Turnkey Hostess Bar For Sale in Phnom Penh: UTOPIA BAR, $8000, 1-Year Lease, Street 172
- bolueeleh
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Re: Turnkey Hostess Bar For Sale in Phnom Penh: UTOPIA BAR, $8000, 1-Year Lease, Street 172
im gonna hold you to your word
Money is not the problem, the problem is no money
- General Mackevili
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Re: Turnkey Hostess Bar For Sale in Phnom Penh: UTOPIA BAR, $8000, 1-Year Lease, Street 172
PSD-Kiwi wrote: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.
Yeah, $8K isn't bad, but with that 1-year lease, ouch. A very good idea, PSD. Is that common practice?jayblues wrote: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.
I kind of assume the owner wouldn't sell it if he were able to do that, hence the $8K that "looks" like a good deal, until you think about the lease, and then it's not a deal at all.
I kind of assume every bar that is at the end of lease that can't be extended "looks" like a good deal.
Haha, OK, that would be hard to accomplish.bolueeleh wrote:im gonna hold you to your word
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- frank lee bent
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Re: Turnkey Hostess Bar For Sale in Phnom Penh: UTOPIA BAR, $8000, 1-Year Lease, Street 172
rent is cheap, and considering 3 months of it is included in the purchase price maybe a good way for someone to get some experience for little key money.
there is certainly a vacuum in the market left by outback for a certain demographic a cut above GSM
there is certainly a vacuum in the market left by outback for a certain demographic a cut above GSM
Re: Turnkey Hostess Bar For Sale in Phnom Penh: UTOPIA BAR, $8000, 1-Year Lease, Street 172
How do you make a small fortune in Cambodia??
Arrive at the airport with a large fortune and buy a bar.
Arrive at the airport with a large fortune and buy a bar.
- frank lee bent
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Re: Turnkey Hostess Bar For Sale in Phnom Penh: UTOPIA BAR, $8000, 1-Year Lease, Street 172
maybe cheaper for some as the landlord of such an establishment than as a regular client.
- vladimir
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Re: Turnkey Hostess Bar For Sale in Phnom Penh: UTOPIA BAR, $8000, 1-Year Lease, Street 172
Invest in dwarf wrestling?
Jesus loves you...Mexico is great, right?
- frank lee bent
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Re: Turnkey Hostess Bar For Sale in Phnom Penh: UTOPIA BAR, $8000, 1-Year Lease, Street 172
dwarf wrestling is only good when there are 42 against a lion.
Re: Turnkey Hostess Bar For Sale in Phnom Penh: UTOPIA BAR, $8000, 1-Year Lease, Street 172
That's what would happen. The length of the current lease is irrelevant. Extremely few landlords will agree to go through the hassle of changing the names of the tenants on an existing lease, especially one with only a year and and a bit remaining.PSD-Kiwi wrote: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.
The potential new owner will sit down with the landlord and negotiate a new three or five year lease, with a slightly raised rent. This is before agreeing on a sale with the current business owner.
This current business owner has already indicated he will include the price of the rent deposit in the sale price, which is a good deal
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- lordofmisrule
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Re: Turnkey Hostess Bar For Sale in Phnom Penh: UTOPIA BAR, $8000, 1-Year Lease, Street 172
I agree that the bars on that street have a hard time as well but the bars you mentioned you have mixed up with 174 General, not 172. This one is near to Shanghai.General Mackevili wrote: ↑Tue Jul 11, 2017 11:34 amLoL, 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.AlonzoPartriz wrote:It seems fairly cheap. Have you never fancied being a pimp General?General Mackevili wrote: ↑Tue Jul 11, 2017 11:05 amLambo Land Bar. Serving all spirits with fruit PUNCH.Anchor Moy wrote:Great location. Go on, you know you want to buy itJamie_Lambo wrote: ↑Tue Jul 11, 2017 12:50 am im friends with a lot of the staff here, nice bar and decent location
Edit. 1 year lease ?
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.
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