3-Storey Cocktail and Lounge Bar with rooms above in Vientiane for Sale
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  • 3-Storey Cocktail and Lounge Bar with rooms above in Vientiane for Sale
For Sale and Rent

3-Storey Cocktail and Lounge Bar with rooms above in Vientiane for Sale

Listing Number:

  • 856-14-01-001

Asking Price:

  • USD 85,000

Entertainment Bar / Pub
Vientiane (Viengchan) Chanthabuly Phonsavang

Business Details

Current Staff:

  • 5 Full-Time Salaried

Licenses:

The following licenses are included:
  • Food
  • Alcohol
  • Entertainment

Average Monthly Electricity:

  • USD 330

Average Monthly Water:

  • USD 13

Property Details

Tenure:

  • Business Sale and Rent (Leasehold Premises). 10 years with option to renew (Rolling Lease).

Rent:

  • USD 595 per month. Payable monthly in advance

Connected Utilities:

  • Power
  • Water
  • Internet

Stock:

  • Stock at the time of settlement is Included in the asking price

TV:

  • 2 Screen/s.

Internet:

  • Connected at the cost of USD 28 per month. Wifi Enabled.

Price Negotiable:

  • Yes, near offers will be considered

Agent's Comments

Long established and situated in Phonsavang, this trendy cocktail and lounge bar is well-known for its shisha, mojito cocktails and tower shots. It's a favorite chill place with the bar and lounge on the ground level and 3 rooms on the 2 floors above.

Fully furnished, licensed for food and alcohol and staffed with fully trained staff, the business is turn-key. The current owners will even introduce you to their suppliers who provide stock at much reduced rates and will assist with the transition. There is plenty of parking with about 5 spaces at the front door and 8 spaces in the garage overnight (and also at a nearby parking lot), and the lease tenure is very generous. Rent is 20,833 Baht a month (250,000 baht a year), and if paid 6-monthly or annually in advance, there is no need for a security deposit to be lodged with the landlord. The current owner's need to move to the USA, provides an excellent opportunity for an enterprising new owner or partnership. Ideal for people who enjoy nightlife and want to get their foot in the door.

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