Turnkey Hostess Bar For Sale in Phnom Penh: UTOPIA BAR, $8000, 1-Year Lease, Street 172

If you are looking for a business to buy in Cambodia, you've come to the right place! This is a section where owners can post their businesses for sale and where others in the community can ask questions about starting a business here. Foreigners can own 100% of a business here in Cambodia, and it's a pretty simple process to buy or sell, whether it's a bar, restaurant, hotel, or anything else. Have questions about what paperwork is needed for your company? Ask away. Curious if the expat bar on Street 136 selling for $100,000 is a good deal? Start a discussion on CEO and we'll let you know what we think.
User avatar
General Mackevili
The General
Posts: 18400
Joined: Tue May 06, 2014 5:24 pm
Reputation: 3397
Location: The Kingdom
Contact:
United States of America

Turnkey Hostess Bar For Sale in Phnom Penh: UTOPIA BAR, $8000, 1-Year Lease, Street 172

Post by General Mackevili »

Turnkey bar business for sale, which is currently run as a hostess bar.

'Utopia Bar' is for sale in a prime location on street 172 at the corner of 51 street . Opposite Flamingo's hotel and Black Cat bar , next door to Shangai Bar .
Prime location, within 20 seconds walk to Pontoon and Golden Soyra Mall .
Currently run as a hostess bar, the staff are willing to stay on including a trustworthy and reliable cashier.

Includes fitting and fixtures , including 2 air con units , TV, all bar furniture and all stock/alcohol at the time of takeover.
Also including in the price is 3 months security deposit $1650.
There is a small mezzanine room above the bar which is suitable for living, but no kitchen.
Rent is $550 a month and electric charged at state. There is 1 year and 3 months remaining on the lease , but you can talk to the landlord about extending.

Asking price is $8,000 . Looking for a quick sell.
If you have any questions or wish to view the bar please send Kingley Green a private message on Facebook.


Image

Image

Image

Image

Image
"Life is too important to take seriously."

"Life does not cease to be funny when people die any more than it ceases to be serious when people laugh."

Have a story or an anonymous news tip for CEO? Need advertising? CONTACT ME

Cambodia Expats Online is the most popular community in the country. JOIN TODAY

Follow CEO on social media:

Facebook
Twitter
YouTube
Google+
Instagram
User avatar
Jamie_Lambo
The Cool Boxing Guy
Posts: 15039
Joined: Mon Apr 20, 2015 10:34 am
Reputation: 3132
Location: ลพบุรี
Great Britain

Re: Turnkey Hostess Bar For Sale in Phnom Penh: UTOPIA BAR, $8000, 1-Year Lease, Street 172

Post by Jamie_Lambo »

im friends with a lot of the staff here, nice bar and decent location
:tophat: Mean Dtuk Mean Trei, Mean Loy Mean Srey
Punchy McShortstacks School of Hard Knocks :x
Anchor Moy
Expatriate
Posts: 13458
Joined: Wed May 28, 2014 11:37 pm
Reputation: 3974
Tokelau

Re: Turnkey Hostess Bar For Sale in Phnom Penh: UTOPIA BAR, $8000, 1-Year Lease, Street 172

Post by Anchor Moy »

Jamie_Lambo wrote: Tue Jul 11, 2017 12:50 am im friends with a lot of the staff here, nice bar and decent location
Great location. Go on, you know you want to buy it :stir:

Edit. 1 year lease ? :(
User avatar
General Mackevili
The General
Posts: 18400
Joined: Tue May 06, 2014 5:24 pm
Reputation: 3397
Location: The Kingdom
Contact:
United States of America

Re: Turnkey Hostess Bar For Sale in Phnom Penh: UTOPIA BAR, $8000, 1-Year Lease, Street 172

Post by General Mackevili »

Anchor Moy wrote:
Jamie_Lambo wrote: Tue Jul 11, 2017 12:50 am im friends with a lot of the staff here, nice bar and decent location
Great location. Go on, you know you want to buy it :stir:

Edit. 1 year lease ? :(
Lambo Land Bar. Serving all spirits with fruit PUNCH.
"Life is too important to take seriously."

"Life does not cease to be funny when people die any more than it ceases to be serious when people laugh."

Have a story or an anonymous news tip for CEO? Need advertising? CONTACT ME

Cambodia Expats Online is the most popular community in the country. JOIN TODAY

Follow CEO on social media:

Facebook
Twitter
YouTube
Google+
Instagram
AlonzoPartriz
Expatriate
Posts: 769
Joined: Mon Jun 26, 2017 9:37 am
Reputation: 72
Spain

Re: Turnkey Hostess Bar For Sale in Phnom Penh: UTOPIA BAR, $8000, 1-Year Lease, Street 172

Post by AlonzoPartriz »

General Mackevili wrote: Tue Jul 11, 2017 11:05 am
Anchor Moy wrote:
Jamie_Lambo wrote: Tue Jul 11, 2017 12:50 am im friends with a lot of the staff here, nice bar and decent location
Great location. Go on, you know you want to buy it :stir:

Edit. 1 year lease ? :(
Lambo Land Bar. Serving all spirits with fruit PUNCH.
It seems fairly cheap. Have you never fancied being a pimp General?
See crook!!!
User avatar
General Mackevili
The General
Posts: 18400
Joined: Tue May 06, 2014 5:24 pm
Reputation: 3397
Location: The Kingdom
Contact:
United States of America

Re: Turnkey Hostess Bar For Sale in Phnom Penh: UTOPIA BAR, $8000, 1-Year Lease, Street 172

Post by General Mackevili »

AlonzoPartriz wrote:
General Mackevili wrote: Tue Jul 11, 2017 11:05 am
Anchor Moy wrote:
Jamie_Lambo wrote: Tue Jul 11, 2017 12:50 am im friends with a lot of the staff here, nice bar and decent location
Great location. Go on, you know you want to buy it :stir:

Edit. 1 year lease ? :(
Lambo Land Bar. Serving all spirits with fruit PUNCH.
It seems fairly cheap. Have you never fancied being a pimp General?
LoL, it does sound cheap, until you do the math for the one-year lease. I think once there's only 2 years left on a lease, it should normally just be given away. 5 years would be my minimum on a "cheap" buy, personally.

