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

Yes... we are absolutely interested in your $50,000 bar for sale with 3 stools and no customers.
User avatar
bolueeleh
Expatriate
Posts: 4440
Joined: Fri Jan 29, 2016 12:39 am
Reputation: 806
Location: anywhere with cheap bonks

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

Post by bolueeleh » Tue Jul 11, 2017 2:14 pm

General Mackevili wrote:
Tue Jul 11, 2017 12:05 pm
"More skanks than Pontoon!"
im gonna hold you to your word
Money is not the problem, the problem is no money
User avatar
General Mackevili
The General
Posts: 16497
Joined: Tue May 06, 2014 5:24 pm
Reputation: 1545
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 » Tue Jul 11, 2017 4:09 pm

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.
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.
Yeah, $8K isn't bad, but with that 1-year lease, ouch. A very good idea, PSD. Is that common practice?

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.


bolueeleh wrote:
General Mackevili wrote:
Tue Jul 11, 2017 12:05 pm
"More skanks than Pontoon!"
im gonna hold you to your word
Haha, OK, that would be hard to accomplish.
"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
frank lee bent
Expatriate
Posts: 11273
Joined: Sat May 17, 2014 4:10 am
Reputation: 1982
United States of America

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

Post by frank lee bent » Tue Jul 11, 2017 5:05 pm

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
User avatar
IraHayes
Expatriate
Posts: 951
Joined: Sat May 17, 2014 7:38 am
Reputation: 393
Marshall Islands

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

Post by IraHayes » Tue Jul 11, 2017 5:25 pm

How do you make a small fortune in Cambodia??










Arrive at the airport with a large fortune and buy a bar.
User avatar
frank lee bent
Expatriate
Posts: 11273
Joined: Sat May 17, 2014 4:10 am
Reputation: 1982
United States of America

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

Post by frank lee bent » Tue Jul 11, 2017 5:37 pm

maybe cheaper for some as the landlord of such an establishment than as a regular client.
User avatar
vladimir
The Pun-isher
Posts: 6077
Joined: Mon May 12, 2014 6:51 pm
Reputation: 185
Location: The Kremlin
Russia

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

Post by vladimir » Tue Jul 11, 2017 7:23 pm

IraHayes wrote:
Tue Jul 11, 2017 5:25 pm
How do you make a small fortune in Cambodia??
Invest in dwarf wrestling?
Jesus loves you...Mexico is great, right? ;)
User avatar
frank lee bent
Expatriate
Posts: 11273
Joined: Sat May 17, 2014 4:10 am
Reputation: 1982
United States of America

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

Post by frank lee bent » Tue Jul 11, 2017 8:26 pm

dwarf wrestling is only good when there are 42 against a lion.
Luigi
Expatriate
Posts: 1961
Joined: Thu Apr 30, 2015 6:12 pm
Reputation: 108

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

Post by Luigi » Tue Jul 11, 2017 8:43 pm

IraHayes wrote:
Tue Jul 11, 2017 5:25 pm
How do you make a small fortune in Cambodia??

EZ as it gets. Start with a larger one. Pftt!










Arrive at the airport with a large fortune and buy a bar.
jah steu
Expatriate
Posts: 287
Joined: Wed May 14, 2014 6:02 pm
Reputation: 59
Australia

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

Post by jah steu » Tue Jul 11, 2017 11:08 pm

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.
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.
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


Sent from my iPhone using Tapatalk
Sent from embedded sub-cutaneous iPhone 9 using Tapatalk.
User avatar
lordofmisrule
Expatriate
Posts: 88
Joined: Mon Jul 31, 2017 11:22 am
Reputation: 10
Great Britain

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

Post by lordofmisrule » Wed Aug 02, 2017 12:59 pm

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.
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.
Post Reply Previous topicNext topic
  • Similar Topics
    Replies
    Views
    Last post

Who is online

Users browsing this forum: No registered users and 12 guests