person and that is why he seeks a partner. Ideally, the person will be active (‘hands-on’) in the management and operation of the bar, but an inactive partner (more like a silent investor) will also be considered as it will enable the employment of a manager to assist with the day-to-day operation and share the workload.
Those genuinely interested in this offer will understand the sensitivity about releasing too much information (like rent, staffing, utilities, etc) and for this reason, disclosure of additional information will only be made upon application with a brief summary or background about yourself, completion of a non-disclosure agreement, and subsequent meeting with the owner.
The share price is THB 300,000 per unit share and the owner is seeking a commitment (ideally) of between 20% and 49%, but will also consider a controlling share. The minimum buy-in price for a 20% share is THB 6,000,000. The partnership will be ratified by transfer of company shares.
• Tenure: Partnership (Transfer of Shares). 3 years with option to renew (Rolling Lease)
• Asking Price: THB 300,000
• More Information: Please contact us for more information (we require your name, phone number and e-mail address)
Video courtesy of Millennium Trust
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