And, while you can definitely say it's in a "good" location, bars on that street are hexed.

Rehabb, El Capitan, now it's Mang's, in a very short time.

That nightclub has changed about 100 times, etc. (I can't remember the name.)

So while it's just half a block off 51, it's still OFF 51.

"Life is too important to take seriously."

"Life does not cease to be funny when people die any more than it ceases to be serious when people laugh."

Have a story or an anonymous news tip for CEO? Need advertising? CONTACT ME

Cambodia Expats Online is the most popular community in the country. JOIN TODAY

Follow CEO on social media:

Facebook
Twitter
YouTube
Google+
Instagram
AlonzoPartriz
Expatriate
Posts: 769
Joined: Mon Jun 26, 2017 9:37 am
Reputation: 72
Spain

Re: Turnkey Hostess Bar For Sale in Phnom Penh: UTOPIA BAR, $8000, 1-Year Lease, Street 172

Post by AlonzoPartriz »

General Mackevili wrote: Tue Jul 11, 2017 11:34 am
AlonzoPartriz wrote:
General Mackevili wrote: Tue Jul 11, 2017 11:05 am
Anchor Moy wrote:
Jamie_Lambo wrote: Tue Jul 11, 2017 12:50 am im friends with a lot of the staff here, nice bar and decent location
Great location. Go on, you know you want to buy it :stir:

Edit. 1 year lease ? :(
Lambo Land Bar. Serving all spirits with fruit PUNCH.
It seems fairly cheap. Have you never fancied being a pimp General?
LoL, it does sound cheap, until you do the math for the one-year lease. I think once there's only 2 years left on a lease, it should normally just be given away. 5 years would be my minimum on a "cheap" buy, personally.

And, while you can definitely say it's in a "good" location, bars on that street are hexed.

Rehabb, El Capitan, now it's Mang's, in a very short time.

That nightclub has changed about 100 times, etc. (I can't remember the name.)

So while it's just half a block off 51, it's still OFF 51.
You're such a great promoter that I'm sure you could turn it round.
What sort of blurb would you write?
See crook!!!
User avatar
General Mackevili
The General
Posts: 18400
Joined: Tue May 06, 2014 5:24 pm
Reputation: 3397
Location: The Kingdom
Contact:
United States of America

Re: Turnkey Hostess Bar For Sale in Phnom Penh: UTOPIA BAR, $8000, 1-Year Lease, Street 172

Post by General Mackevili »

AlonzoPartriz wrote:
General Mackevili wrote: Tue Jul 11, 2017 11:34 am
AlonzoPartriz wrote:
General Mackevili wrote: Tue Jul 11, 2017 11:05 am
Anchor Moy wrote:
Great location. Go on, you know you want to buy it :stir:

Edit. 1 year lease ? :(
Lambo Land Bar. Serving all spirits with fruit PUNCH.
It seems fairly cheap. Have you never fancied being a pimp General?
LoL, it does sound cheap, until you do the math for the one-year lease. I think once there's only 2 years left on a lease, it should normally just be given away. 5 years would be my minimum on a "cheap" buy, personally.

And, while you can definitely say it's in a "good" location, bars on that street are hexed.

Rehabb, El Capitan, now it's Mang's, in a very short time.

That nightclub has changed about 100 times, etc. (I can't remember the name.)

So while it's just half a block off 51, it's still OFF 51.
You're such a great promoter that I'm sure you could turn it round.
What sort of blurb would you write?
Haha, we'll call it "CEO Lounge", copy Larry's layout, have $1 chili cheesedogs on Saturdays, and our tag line would be, "More skanks than Pontoon!"

:stir:
"Life is too important to take seriously."

"Life does not cease to be funny when people die any more than it ceases to be serious when people laugh."

Have a story or an anonymous news tip for CEO? Need advertising? CONTACT ME

Cambodia Expats Online is the most popular community in the country. JOIN TODAY

Follow CEO on social media:

Facebook
Twitter
YouTube
Google+
Instagram
User avatar
PSD-Kiwi
Expatriate
Posts: 4905
Joined: Wed Jul 09, 2014 8:25 am
Reputation: 3225
New Zealand

Re: Turnkey Hostess Bar For Sale in Phnom Penh: UTOPIA BAR, $8000, 1-Year Lease, Street 172

Post by PSD-Kiwi »

Wouldn't be a bad deal if you could negotiate a longer term lease (at least 5 years) at the current rental price with the landlord prior to finalizing the sale.
jayblues
Expatriate
Posts: 80
Joined: Tue May 23, 2017 9:39 am
Reputation: 18

Re: Turnkey Hostess Bar For Sale in Phnom Penh: UTOPIA BAR, $8000, 1-Year Lease, Street 172

Post by jayblues »

the bar looks nice. 8 grand is not a bad price considering it looks clean and set up well.
A good barman could flip it into a popular spot.
Post Reply Previous topicNext topic
  • Similar Topics
    Replies
    Views
    Last post

Who is online

Users browsing this forum: No registered users and 32 guests